In five years

Evening Standard - West End Final Extra - ES Homes and Property - - First-time Buyers -

medium com­pa­nies, a new pub­lic square, and ac­cess to Beck­ton District Park. Bell­way is con­sid­er­ing also in­stalling a café and gym. The mix of prop­erty here is good. A third of the homes will be af­ford­able, ear­marked for first-time buy­ers, while an­other third will be fam­ily-size units with three bed­rooms.

Plan­ning per­mis­sion for Beck­ton Parkside has been granted and the first homes will go on sale, off-plan, in early 2020. Help to Buy Lon­don will be avail­able on some of the homes, mean­ing buy­ers only need find a five per cent de­posit.

HOMES THAT ‘REAL LON­DON­ERS’ CAN AF­FORD

Bell­way’s Matthew Lees be­lieves the whole “A13 cor­ri­dor” run­ning east­ward out of the City has huge po­ten­tial for fu­ture price growth.

“Bell­way’s phi­los­o­phy is to find those pock­ets of un­der­utilised and un­der­re­gen­er­ated land, and try and find sites to de­liver homes for real Lon­don­ers,” he says.

This heav­ing dual car­riage­way is also a cy­cle su­per­high­way, a swift ride to the huge re­gen­er­a­tion zone at Can­ning Town — good news since the site is about a mile-and-a-half from the near­est sta­tions at East Ham, Up­ton Park and Can­ning Town.

The other com­pro­mise at Beck­ton Parkside is traf­fic noise. The build­ings, says Lees, have been de­signed with cor­ri­dor space fac­ing the road and the flats them­selves fac­ing away from the car­riage­way, and he feels that, with dou­ble glaz­ing, res­i­dents should hardly no­tice the hum of traf­fic.

Ne­wham coun­cil has set up its own de­vel­oper, Red Door Ven­tures, spe­cial­is­ing in built-to-rent de­vel­op­ments and us­ing coun­cil-owned sites to cre­ate high- qual­ity homes across the bor­ough.

In East Ham it has teamed up with dRMM Ar­chi­tects, win­ner of last year’s RIBA Stir­ling Prize for its re­gen­er­a­tion of Hast­ings Pier in East Sus­sex, for a se­ries of projects large and small. Work on these projects will be­gin next year, and by 2020 will make a real con­tri­bu­tion to the sup­ply of rental ac­com­mo­da­tion lo­cally.

NEW LIFE FOR HAND­SOME PE­RIOD BUILD­INGS

They in­clude a re­boot of The Old Fire Sta­tion in High Street South. The rather grand red-brick ed­i­fice will be con­verted into seven homes.

On a big­ger scale, the Town Hall An­nexe in Bark­ing Road will pro­vide an­other 185 rented homes, with a res­i­dents’ court­yard gar­den and café, while a for­mer brick­yard just off High Street North will con­tribute a fur­ther 98. Of course these new de­vel­op­ments, and the fa­cil­i­ties that will come with them, are a lit­tle way down the line, but buy­ers can al­ready pick up a good-value pe­riod home in East Ham.

A three- to four-bed­room Vic­to­rian or Ed­war­dian ter­race house would cost about £500,000, while a two-bed­room pe­riod con­ver­sion would come in at about £ 250,000 — a price al­most un­heard in a Zone 3 lo­ca­tion.

Am­bi­tious: Red Door Ven­tures, Ne­wham coun­cil’s own de­vel­oper, will turn the Town Hall An­nexe in Bark­ing Road into 185 rental flats with a court­yard gar­den

Hot new scheme: The Old Fire Sta­tion in High Street South is be­ing con­verted into seven new East Ham rental apart­ments

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