Redevelopment of the Wendling Estate and St Stephen’s Close

Description

The Wendling Estate is a council estate located in the Gospel Oak ward, with St Stephen’s Close immediately adjacent. Together they are known as the Wendling and St Stephen’s Close Estate, covering approximately 2.6 hectares and comprising 240 existing homes, including at the time of writing 191 Council-tenanted homes and 49 leasehold properties. The regeneration of the Wendling Estate and St Stephen’s Close is an important part of the Council’s Community Investment Programme. Residents voted in favour of full redevelopment of the Estate in July 2021 because they wanted new homes, better outdoor spaces, and a safer, more welcoming neighbourhood. The redevelopment proposals aim to deliver high-quality, energy efficient, genuinely affordable and private homes that meet residents’ needs and address long standing issues facing the existing Estate, such as overcrowding and antisocial behaviour. The Council intends, subject to Cabinet approval, to procure a joint venture development partner to deliver a redevelopment of the estate comprising circa 650-750 high-quality, sustainable new homes; replace the existing hostel and health centre; and improve the existing neighbourhood for current and future residents. The redevelopment will be delivered in accordance with the Landlord Offer that formed the basis of the resident ballot. The contract estimated value is £500m GDV (Gross Development Value).