London is on track for 350 new homes with a green light for major development by Blackhorse Road station.
Transport for London (TfL) and Barratt London have the signal to deliver the 350 – 50% of which will be at social rent levels or for shared ownership in Waltham Forest.
All remaining homes will be eligible for Help to Buy
TfL is working with Barratt London on the 1.8 acre opposite the station – serviced by both the Victoria line and London Overground – as part of its Property Partnership Framework.
The development, named Blackhorse Point, will be built on a 1.8 acre site currently being used as a public car park with construction expected to start in the summer.
All 350 homes will be spread across six new buildings providing a mixture of studio, 1, 2 and 3-bedroom properties.
The development is situated opposite Blackhorse Road station, which is serviced by both the Victoria line and London Overground. The site will also make it easier for residents to cycle with 650 cycle parking spaces.
Designed by RMA Architects, the development is a key element of the wider masterplan of the Blackhorse Lane regeneration area, which falls under part of the Greater London Authority’s Blackhorse Road and Northern Olympic Park Housing zone as well as the London Borough of Waltham Forest’s Blackhorse Lane Area Action Plan.
Graeme Craig, Tfl Director of Commercial Development said Blackhorse Point will provide housing the borough “desperately needs” while Matt Calladine, Regional Land and Development Director, Barratt London, said: “We are particularly pleased to be able to deliver such a high percentage of much needed affordable homes for the borough.”
Cllr Simon Miller, Cabinet Member for Economic Growth and High Streets, Waltham Forest Council said: “The council is committed to improving residents’ life chances and providing them with a decent roof over their heads as we continue to create even more opportunities to succeed for those who live, work and study in Waltham Forest.”
In 2016, TfL launched the Property Partnership Framework in 2016.
Following a competitive tender process, TfL approved the appointment of 13 leading property development companies and consortiums that it could work with to develop its sites.
This provides a ready pool of partners eligible to bid to work with TfL in joint ventures as sites become available.