I can’t help get the feeling that Saturday’s bound to be a heartbreaking day for home-hunters looking for a berth in the new flats going up at Fairthorn Road.
They go on sale on Saturday – with just 31 of the flats going on sale as “affordable” housing. Even then, that section of the development won’t exactly be within reach of many buyers, with one-bedroom flats starting from a stonking £216,000. Or, as developer Fairview New Homes calls it, “only £216,000″, according to an email sent out yesterday, with Fairview holding 20% in equity for 25 years.
Mind you, at least Fairview isn’t claiming the flats are in Greenwich, although they’re much closer to the muck and noise from the A102 than they are Victoria Way.
“Greenwich Council wish to prioritise the sale of these homes to households with incomes of less than £55,147 as of December 2013,” the small print says, adding that priority will go to residents from the five south-east London boroughs.
The development, on the site of an old light bulb factory, has had a troubled history, with a planning inspector approving the scheme in 2010 after Greenwich Council originally threw it out, partly on air quality grounds.