Pocket Living submits plans for 100% affordable homes scheme

Pocket Living has submitted plans for 74 affordable homes next to Snaresbrook station in east London. The scheme is the latest collaboration between the affordable housing developer and Transport for London. Thomasin Renshaw, Pocket development director, said: “The government’s brownfield-first policy has further emphasised the importance of delivering future homes in well-connected locations such as Snaresbrook. We are delighted to be continuing to proactively work with TfL on schemes that will ensure homeownership opportunities for the next generation of Londoners.” All of the homes, 73 one-bedroom flats and one two-bedroom flat, will be available at a 20% discount to market value to local first-time buyers who live or work in the London Borough of Redbridge. Nearly 1,000 people have already registered their interest. The proposal will also represent 15% of the council’s annual target for affordable homes. Ben Tate, head of property development at TfL, said: “Working with Pocket Living, we are pleased the planning application to deliver a new affordable housing scheme in Snaresbrook has now been submitted. We strongly believe in using our land to help tackle the housing crisis and deliver the new homes that the capital urgently needs, while also generating vital revenue to invest into London’s transport network.”   To send feedback, e-mail piers.wehner@eg.co.uk or tweet @PiersWehner or @EGPropertyNews Image courtesy of Pocket Living