Following a residents’ ballot that was in favour of Riverside’s plans, Calverley Close will be rebuilt to provide every existing Riverside tenant with a home that better meets their needs, that is modern, accessible, spacious and more energy efficient.
In addition, there will be 96 new homes for sale on the open market, with a total 275 homes built on the new development.
Calverley Close in its current form is old and increasingly expensive to maintain. A full redevelopment will allow us to tackle issues such as:
- Anti-social behaviour on the estate with groups hanging out and causing nuisance behaviour.
- Growing families needing larger homes
- Homes feeling tired and worn
- The estate needing to be more accessible to those with younger children and/or mobility issues
The new Calverley Close will be designed to address these problems and will include additional homes for sale. The revenue from these sales is what makes this project possible and enables Riverside, as a not-for-profit organisation, to pursue their social mission, transforming the lives of residents and revitalising their neighbourhood.
In addition, the GLA is currently offering grant funding to help with estate rebuilding that will help deliver high-quality new homes for tenants. We needed to act now to take advantage of this, for the benefit of our residents as there is no guarantee that these funds will be available to improve residents’ homes and neighbourhoods in the future.
Riverside is partnering with Countryside one of the UK’s leading home builders, to build the new Calverley Close.
The new estate will be built to meet the housing needs of our existing residents. We will allocate homes according to need once detailed plans have been finalised and planning permission secured from the local authority.
We are committed to keeping the cost of living to a minimum and to ensuring rents remain affordable.
Tenants will receive a Home Loss payment and disturbance allowance to compensate for moving costs. The demolition and building work will be phased so that tenants can live on the estate through the redevelopment and only have to move once.
For more information, see the plans as laid out in the offer document.