Southend-on-Sea Borough Council (Southend) and Swan Housing Association (Swan) have agreed to work in partnership to regenerate the Queensway Estate. By working with Swan the Council is confident they have a partner with an excellent track record of carrying out this work and also that they will retain equal control over the project.
Over the coming months we will finalise the size and type of homes that will be built so plans can be developed and presented to the Council’s development control committee next year.
To draw up plans to be submitted for planning approval, we will first need to consult with residents on their wider aspirations for the Queensway area and are seeking residents’ views on our proposed scheme. We will also be carrying out a housing needs assessment on residents so this can inform the planning design. The scheme put forward to residents will be based on the proposals developed by Swan as part of the procurement process and which formed part of their winning submission leading to their selection as Joint Venture Partner.
A full consultation will be carried out over the coming months and residents and local stakeholders will have the opportunity to be fully engaged in this process in formal way.
Southend-on-Sea Borough Council and Swan held resident launch event on 26 September on the Queensway Estate to introduce Swan. This event, although a fun packed afternoon, gave the opportunity for local residents to tell us their hopes for the regeneration and ensure they know how they can be involved going forward.
Following the launch event, Swan and Southend-on-Sea Borough Council will be carrying out further consultation with residents, business and other key stakeholders, to help them develop their planning application. Planned activities will include meetings with residents and stakeholders to express their views on the proposed plans, opportunities for the plans to be reviewed and for comments to be made online. There will be opportunities for everyone to make representations through the planning process. A timeline of these opportunities will be sent to residents and published locally, so that all stakeholders will have the opportunity to find out more.
It is currently estimated that the masterplan will be submitted for planning approval in mid 2020.
The regeneration of Better Queensway will, over the life of the project see the Queensway area transformed into a vibrant new place which provides high quality housing of all tenures, together with commercial units, plus high quality and attractive public spaces. It will include new public green spaces that will ensure Queensway is transformed into a key part of central Southend. All residents that will be affected by the regeneration will be offered an appointment with Swan to discuss their individual circumstances and establish what support they will need.
This is a long-term regeneration project and one which will need to be phased to ensure impact on residents is managed. Further information on the likely timeframe for overall regeneration and when residents will have to move will be provided later this year.
If you are a leaseholder, Swan staff will sit down with you to discuss your options and to advise when your property is needed for the regeneration. All leaseholders will be provided with assistance, support and advice to make their decision.
A qualified chartered surveyor will survey your home and assess the market value. The value will be calculated ignoring the effect of the scheme on property values.
Yes, in fact we encourage you to seek your own professional advice. If you wish to use your own surveyor to negotiate on your behalf we would need to agree their appointment in advance to make sure they are qualified to survey the property and their fees are reasonable. We will pay the reasonable fees.
After the valuation we will write to you with an offer outlining when we wish to purchase your property. If you have lived in the property as your principal home for at least the last twelve months you will receive an additional payment known as Home Loss and a disturbance payment to cover the cost of moving. The current statutory home loss payment is 10% of the market value of the property subject to a minimum of £6400 and a maximum of £64,000. These figures are set by the Government and are subject to review from time to time. The offer will clearly state the value of your property, the additional money you are entitled to that will include your legal fees.
If you have lived in your property for at least the last twelve months as your principal home, you will be eligible to swap your property for a new property on the development. The value of the properties on the new development will be higher than the value of your current property. Therefore you will own a share of the new property equal to the value of your current home and Swan will retain the rest. So that you are not disadvantaged you will not pay rent on Swan’s share and can continue to live in your property with the share that you own. You will be able to choose whether you keep your Home Loss payment or use it to buy a bigger share of the new property.
Should you ever decide to sell your property, Swan will be given first refusal to buy your share.
Swan staff will help guide you through the process but we will also pay your solicitor’s reasonable fees. We cannot give financial advice but we can discuss your personal circumstances, how they may affect your ability to buy another property and what we can do to help.
As a non-resident homeowner you can sell your property to Swan and purchase another investment property elsewhere. You will be entitled to a loss payment and the reasonable re-investment costs incurred in buying another property. Non-resident leaseholders are entitled to a basic loss payment of 7.5% of the market value, subject to a maximum of £75000. These figures are set by the Government and are subject to review from time to time.