Pocket Living moves ahead with affordable home scheme at Woodside Park in Barnet
Innovative affordable housing developer Pocket Living has signed a build contract with HG Construction to deliver a scheme for 86 one-bedroom homes for first-time buyers at Woodside Park in Barnet, London, having completed an agreement with Transport for London for the site.
The deal is the culmination of several years of planning and managing technical hurdles associated with the site’s proximity to the railway track, including complex works to cable infrastructure.
Woodside Park N12 is located adjacent to Woodside Park Station in Barnet. The development will provide 86 Pocket one-bedroom homes across two separate buildings each rising to four storeys.
Everyone living at Woodside Park N12 will have access to two rooftop gardens with lush planting and allotment beds for residents to grow their own produce.
Woodside Park N12 will be sold to Barnet’s first-time buyers at a 20% discount to the local market.
Nick Cuff, Pocket Living’s Chief Commercial Officer, comments: “This is exactly the kind of challenging small site which needs to come forward if we are to solve the housing crisis. Whilst there have been challenges along the way, the joint working between TfL and Pocket will now lead to the creation of 86 first time buyer homes for local residents of Barnet.”
“Pocket has always been at the heart of innovative collaborations in the housing sector and we believe new thinking and working in partnership with the public sector is crucial if we are serious about tackling the housing crisis. The delivery of this site demonstrates our commitment to this.
“We are also thrilled to be working on the delivery side again with our construction partners HG. This will be the seventh collaboration with their team and we are all looking forward to seeing this building coming out of the ground.”
Jonathan Cornelius, Head of Property Development at TfL, said: “We are pleased to have completed the agreement with Pocket Living on this site at Woodside Park, which will deliver 86 new affordable homes. This development plays an important part in tackling the housing crisis and delivering the new homes that the capital urgently needs, while also generating vital revenue to invest into London’s transport network.”