A breakdown of the regeneration, house prices and key changes to the London Borough of Barnet, helpful for property investors and first time buyers looking in the area.
BARNET’S OVERALL GROWTH STRATEGY
Known as the “third highest national housing target”, Barnet Council set out plans in 2020 to build 30,000 new homes by 2030, first aiming for 4,126 homes per year.
Though this explains the large-scale development and regeneration projects ongoing in the area, concerns have been raised that flood risks could rise due to pressure on drainage systems from new housing.
ONE OF THE LARGEST PROJECTS IN EUROPE
Cited as the biggest programme of redevelopment the council has ever undertaken, the Brent Cross Cricklewood project will see the revitalisation of an underused industrial area and provide 6,700 homes, as well as a new train station.
The project encompasses a total regeneration to Brent Cross West and Brent Cross Town, and will continue work over the next 15 years.
BRENT CROSS TOWN CENTRE
Dubbed the ’15 minute town’, this large scale development project as part of the Brent Cross Cricklewood project will offer new shops, restaurants, amenities and leisure facilities.
There are also plans for 50 acres of green parks and playing fields, and 662 private rooms of student accommodation to come to the site in 2024.
WEST HENDON TO RECIEVE 1000 MORE HOMES
Work started in the West Hendon area in 2013 to bring 2000 homes to the area, and as of 2021 nearly 900 homes have been completed.
The redevelopment is bringing underground car parking, improved public space and a new community centre, which will cost around £18m and which was endorsed by Barnet Council in August 2021. The full development is expected to complete by 2028.
OVER 2000 HOMES TO MILL HILL EAST
Expected to finally complete in 2025, the redevelopment plans to demolish army housing and build 2266 new homes in Mill Hill Estate first received permission in 2011.
The developments have also already improved the Mill Hill East Tube Station, built a new primary school, and a district energy centre.
A MAKEOVER TO DOLLIS VALLEY ESTATE
The Dollis Valley estate was built in the late 1960s and early 1970s, and is now being regenerated into an integrated community of 631 new homes, also receiving a new extended bus service and new communal gardens.
Development is expected to complete by 2025. Over 165 homes have already been completed as of 2022.
200 HOMES COMING SOON TO BROOK VALLEY GARDENS
Permission was granted in March of 2022 for the construction of 233 homes at Brook Valley Gardens, also within the Dollis Valley Estate.
There will be a mix of 105 houses and 118 apartments, and the developer Countryside and housing association L&Q aim for 95 of those homes to be at affordable rates.