The first council housing to be built for more than 30 years is a step closer.
The project will consist of seven Enfield Borough Council-owned sites in the area, on which 94 new homes will be built.
All sites will have a mixture of developments including two, three and four-bedroom houses and one and two-bedroom apartments.
Developers Kier PLC are keen to move the development forward with work on the Parsonage Lane site starting in June this year.
Councillor Ahmet Oykener, Enfield Council’s cabinet member for housing, said: “We have taken an innovative approach to the planning and funding arrangements, providing 37 affordable rented council-owned homes.
“A wholly council -owned property company will be able to use the income generated from the remaining 57 homes to fund the whole development."
Dennis Seal, Kier’s residential investment director, said: “The provision of 37 new affordable rental homes in Enfield and the retention of the income from the remaining 57 properties will ensure that the initiative delivers homes to the highest standard.
“We will be using appropriate and sustainable materials to create attractive new homes that will fit into their surroundings across the seven very different sites, adding value and reducing running costs.”
The small sites include:
- 9-85 Parsonage Lane
- 22-68 Forty Hill
- 119-135 Lavender Hill
- 50-60 St Georges Road
- 41-63 Tudor Crescent
- 1-18 Jasper Close
- Garages to rear of 131-161 Holtwhites Hill