Summary
Proposals have been submitted to the Old Oak Park Royal Development Corporation (OPDC), for a residential lead tower for a build-to-rent development within a tower of 25 floors.
Transport
Plans situated on the corner of School Road and Victoria Road, would if approved be situated 7 minutes from North Acton tube station, 15 minutes from Willesden Junction, and under 20 minutes from the eventual Old Oak Common High Speed 2, Elizabeth Line and Great Western interchange from the early 2030s.
The scheme will be car-free for private vehicles aside from blue badge holders, it will include provision for 340 long-stay cycle spaces, including spaces for larger cargo-style bikes.
Development Team
The developer has appointed Darling Associates Architects, scheme would operate under the Eutopia Homes, their first highrise and London scheme.
Affordable Housing
Contextually, the OPDC Local Plan Policy H1 states that the OPDC will support the delivery of 19,850 homes during the plan period including the delivery of 13,670 homes between 2019 and 2029 as set out in the
London Plan.
Of the 176 new homes for private rent, 35% of these homes equating to 61 homes will be discount market rent.
Typically, the guidelines for discounted market rent are that the prices should be between 50% and 60% of the full market rent, including all additional charges like service charge (if one is charged). This means that renters are eligible for DMR a discount of 40- 50%.
Within the size of the homes proposed, a combined 85% of 176 new homes would be one and two-bed homes.
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