Walthamstow: Plans for redevelopment

 

What makes Walthamstow so special that E17 has defined itself as 'Awesometow'? The Evening Standard recently deemed the area as 'best value in North London' and referred to the half-hour commute from the West End as an exciting proposition for 'trendy' young professionals. The purpose-built Victorian flats known as Warner properties are sought after by the young and consequently rent quickly by the landlords who have recognised the area's potential. In close proximity to quirky coffee shops, microbreweries and the William Morris Gallery, E17 has great appeal for those who were priced out of other fashionable East London areas.

 

In another article, the Evening Standard note that the price of an average flat in Walthamstow costs £375,000. As popularity grows in grows, the first time buyers are finding themselves looking towards Wood Street Station. Shared-ownership schemes propose opportunities to get on the property ladder for under £90,000.

 

Juniper House:

 

Plans for further regeneration continue to be proposed for E17. Waltham Forest Council are proposing to transform Juniper House (which currently sits on the other side of the road from our office) by making 87 new homes, 35 per cent of which will be either Council rent and shared ownership properties. Also included in the plans of redevelopment is a nursery, commercial premises which look onto Hoe Street. At the end of July 2018 residents attended the first consultation and they will have a follow up in September. Providing planning approval is granted, we should expect to see the work begin in summer 2019 which could take up to two years. You can provide some input yourself on a short survey and opt in to hear of any project updates.

 

Feature17:

 

Also due to be completed in 2021 is the £70 million works on the old Marlowe Road Estate. Taking their inspiration from Wood Streets's legacy in the film industry from the beginning on the 20th Century, home builders Countryside have called the site Feature17. The construction which started in 2016 will bring 436 new homes as well as a community and commercial space.

 

Walthamstow Gateway:

 

Further developments hit Walthamstow Central Station, right by Wonderlease's headquarters, as Solum propose to transform the station into 'Walthamstow Gateway'. This will create 79 new apartments and a strikingly new station square. In the most recent construction update you can begin to see a glimpse into the visual impact of works as the final V-Shape column within the car park completely transforms the site. The last we heard, the transformation has already delivered 69 new homes, of which 50% were affordable. The works will also deliver a Travelodge hotel and retail units which will bring about new jobs and attract more people to E17. The next chapter is the creation of 79 new homes above the car park. We will also improve the station environment and the pedestrian link to Queen's Road Station.

 

Essex Brewery:

 

Crest Nicholson are developing the former Essex Brewery Site at 76 to 80 South Grove, bring 183 new homes to Walthamstow. The development will include 64 one-bedroom, 96 two-bedroom, 23 three-bedroom apartments and three shop units. A number of these apartments are available via the shared ownership. The Essex Brewery Site is only just a 2 minute walk from St James Street and 8 minutes to Walthamstow Central. The concrete frames have been worked on over the summer and the project is due completion by autumn 2019.

 

The Mall:

 

Waltham Forest Council has given the seal of approval for the retail investment company Capital & Regional's planning permission to redevelop The Mall shopping centre. Consequently, new retail and restaurant outlets will overlook a refurbished town square. This will include a new children's play area plus 42 new homes. Above the shopping centre itself, 460 more homes will be constructed.

 

Walthamstow Central:

 

The Mayor of London, Sadiq Khan, today announced in May 2018 that £15 million will be used to improve Walthamstow Central Station. The funding has been granted to enable the enhanced capacity to be provided as part of the redevelopment of Walthamstow Mall, which will involve £200 million private investment earning an estimated £25 million additional retail spend, according to the council. 8,000 sq meters of new retail space, 350 new permanent retail jobs, 500 new homes, a new children's play area and re-landscaped town square demonstrates the Mayor and the council's commitment to the rejuvenation of Walthamstow.

 

Published on 01 September 2018

Source Wonderlease

Written by Marc Cohen

Free Valuation
Share This