Property Know

London’s King’s Cross is a major Railway Hub for the North of England. Combined with Euston, St Pancras and King’s Cross they all cater for the National Rail Trains going up to places such as Manchester, Birmingham, Sheffield and yes – all the way up to Edinburgh, Scotland! King’s Cross is just on the outer rim of the London Transport Zone One (1) which makes commuting relatively easy with the Piccadilly, Northern and Victoria Underground Lines all going through King’s Cross.

For those who do not know London’s King’s Cross is currently going through a major regeneration project. Actually a really big transformation costing a hefty £2 Billion! The King’s Cross Railways Land project is currently in doubt, due to a miscommunication between the local community.

The property developer Argent, had a proposed plan which included 44% of affordable homes. Of the 67 acres that the Argent Scheme is meant to cover that is a great deal of affordable housing already! The 67 acres includes conservation areas and listed buildings, and it was given permission by Camden Council!

BUT now the £2 billion transformation of King’s Cross may have hit a minor delay! Why? The Local Community are complaining that they were not informed about the change in the percentage of proposed affordable housing, from 44% to 50%! So the overall 6% of the 67 acre land to provide London with affordable housing! This is only a hiccup on behalf of the King’s Cross Railways Land Project, and hopefully it will be resolved soon!

As a £2 Billion regeneration project with 50% affordable housing seems good to the Rent A Home Group and in fact that should apply to anyone who is out there looking for properties in the already expensive London Property Market!

Excuse the pun, but yes – the project won’t be “derailed” – it is only a minor delay! So keep your eyes out for those affordable houses in King’s Cross!