There is a superstore less than a mile away, near the station, and a parade of shops in Lower Road including a convenience store, post office, café, take away restaurant and all can be accessed easily on foot from the site.
(http://www.bexley.gov.uk/service/planning )
THE PROPOSED DEVELOPMENT
According to plans and maps provided, the site is ideal and large enough to accommodate a residential development consisting of the refurbishment, re-cladding and conversion of the existing tower to supply 72 two bedroom apartments rather than demolition and 108 parking spaces; erection of a 4 storey block of 36 apartments and 54 parking spaces; two 4 storey blocks of 32 apartments in total with 48 parking spaces.
Retention of the existing library building for community use for local residents and refurbishment of the existing 3 bed detached property with 2 parking spaces. The size of the land gives enough space for parking and sufficient communal and private amenity space for use by the residents.
Due to tower building’s age the outer skin is displaying minor signs of wear. However the intension is to retain the building. On the other hand the other buildings will be demolished. It is likely that the buildings contain asbestos as they were constructed before 1980. The cost of removal and disposing of asbestos should be taken into account.
(“The Council will protect and seek to conserve and enhance those features of the built and natural environment, which contribute to the special character of London or of this part of London. This will include: sites of archaeological interest…”) (The (Unitary Development Plan for the London Borough of Bexley, Policy G26)
After demolition of the existing buildings and re-use of the car parks there is enough land to build on and the retention of the green open space and most of the trees is recommended. At present on the campus site the main green space is grassed with trees and hedges. Additional planting should be regarded and a survey plan should be included to full planning application with documentation showing species and positions.
HOUSING POLICIES AND LEGAL REQUIREMENTS
Planning policy Guidance Note 3 recommends the use of previously developed land in urban areas and conversion of existing buildings. (Paragraph 21)
“Promote such conversions, by taking a more flexible approach to development plans standards with regard to densities, car parking, amenity space and overlooking.” (Paragraph 41)
It also encourages the regeneration of green areas and discourages the development of green spaces. (Paragraph 22)
The Unitary Development Plan for the London Borough of Bexley was adopted in 2004. There are various policies related to the subject re-development. The most relevant ones are highlighted as below:
- Policy H3: “Residential development and other development in primarily residential areas should be compatible with the character or appearance of the area in which it is located”
Due to the size of the site it has a unique character in contrast to the surrounding residential area, mainly two storey dwellings. As Policy H3 demands the green areas and landscape are conserved and there are not major changes from the existing development, in particular the Tower Block.
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Policy H4: “Subject to the overriding requirements of Policies H3 and H5, the density of family housing should normally be in the range of 120-210 habitable rooms (30-53 dwellings) per hectare and the density of non-family housing should normally be in the range 170-250 habitable rooms (57-83 dwellings) per hectare.”
Regarding the size of the development, 141 dwellings in 3.2 hectares will meet the requirements.
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Policy H6 demands the residential development to have suitable onsite amenity space. (Above)
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In accordance with Policy T2 a full transport assessment should be submitted with full planning application, considering the additional traffic incurred by the local population created by the re-development in the surrounding area.
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Policy T14 deals with cycle parking standards. The Site should provide cycle parking in a secure environment in the converted Tower Block and other buildings should have enough and suitable secure parking areas provided, for cycles.
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Policy G5 Application for the conversion of the Tower and the construction of new buildings and external areas, where members of the public will have access to, should make adequate consideration for the needs of disabled people.
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Policy T17 refers to off-street parking spaces. Annex 4 of the London plan indicates the maximum car parking space standard for flats as 1 to 1.5 spaces. The development should aim at upper level of 1.5 off- street parking spaces per flat.
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Policy ENV35 will be met by retention of trees and generation of new planting.
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Policy ENV56/57 should be met on requirements of archaeological sites. There is a wall alongside the northern part of Tower Road which was built in 1870. The wall should be retained as a feature of the development. The archaeological survey should be attached to full planning application.
