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The thousands of tenants expected to move into Britain’s biggest ever “build-to-rent” housing scheme next to Wembley Stadium will save it from being blighted by the “lights-out” phenomenon, property bosses claimed today.

They revealed that close to 5,000 out of a total 7,000 apartments being built at the Wembley Park development will be for private and social rent.

James Saunders, chief operating officer at developer Quintain, said he expected at least 95 per cent of the homes to be occupied when they are completed.

That is a far higher proportion than most conventional “for sale” housing schemes in London, where large numbers of homes are snapped up by foreign investors and either kept empty for all or part of the year, or rented out as buy-to-lets.

Mr Saunders said: “People are struggling to get deposits together and the rental market is dominated by buy-to-let. It is time for a more professionally managed rental product.

“London desperately needs places for people to move into. This is a ‘lights-on’ development and we hope to create a buzzy atmosphere.” Wembley Park will be the biggest build-to-rent site in London, beating the 3,000 homes at East Village, Stratford.

Tenants living in the 4,874 private rented homes will pay about £1,600 to £2,000 monthly rent for a two- bedroom flat after handing over a typical deposit of £1,200 to £1,500. Service charges will be around £2 to £3 per square foot for access to shared facilities such as gyms and cinema rooms. In addition, just over 2,000 “affordable” homes will be available to buy, for discounted or social renting, or for shared ownership.

There will also be a new seven-acre public park, landscaped square, three-form-entry primary school, shops, restaurants and workspaces — and Quintain has pledged to upgrade the famed “Wembley Way” walk up to the stadium used by sports fans.

Mr Saunders said the scheme was designed to “take the hassle out of renting”. Private tenants will not pay agents’ fees or inventory fees, and utility bills and ultra-fast broadband are included in the rent.

He added that a row with the FA over fan safety and car parking had been resolved and “residents say they enjoy the buzz of major events — they don’t move to Wembley Park not knowing the stadium is there”.

Speaking about the first phase of the development, Muhammed Butt, Labour leader of Brent council, said: “To have 3,000 new homes under construction in one location this year shows just how in demand Wembley Park is as a place to live and it is comforting to know that with professional management in place, we won’t have a single rogue landlord.”

Half of the “build-to-rent” Perfume Factory scheme in Acton has been sold to Imperial College for £30 million. It plans to build student accommodation for about 700 on its share of the site near the Old Oak regeneration zone being developed by Essential Living.