Woodberry Down estate, Hackney
Circa 1,000 homes on Hackney's Woodberry Down estate near Finsbury Park remain under threat of demolition.
Circa 900 homes have already been demolished in the first two phases. Phase 3 of the scheme was granted planning permission in Summer 2019. The scheme proposes to build 5,500 new homes in total over eight phases of development by 2029, 41% of which will be 'affordable'.
The estate has been sold by Hackney Council in a phased conditional agreement to a joint venture between developer Berkeley Homes and Notting Hill Genesis housing association (cf. Aylesbury estate).
In August 2019, it was reported that "42 per cent of the homes for private sale in the scheme have gone to overseas buyers, with a predicted net loss by the Town Hall of just over 300 social rented homes." and that "Notting Hill Genesis have been actively seeking to prevent leaseholders taking up shared equity properties in favour of shared ownerships which would yield rental income".
The first 'kick-start' phase one of the scheme was approved in 2008 and completed in 2012.
The outline planning application for the remaining phases of the scheme was approved in 2014. The section 106 agreement for the outline scheme secures 36% affordable housing in phase 2, 41% in phases 3,4 and 5; and 43% in phases 6, 7 and 8.
36% of the affordable housing in phase 2 is secured as social rent and 47% in phases 3,4 and 5 but the tenure split in the last three phases will determined by a viability assessment to be submitted by Berkeley when those phases are progressed.
Mayor's planning reports.
Municipal Dreams' 2013 blog post on the Woodberry Down regeneration: https://municipaldreams.wordpress.com/2013/09/17/woodberry-down-hackney-the-estate-of-the-future/
(Photo Credits: Municipal Dreams)