This car park is part of Haverstock School. Building on school premises will always be controversial. Let's put that to one side for now and focus on the opportunity itself.
There is scope for 8 no. 2 bed, four person flats above this car park. Most schools have these sorts of opportunities, it seems natural to make this scheme 100% affordable for key workers. Some or all of the units could go to teachers which would help with staff retention.
Little Ships will pay for some of the sites we identify with new homes instead of cash. The public body would set and receive the rent (less a fair management fee) as an income instead of a capital payment.
Public bodies often don't like to receive cash because it can negatively affect their budgets, or simply be taken away by government. Receiving an income (and deciding who the tenants are) is like a Tied Cottage which is a long established traditional method for an employer to provide a home for their staff in the UK. We're just updating the idea for the 21st century.
One of the reasons for the housing crisis is the fact that money is taken out of the housing cycle by taking profit on the land deal and the development process to pay for things other than new homes. Little Ships will keep the money in the housing cycle.
- Number of homes − 8
- Total development cost − £2,000,000
- Location − Camden, London
- Difficulty − Easy
- Controversy − Ambivalent
- Ownership − LEA
- Current status − Site identified