Peabody gets go-ahead for nearly 2,000 homes at south London regeneration scheme

The housing association said that it is committed to keeping the community together and that the earlier phases of regeneration provided opportunities to rehouse families who want to stay living in the area.

Phase one, which includes 534 homes (55% affordable), is due to complete next month. Around 72 households have already been rehoused into phase one and a further 109 families are expected to move by the end of the year.

Phase two will provide another 29 new homes, of which 42% will be affordable. Peabody submitted a detailed planning application for this phase to Bexley Council earlier in 2022, with a view to starting in 2023 subject to planning approval.

Matthew Foulis, project director for Thamesmead at Peabody, said: “As well as benefiting from new, high-quality, energy-efficient homes close to the Elizabeth line, residents can also look forward to new facilities and more attractive, welcoming and accessible open spaces on their doorstep.”

Teresa O’Neill, leader of Bexley Council, said that the area had received a boost from the start of services on the Elizabeth line, and that the prospect of large numbers of new homes, commercial space and community facilities would be welcomed by existing and new residents.

The regeneration of South Thamesmead is part of Peabody’s plan to improve the whole Thamesmead area over the longer term.