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CD5.38 Affordable Housing Financial Viability Assessment

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CD5.38 Affordable Housing Financial Viability Assessment Table 12 shows the methods of transport to work In recent years there has been an increase in for residents of Esher Ward, Elmbridge Borough flexible working practises such as working from and the whole South East. home on a semi permanent basis. Despite this we still found that 85.8% of Residents within Esher still Table 13 provides us with the percentage of commute to work, meaning that proximity to work residents from Elmbridge Borough travelling to still remains a key condition for buyers. certain locations, from the last census data. The second largest group of commuters In 2011 the majority of residents of Elmbridge accounting for 36.1% of the working population lived and worked in the region. They accounted were commuting to Greater London, followed for 31,052 of the 64,181 residents, equivalent to by Guildford and Spelthorne at 3.2% and 3.1% 48.4%. respectively. Residents’ Method of Travel to Work 2011 Esher Elmbridge South East Driving a car or van 46.4% 52.2% 60.7% Underground, metro, light rail, tram, train 25.7% 21.8% 7.7% Work mainly at or from home 14.2% 9.7% 6.6% On foot 4.8% 6.2% 10.8% Bicycle 2.7% 3.2% 3.0% Passenger in a car or van 2.1% 2.6% 4.7% Bus, minibus or coach 1.6% 2.1% 4.5% Other method of travel to work 1.3% 0.7% 0.7% Motorcycle, scooter or moped 1.0% 1.2% 0.9% Taxi 0.2% 0.3% 0.4% Total 100% 100% 100% Table 12, Source: ONS 2011 Census 20 | When we look at Esher, Elmbridge and the South From the commuting figures it is clear that East as a whole the preferred method of transport access to parking, good road networks and close in 2011 was driving at 46.4%, 52.2% and 60.7% proximity to train stations are all key factors to respectively. buyers in the region. We find that those who work mainly from home will on days travel to work and We find in Esher that the second most popular will mostly do this by train or car depending on method of transport is by train accounting for their final location. 25.7% of commuters, with 14.2% of residents working from home, both of these being above Esher has excellent transport links to London with the South East average. Waterloo just 23 minutes by train and access to the South East via it’s road networks, the employment prospects are strong in the area. Elmbridge Residents’ Outward Commuting Flow 2011 Elmbridge Percentage of Commuters 1 Elmbridge 31,052 48.4% 2 Greater London 23,166 36.1% 3 Guildford 2,032 3.2% 4 Spelthorne 1,987 3.1% 5 Mole Valley 1,471 2.3% 6 Woking 716 1.1% 7 Canterbury 640 1.0% 8 Other 3,117 4.9% Total 64,181 100% Table 13, Source: ONS, Annual Population Survey Commuter Flows, 2011 | 21 Local Facilities and Amenities Transport Connections Esher is situated favourably to provide access to a number of popular locations via the road network. The M25, M3 & A3 are easily accessible from the site which enables connectivity to numerous locations including Central London, the Home Counties, airports & further national motorway network. Figure 8: Esher train station To London Waterloo - 23 mins Esher train station is operated by South Western LONDON GUILDFORD 19 MILES Railway and is located under a mile away from the 15 MILES centre of Sandown Park, being easily accessible to TWICKENHAM CROYDON 7 MILES future residents. There are 2 platforms in current 16 MILES use with trains running between London Waterloo and Woking. The train to London Waterloo runs very frequently at peak times and takes just 23 minutes, making Esher a popular commuter town. Other stations along this line include Surbiton, West Byfleet, Weybridge, Walton-on-Thames & Hersham. To Heathrow by car - 29 mins Heathrow Airport is located 10.8 miles from the development via the A224. Gatwick Airport is located 26.5 miles from the To Gatwick by car - 40 mins development via the M25 and M23. 22 | Recreation and Shopping Facilities Esher has a well established and vibrant High Street with a number of restaurants & shopping facilities available to residents and others who visit the area. Popular well-known restaurants along the High Street include names such as Cote Brasserie, Figure 10: Cote Brasserie, Esher High Street Giggling Squid, Pizza Express & Zizzi. European restaurant, just to name a few. Esher has an abundance of other restaurants offering a variety of world cuisine. There are also a number of cafes along the High Street including brands such as Cafe Nero, Cafe Rouge and Costa, along with some independent outlets such G!ro Cycles, appealing to the ever Figure 9: Seven Bluebirds, Esher High Street growing ‘coffee culture’. Esher is privileged to offer a number of well regarded independent or smaller chain restaurants. These include outlets such as ‘Siam Food’ offering a Thai cuisine, ‘Layla’ and the ‘Lebanon’ both offering Lebanese cuisine, ‘La Orient’ and ‘The Good Earth’ both high end Chinese cuisine outlets, ‘Red Peppers’ an Italian restaurant and ‘Seven Bluebirds’ a modern Figure 11: G!ro Cycles Cafe, Esher High Street | 23 Along the vibrant High Street are further shopping