Camden Council Approves 312-Home Tower Near Town Centre

Camden Council granted planning permission on 8 July for a 22-storey tower at 45-51 Eversholt Street that includes 312 flats and 4,200 square metres of retail and office space.

The decision comes as the borough faces a shortfall of 1,800 homes against its five-year target set in the 2023 Local Plan. Officers noted that the scheme meets 40 per cent affordable housing through a mix of social rent and shared-ownership units, a threshold that has triggered fast-track approval under the council’s updated viability protocol.

The site sits 400 metres south of Mornington Crescent tube station and directly opposite the northern edge of Camden Market. Planners also required the developer to contribute £2.8 million toward upgrades at the nearby St Pancras Old Church community hall and to fund a new cycle lane along the southern section of Eversholt Street linking to Regent’s Canal towpath.

Scale and delivery timeline

The project, valued at £187 million, will be built by a joint venture between Clarion Housing and a private equity fund. Construction is scheduled to begin in March 2027 with first completions due in late 2029. Average sale prices are projected at £785,000 for the market-rate units, while the 125 affordable homes will be capped at 60 per cent of market value under the council’s intermediate housing register.

Next steps for residents and buyers

Interested buyers can register interest through the council’s housing portal from August. Local traders on adjacent Drummond Street have been invited to a consultation on 22 July at the Roundhouse to discuss construction traffic routes and potential pop-up retail space during the build. The developer must submit a final construction management plan by October before any demolition work starts.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.