For Madison Brook, delivering market-leading property services is not limited to sales, lettings and management.
In 2018, Madison Brook Homes was created to directly address the shortage of decent homes in the UK’s social and affordable housing sectors. With over 1.4M households on waiting lists for social housing, and annual house-building delivery failing to match population growth, the UK’s housing problem is structural – and it is worsening.
In London alone over 52,000 households are currently housed in Temporary Accommodation (TA). This includes over 120,000 children (up from 87,000 in 2014). This is housing arranged by Local Authorities (or London Boroughs) to house some of the UK’s most disadvantaged young families, until permanent solutions can be arranged. Alarmingly, over 74% of families housed this way have been in TA for over a year, and cases of families in TA for over 5 years are commonplace; often outside of their original (home) borough and away from their families and friends.
To help address this problem, MBH is now partnered with a number of London Boroughs and Local Authorities to supply well-located, decent quality residential properties – in scale.
Specifically, in West London, MBH is partnered with Lampton 360 to acquire, refurbish, let and manage homes on behalf of the London Borough of Hounslow. In East London, MBH is sourcing properties for Local Space on behalf of the London Borough of Newham. In total we have sourced over 400 properties in the last 12 months.
Our aim is to provide well-located properties that are refurbished to a very high standard and well managed to ensure standards remain high. We believe that tenants in social and affordable housing deserve the same treatment and standards as their private sector peers.
To supplement our sourcing of existing residential properties, we are also launching Madison Brook Modular – to deliver quick, comfortable and highly flexible homes for Councils most in need of turnkey housing solutions. More on this in due course.