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Policy H14
AFFORDABLE HOUSING
Bexley Council demands affordable housing in residential developments of 15 dwellings or more. “Affordable housing is housing designed to meet the needs of people whose incomes are not enough to allow them to purchase decent and appropriate housing.”(www.bexley.gov.uk) .The Borough’s unitary development plan demand from a development of this size to consist of 35% affordable housing. Considering the size of the site, 49 flats should be allocated to affordable housing.
Additionally Bexley Council encourages developments which are easily accessible to public transport, mixed use, greener development and the most efficient use of land. Considering these policies above this site is optimum for residential development. The Greater London Authority Spatial Development Strategy for Greater London Plan) indicates the additional homes target fro Borough of Bexley is 5520.
Considering the amount of rubbish created, bin enclosures to accommodate sufficient refuge bins should be provided in a convenient location for collection. These must be sited so as not to dominate the front of the buildings and should be screened.
There should also be enough space for emergency vehicles and refuge vehicles to turn around.
As observed there is no protected crossing near the site although there is Trinity School nearby. Bearing in mind the size of the development, population of occupiers and the secure crossing of students and parents of Trinity School, a pelican crossing would be ideal.
MARKET RESEARCH
The development will be ideal for first time buyers to get on the property ladder and young professionals rather than families with children. Considering the size of the development, a part ownership scheme with a housing association will be advisable. There is a fire station, schools nearby including Belvedere Junior School and Trinity School and the flats will be attractive to key workers. Government’s policy of Key Worker living programme will be ideal for key workers such as teachers to buy from this new development receiving at least 25 per cent of the cost of the property and paying a reduced rent on the remaining share.
There are several estate agents in the area including Alan Ives Estate Agents, Bairstoweves, and Your Move. According to information provided from Alan Ives Estate Agents of 118 Plumstead High Street, London, current sale value of 2 bedroom flats in this area is between £160,000.00 - £170,000.00. Rental returns per month are estimated as £650.00-£750.00. (Letter from estate agent is attached)
Average price history for flats in DA17 6JA
FINANCIAL APPRIASAL
Less 50% of 35% Affordable Housing for key workers - £3,920,000
£19,160,000
Gross Profit: £3,956,000
Excluding
Stamp Duty
Agent fees
Site investigation
Planning fees
Building regs
Finance Costs
Note: Bexley Council require a 35 % dedication to key workers and affordable housing. I have allowed a 50% reduction in the sale price to key workers and affordable housing. The remainder 50% to be rented to tenants over 20 year period.
OR
Rental income
* Increase in rental rise income not taken into account (reduces years of return on investment)
CONCLUSION
The redevelopment of Bexley College will offer increased housing and especially affordable housing which is much needed in the London Borough of Bexley. The conversion of the tower, additional new buildings, preserved and regenerated landscape will improve the outlook of the site.
Furthermore with the money provided from the sale of this site and additional Government funding, Bexley College will be able to relocate itself to a centrally located site within new premises and serve its residents better.
REFERENCES
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Cadman, David and Topping, R (2005) The Property Development. 4th edition. Spon Press. London
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, F (2000) Property Development. 1st edition. Estates Gazette.
- Bexley's Unitary Development Plan (UDP) 2005
- Planning Policy Guidance Notes
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Brook, M (2004) Estimating and Tendering for Construction Work.3rd edition. Elsevier Butterworth-Heinemann. London
BIBLIOGRAPHY
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Bexley Council Planning Department. Available from
http://www.bexley.gov.uk/service/planning
[Accessed: 22 October 2007]
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Bexley Council. Public Access to Planning Applications. Application Number: 05/01127/FULM
Available from
http://www.bexley.gov.uk/service/publicaccess.html
[Accessed: 29 October 2007]
- Bexley College. Available from
http://www.bexley.ac.uk/
[Accessed: 1 November 2007]
- Up My Street. Local Area information .Available from
http://www.upmystreet.com/local/my-neighbours/l/DA17+6JA.html
[Accessed: 1 November 2007]