In five years
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