Thamesmead South (phase 2)
Number of homes: 226
Landlord: Peabody
Ballot Status: Exempt
Planning Status: Approved
Developer: Peabody
Tenants Advisor: Communities First
In November 2016, the Mayor approved the demolition of 226 homes on Bexley's Southmere site of the Thamesmead estate, to be replaced by 1,622 new homes of which 67 intermediate and 168 affordable rent of up to 80% market rent.
This is the second phase of 'Thamesmead South' - Peabody's redevelopment of the Bexley side of the Thamesmead estate. The next phase is Thamesmead East - the 'Wolvercote road' area.
Bexley's Growth Strategy envisages 4,000 new homes in the Thamesmead area facilitated by the new Crossrail station and including the 'renewal' of existing estates.
Peabody has partnered with Australian developer Lendlease (Heygate estate regeneration) to deliver 11,500 homes in Thamesmead over the next 30 years.
Unlike in some cases, the Mayors report is clear that the replacement 'social' housing at rent levels of up to 80% market rent:
The section 106 agreement agreement says that Peabody should 'endeavour' to provide 35% affordable housing across all phases but only secures a minimum number of units in the first phase, namely 67 intermediate and 168 affordable rent of up to 80% market rent.
This latest phase of the scheme was demolished in 2020 and as of November 2024 remains an empty hoarded-off building site.
Out of the 329 homes in this second phase of the scheme just 59 will be social/affordable rent.
Links:
Peabody's 2017 consultation documents for the scheme.
