Over the next 10 years, the house builder will replace post-war council housing in parts of the 17-acre Alton estate in Roehampton, as well building a library, health centre and children’s centre.

The council and Redrow will now devise a demolition and construction schedule prior to undertaking public consultation on detailed designs and applying for planning permission.

To enable those in later stages to move straight into their newly-built homes, the site of Sherwood Lodge, off Bessborough Road, will be redeveloped to rehouse residents in the regeneration’s first phase.

John Tutte, chief executive officer at Redrow, said: “This is the first step in what will be a long, but rewarding journey for everyone connected to the Roehampton community.

“Having worked on a number of regeneration projects of this scale in the past, including with Manchester City Council, Plymouth City Council and the Homes and Communities Agency, we fully understand the importance of placing local people at the heart of the process, which includes providing employment and apprenticeship opportunities to the local area.”

New lower rise homes will be built around existing tower blocks