Below is something that was sent to our website earlier today. This echoes the views on rent increases by nearly every tenant on Cumberland Market and on other ex-Crown Estate properties.
I just a had a rent increase of 9%, so my rent has gone from £937 per month for a two bedroom flat (Windsor House) to £1,021 per month an extra £84 pounds per month that I have to find. my salary went up 2% and I have to find an extra £1,008 per year. I have been told the ceiling is approx £1,200 per month, so it will keep increasing every year by 7%>9% max. how I am suppose to afford this? and Peabody will just do another postcode market rent survey when every they feel like – so the ceiling level will just keep increasing!.
Also the quality inside the property and outside for that matter is not market quality by a long shot, the estate is run down and the council estates in the same area (Cumberland market) are actually in better condition. Not that matters to Peabody and their maintenance company ‘Axis’ who provide a less than satisfactory service (that is being kind too).
Such a shame we were all sold out by the Crown Estate so they could maximize their profit and developmental of Regent Street,
I hear comments about the Regency properties (what Peabody calls the former Crown Estate) are not profitable! is that our fault?, maybe it’s something to do with the current housing management that were left over from the Crown Estate Sale?
Oh well guess I will be moving out of the area I have lived in for the last 26 years soon – thanks Peabody!