The decision will allow the south London council to replace the 306 homes on Cressingham Gardens with a 464 new properties – a net gain of 158 new homes.

All existing council tenants would get a new home, at council rent levels, with a lifetime tenancy – meaning there would be no loss of social housing. Of the 158 extra homes, 47% would be affordable, including at least 27 extra family-sized homes at council rent.

Demolition work is not expected to get underway until 2018.

Cllr Matthew Bennett, Cabinet Member for Housing, said: “Rebuilding Cressingham Gardens will mean all homes on the estate will be rebuilt, with no loss of social housing.

“The proposal would provide a new home for each tenant, at council rent levels, with a lifetime tenancy and enough rooms to meet their needs.”

“It will also mean at least 158 extra homes, 47% of which will be affordable homes. It will mean at least 75 extra homes for rent for families on Lambeth’s waiting list of over 21,000 people, and it would mean at least 27 extra family-sized homes for council.”