Pocket Living proposals approved for 100% affordable scheme in Snaresbrook

Innovative affordable housing developer Pocket Living’s proposals to deliver 74 affordable homes on land adjacent to Snaresbrook station have been approved by Redbridge Planning Committee.

The 100% affordable scheme, which received more than 120 letters of support prior to committee, will deliver 74 new homes; all of which will be available to first-time buyers who live or work in Redbridge at a 20% discount compared to the local market. Research shows that the proposals will price an estimated 17,000 Redbridge households into home ownership.

It will also deliver a new pathway and mews space for the local community on the land adjacent to Snaresbrook station. The scheme is effectively car-free for residents, with the exception of Blue Badge parking, and encompasses land that is currently used as a car park to deliver a 100% affordable scheme.

Once complete, the scheme will be the second development Pocket Living has delivered in Redbridge to date. In 2021, Pocket completed its 100% affordable scheme at Gardner Close, Wanstead. All 20 homes were sold to local people; 40% of whom were key or third-sector workers. More than 400 local people registered to buy a home at Gardner Close, meaning there were 20 buyers for every one Pocket home.

The scheme forms part of the wider work being undertaken to deliver more affordable homes by TTL Properties Ltd (TTLP) – Transport for London’s wholly owned commercial property company and represents the second success for Pocket Living working with TTLP. At the end of 2021, Pocket received planning for 86 discounted homes at Woodside Park in Barnet on former TfL land, and they are now launching to the market this month.

The homes at Snaresbrook are expected to be complete by 2026 and will deliver 15% of the council’s annual affordable housing targets.