Plans to build new homes and retail space in “dilapidated” streets in New Barnet went on display this week.

Spen Hill Developments Ltd, a subsidiary of Tesco, want to build a mews development on the former Optex site in Victoria Road, two four-bedroom homes further along the same road and a residential building with retail space on the ground floor in East Barnet Road.

More than 300 people turned out to see the exhibition held in the Salvation Army hall in Albert Road.

Harold Williams who has lived in Monks Avenue for 25 years is among a number of residents who think the plans will rejuvenate New Barnet.

He said: “I think the plans will help to improve the area and hopefully they’ll be a catalyst for more change. At the moment it’s quite a sad and rundown place.”

All 31 homes have been designed by Briffa Phillips architects who have incorporated at least one car parking space for each property.

Owners of the Builders Arms in Albert Road, Elizabeth Brennan and James McLaughlin believe the plans will have a positive impact on trade.

Mr McLaughlin said: “Some businesses are closing at a fast rate – it’s a difficult time for everyone. But something like this would be good for business and that can only be a really good thing.

“The area is a bit grim and dilapidated at the moment. In what’s known as New Barnet high street there’s nothing but greasy cafes and charity shops. These plans could regenerate the area and make it better.”

Mark Witham of Spen Hill said: “We will now review all the comments we’ve received and see if there are any improvements we can bring into the project as a result.”

Spen Hill aims to submit all three planning applications to the council in early February and hopes to secure a decision in May.