Did you notice the 2 page feature on the Bermondsey Spa regeneration area in last night's Homes & Properties supplement of the Standard? (No link to it yet on their website.)
Apparently there are 20 [21 according to the noticeboard outside the park on Spa Road] separate development areas that are going to be turned into (presumably) yuppie flats and 10 have started already. That explains why, each time I go down Spa Road, there is another redundant building that has been flattened.
Hurrah. Perhaps they'll knock down those lousy council houses that depress the value of our yuppy homes [ducks & runs for cover, TFIC]. More seriously, I rather like the gritty (sic - in ES) feel of Grange Road, I do hope that it doesn't change too much.
As I understand it, Local Authorities aren't allowed to build housing themselves. They are forced, by national legislation, to deliver housing via third parties such as developers and housing associations.
Historically, local authorities have been landowners and, where a local authority owns larger amounts of land, it can, by seeking partnerships with developers and housing associations, use its land ownership as a lever to achieve broader objectives. By this I mean that a local authority may own land in areas where land is in short supply.
The Evening Standard article mentions the sum of £35million but I doubt that a local authority would be in a position to invest that sort of money in cash. Therefore I assume the ES article must refer to the value of proposed developments.
A good deal of the housing will be "affordable"* (as much as a third in some developments), with another large proportion being reserved for key workers - in some of the developments, only a third of the properties will not fall into these two categories.
Also, I'm sure I read somewhere that there will be social housing, too. There are also going to be 8 new doctors' surgeries and a school.
So, it's hardly a yuppy development.
*I hate the term "affordable housing" - after all, a million pounds is affordable to some people. Why don't they just say cheap?
Editing this to say I'm getting really funny google ads on this thread - the first one says "Gay flatmates wanted - advertise yourself for 50c"! I wonder what the relevance is? Mapmaker - are you well-known on the Aussie gay scene?
Doubt Southwark are putting in £35m - seems far too generous! But then I cannot believe that 20 large sites with hundreds of homes can be built for £35m either - when there's £1m going into a garden.
'spearheading a £ 35 million regeneration of the area, which involves building 2,000 new homes, retail and community facilities, as well as commercial space for small businesses. Twenty development sites have been earmarked, 13 of which are already under way.'
Perhaps £35m is the value of the land, which Southwark claims to be 'ploughing' back into the area following sale of the land.
Inspired by this article, I had a bit of a poke around the 'Spa' area yesterday. I see there are a couple of pikeys living in caravans at the South end of the Spa Park (actually in SE16, sorry); with luck they're just builders.
And a 3 bed Queen Anne house on Grange Walk for sale for a cool £595k, and far more stripped pine than is entirely tasteful! (Daniel Cobb)
TLMJJ - must you post such nonsense at 3am... what do you mean by a google ad?