New Housing Company To Provide Private Homes For Families

Oldchurch development

Romford development offers quality rented accommodation

Havering Council’s housing company to develop private rented accommodation for young people and family.

Havering Council’s housing company, Mercury Land Holdings, is taking another step forward in providing quality rented accommodation for local people, with an ambitious new housing development in Oldchurch Park, Romford.

Located in a central Romford location with close proximity to local amenities and transport links, the development comprises 65 one, two and three-bed houses which are available primarily for market rent, with a limited number for sale. Tenants can benefit from a long-term lease, and will also receive free internet access and two-hours of handyman support when they first move into their new home.

Tom Dobrashian, Director of Mercury Land Holdings said: “This is an exciting first project for Mercury Land Holdings and we are delighted to be able to bring this high-quality accommodation to the private rental sector in Havering.”

Popular area

Situated within easy traveling distance of London, and with a much lower cost living, the London Borough of Havering has long been a popular choice for city commuters and families looking to put down roots.

The area certainly has plenty to recommend it, with towns such as Romford offering great shopping and leisure facilities, and acres of beautiful countryside just a stone’s throw away. And when Crossrail arrives later this year, the county’s popularity looks likely to rise even further, with residents set to benefit from shorter commuting times, increased network capacity and associated regeneration projects.

Addressing the housing crisis

There is a general consensus that we are in the grip of a housing crisis, with many young people in their 20s and 30s priced out of the housing market, particularly in London and its surrounding areas. What’s more, an increased demand for private rented accommodation has led to an increase in unscrupulous landlords, with many people forced into poor quality or extortionately expensive rented homes.

As house prices continue to rise, and the housing shortage shows no sign of being resolved, Romford estate agents expect to see a continued increase in the number of people looking for good quality, professionally managed private sector rentals – and it is this need that Havering Council is looking to address.

Indeed, the Council set up Mercury Land Holdings in 2015 specifically to provide more high quality rented homes across the borough. Speaking at the time, Councillor Ron Ower, Cabinet Member for the Housing Company and oneSource Management, said: “We are pleased to announce the creation of a new housing company which will help to deliver well-located and well-managed private rented accommodation. The development of good quality housing will appeal to families and young people. This is a positive step in the right direction – and at the right time.”

Commenting on the Oldchurch development, Tom Dobrashian added: “We hope that this will be the first of many such projects which will go a long way to provide much needed, quality new homes to the borough and particularly enable the younger people and families in our borough to access a new home.”

The Oldchurch Park development is Mercury’s first property acquisition, and it looks likely to be a successful one; while there are still some properties available, many residents have already started to move into their new homes.

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