Major housing communities are to be built in two key locations in London near new railway stations, the government has announced.

As many as 13,000 new homes will be developed close to the new HS2 railway station at Old Oak Common, near East Acton, and £320 million will be spent on a new Brent Cross West Thameslink station, which will lead to the development of 7,500 new properties.

Supporting the government’s housing targets

Loans Arena – MPU

James Brokenshire, secretary of state for housing, said the news developments are part of the government’s drive to make the housing market work and deliver 300,000 properties a year by the mid-2020s. He commented: “We are working to create homes, opportunities and thriving communities, especially in London which faces the most severe and unique housing pressures in the country.”

He also pointed out that the HS2 station at Old Oak Common will offer a new gateway to London, while a new train station in Brent Cross can be the catalyst to build thousands more much-needed homes.

“Together, this £570 million package of investments will allow thousands of families the opportunity to realise their dreams of home ownership. It will provide up to 20,000 new homes, support new jobs and benefit from new transport infrastructure,” said Brokenshire.

Old Oak Common

The new station at Old Oak Common is set to transform the area into a vibrant community, supporting up to 65,000 jobs, according a recent government press release.

An estimated 250,000 people will be travelling through the Old Common site every day, when the train station is open from 2026 onwards, if HS2 Ltd meets its target set out by the government. This will boost the local economy and establish the new community as a focal point for the area.

The government has also announced that funding will contribute to the wider Old Oak community in order to prepare it for the transition into a new landmark destination in London and the increased traffic that will come with this.

Brent Cross Cricklewood

A further £320 million will be made available to Barnet Council to deliver at least 7,500 homes at Brent Cross Cricklewood, to accompany a new train station on the Thameslink route. New offices and an extension to the Brent Cross shopping centre will also be built from the funding allocated to the area, according to the government.

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Jim Kersey
Jim focuses on the socio-economic impact of housing. His reporting for Property Notify often touches on topics such as changes in sentiment among investors in various housing sectors, as well as the impact of various developments on the average person.

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