Pocket home development coming to Wanstead
PUBLISHED: 17:22 02 November 2018 | UPDATED: 17:22 02 November 2018
The borough’s first pocket housing development is coming to Wanstead.
Pocket homes are one-bed, affordable units to help first-time buyers in London who are priced out of private housing and unable to secure social housing or own a home of their own.
They are sold outright at a market discount of at least 20per cent to people living or working in the borough.
At a Redbridge planning meeting on Wednesday, October 31, councillors voted in favour of approving a development of 20 affordable homes in Gardner Close, Wanstead.
A resident, who had lived in the area for 22 years, spoke out against the plan and said it would be built on a grass space where children play.
She also said it is hard to park and the homes would create additional pressure on existing residents.
“I object to Redbridge Council selling off an area of Gardner Close,” she said.
“It is shown on the lease of my property.
“These homes proposed to be built in 2018 are of a lower standard than those that were built in the 1960s.”
Councillor Paul Merry spoke in favour of the development.
He said: “I have some reservations but the housing crisis is so critical that we have to consider schemes and support them.
Two councillors abstained from voting - one because he used to live on the road and eight voted in favour.
Speaking after the meeting, Marc Vlessing, Pocket Living CEO said: “In too many boroughs across London, hard-working young people struggle to get on the housing ladder, and Redbridge is no exception.
“The average home costs over 12 times the average salary here.
“We are therefore thrilled to be announcing these new affordable Pocket homes for priced-out young Londoners in the borough.
“These homes are desperately needed to ensure we keep these local, talented young people in the borough.
“They are our nurses, teachers, and public sector workers – and the beating heart of the city.”
The one bedroom homes can only be sold to other eligible people and they cannon be bought by buy-to-let investors and cash buyers.
A spokeswoman for the company said pocket homes are not to be confused with micro homes as all units are above national and London space standards.