Four out of five high street properties ripe for resi conversion


27/09/2021
by: Mary-Anne Bowring/Housing Today

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Residential conversion, London property, Housing Today

Controversial permitted development conversion rights and new fire safety tests for high rises have come in to force. Four out of five high street properties can potentially be converted into homes without planning permission under new rules that came into force at the start of this week. The new “Class E” permitted development (PD) right applies to the vast majority of commercial properties in high streets and town centres, as well as light industrial units.

Property new regulations

The rules, which have been welcomed by some developers but sharply criticised by planners and other developers, have come into force at the same time as new regulations requiring the fire risk of proposed high-rise buildings to be assessed at the planning application stage. The Town and Country Planning Association said detailed research undertaken for it by University College London of four town and city centers showed an average of just over 80% of commercial buildings could be converted into homes under the new PD right. This rose to as high as 89% in one center, Barnet, in north London.

The new rules, which open up many commercial buildings, including restaurants, cafes, offices, gyms, nurseries, day centers and light industrial units for residential conversion for the first time, present a major opportunity for residential developers. Mary-Anne Bowring, group managing director at consultant Ringley, said the rules were proof that fire safety “is no longer a fringe concern”. She said: “Developers will now be accountable for fire safety compliance at the very first sight of submitted proposals”. 

Joey Gardiner: Four out of five high street properties ripe for resi conversion

https://www.housingtoday.co.uk


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