Request a
callback
register your
interest
download
brochures

Show apartment &
marketing suite
now open

Long & Waterson
1 - 3 Long Street
London
E2 8HJ

OPENING TIMES
Tuesday 10 - 6pm
Wednesday 10 - 8pm
(By appointment only after 6pm)
Thursday 10 - 6pm
Friday 10 - 6pm
Saturday 10 - 5pm
Sunday 11 - 4pm
Monday - Closed

CALL OUR SALES TEAM TO ARRANGE A VIEWING
020 7033 2350

News & Press

THE TIMES • EVENING STANDARD • FT • METRO • CITY AM

From hip new homes in Shoreditch to 10 of the best new London developments, read what the popular press is saying about out scheme.

 



The Sunday Times | Sunday 8th October 2017 | Click here to view the original article

New planning rules make it easier to turn an old workshop into your dream home and with 7,000 lying empty, chances are there’s one near you.

Could newly relaxed planning rules turn the old paint-stripping workshop around the corner into our ticket to a bigger house? We’ve been walking past its boarded-up windows for years on the way to my daughter’s school in southwest London, but from this month permitted development rights will make it easier to convert light-industrial sites into homes. I’m tempted should we snap it up?

Exclusive research by LandInsight, a land search app, has mapped more than 160,000 sites in England with class Blc use for “light industry appropriate in a residential area”. Almost 7,000 are vacant. “These present a lot of opportunity,” says Andrew Moist, a would-be self builder who co-founded LandInsight four years ago after struggling to find land in London. “For small buy-to- let investors, it could be the next step up”

The permitted development (PD) rights, which came into force in England on October l for a period of three years, only cover existing buildings smaller than 500 sq metres (5,382 sq ft), which, Moist points out, are “not that attractive to large developers”. That gives self builders and small-scale developers a chance to swoop.

The change follows the introduction in 2013 of PD rights to turn offices into homes. Government data shows that this led to 13,800 new homes in 2015-16, or one out of every 13. The conversion rate has soared fivefold, to 1% of office stock a year, causing a 0.25% net loss of office space, according to CBRE, the property services firm.

The scheme is not without controversy. Critics say that bypassing normal rules means these homes are often smaller than planners would require, and councils lose their ability to make developers pay for affordable homes and infrastructure.

 

London E2 ; Two class B1c workshop buildings in Shoreditch, built for furniture makers and carpenters in 1958, have been turned into 119 loft-style flats with between one and four bedrooms. The landscape architect Alexandra Steed designed the gardens over four levels, including a sun deck inspired by the New York High Line. New permitted development rights on such sites are limited to buildings under 500 sq metres – enough room for about flats at best. 020 3944 0205, knightfrank.co.uk