facilities including pubs, bars, banks, pharmacies, a 2.7 miles post office, hairdressers, clothing outlets and many other general shops. Esher has an abundance of car parks to handle people visiting for the array of shopping & eatery 2.4 miles facilities, with over 450 spaces available. (The Civic Centre Car Park - 157 spaces, Highwaysman Cottage Car Park - 68 spaces, Claremont Lane Car 0.6 miles Park - 46 Spaces, Heather Place Car Park - 29 spaces & Waitrose Car Park - 150 spaces). There is also further parking available on the High Street and at Esher train station which can cater for 273 cars. 2.6 miles The site is also well positioned to a range of larger supermarkets in the local area, most notably the Waitrose along Esher High Street. Their proximity that will appeal to residents. These include ‘The to the site is illustrated on the right. Bentall Centre’, ‘Eden Walk’ and ‘John Lewis’ in Kingston, and ‘The Ashley Centre’ in Epsom, just to Esher is located a short distance from Kingston name a few. Central & Outer London is also only a Upon Thames (5.7 miles) and Epsom (7.7 miles) short commute from the development for further which offer a wider range of shops & restaurants shopping facilities. Esher is host to a range local sports clubs including a football, rugby, cricket and a tennis club. Esher Lawn Tennis Club, located 1.0 mile from the development, is a historic club which started in 1898 and offers 3 grass courts, 4 hard courts and 3 artificial clay courts to its members. Figure 12: Waitrose, Esher High Street 24 | For the rugby fan, professional rugby teams Esher Rugby Union Club, which play in National League 1, and the Elmbridge Eagles Rugby League Club are located just 2.7 miles and 1.3 miles respectively from the development. Esher Cricket Club has been part of the community since 1863 and caters for all abilities. The club Figure 14: Luxury Everyman Cinema being only 0.7 miles from the development. Luxury cinema chain company ‘Everyman Cinema’ Esher Football Club aimed at ages 7 to 16 describes is located along Esher High Street. It offers a finer itself as “one of Surrey’s finest sports clubs with a viewing experience and benefits include premium number of F.A qualified coaches.” comfy sofas and tables, alcoholic beverages and finer food whilst watching an array of mainstream, classic and independent films. Sandown Park Race Course, one of the main venues of the town, is host to number of horse racing events throughout the calender year. In addition to this the venue also hosts a number of concerts, live shows and other performances Figure 13: Esher Lawn Tennis Club which attract nationwide visitors. An abundance of well-renowned local golf clubs Located only 4.5 miles from the development is are located near to the development, most notably the well renowned theme park ‘Chessington World Sandown Park which parts of the proposed of Adventures’, which now incorporates a zoo and development will directly overlook. Other local sea life centre along with it’s famous thrill rides. courses include Hersham Golf Club, Moore Place Golf Club, Surbiton Golf Club and the popular Burhill Golf Club which are located just 1.4 miles, 0.8 miles, 3.9 miles and 4.1 miles away respectively. | 25 Local Schools One key attraction to the area is the quality of local For further education, Esher Sixth Form College schools. Listed below are the local primary and is is located just 1.3 miles away and Kingston secondary schools closest to the site along with University 3.3 miles away. Both received an their most recent Ofsted rating. ‘Outstanding’ Ofsted rating in the last inspections. Primary Schools Name and Type Age Range Pupils Ofsted Rating Subscription 2017 Distance (miles) Milbourne Lodge School 4 - 13 274 Good Oversubscribed 0.9 (Independent) Weston Green Preparatory 3 - 11 191 Good Not Oversubscribed 1.0 School (Independent) Burhill Primary School 3 - 11 641 Good Oversubscribed 1.6 (State) Bell Farm Primary School 4 - 11 531 Good Not oversubscribed 1.6 (State) Walton Oak Primary School 3 - 11 476 Good Not oversubscribed 1.8 (State) Table 14 Secondary Schools Name and Type Age Range Pupils Ofsted Rating Subscription 2017 Distance (miles) Kisimul School 8 - 19 62 Good Not Oversubscribed 1.9 (Independent) Hampton Court House 3 - 18 254 Good Not Oversubscribed 2.5 (Independent) The Hollyfield School & Sixth 11 - 18 1,048 Good Not Oversubscribed 3.2 Form (Academy) St Paul’s Catholic College 11 - 18 1,108 Outstanding Oversubscribed 3.5 (State) Tolworth Girls’ School & 11 - 18 1,238 Outstanding Not Oversubscribed 3.5 Sixth From (Academy) Table 15 26 | Market Overview and Trends Average House Prices -2.8% 1.5% 2.5% ELMBRIDGE SOUTH EAST ENGLAND Average House Prices Percentage Increase - October 2017 to October 2018 The housing market in England over the past In the year up to October 2018 average house year has been very mixed, starting with the snap prices decreased in the majority of surrounding general election in June 2017 and continuing with areas which included Woking (-2.4%), Kingston ongoing uncertainty in the market due to the Upon Thames (-2.2%), Mole Valley (-1.5%), BREXIT negotiations.
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