An ‘affordable’ one-bedroom flat in Charlton? Just £216,000…

Fairview New Homes mailout
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.

6 thoughts on “An ‘affordable’ one-bedroom flat in Charlton? Just £216,000…

  1. maryorelse March 18, 2014 / 10:03

    It wasn’t a light bulb factory – who said it was??? Johnson and Phillips made some very very large electrical components as well as cables and other stuff.
    – the Council actually threw this out three times as the site was thought unsuitable for housing but the Inspectorate said it was wrong, the site was ok (and then went back to Bristol)

  2. Dave March 18, 2014 / 11:36

    Neat sidestep there Mary , you managed to avoid the main thrust of the post about ” affordable housing “

  3. maryorelse March 18, 2014 / 12:02

    It wasn’t deliberate – clearly its an outrageous price for anyone in an ordinary, but useful, job

  4. Chris March 18, 2014 / 14:19

    Blimey Dave, Mary is, amongst her many guises, one of our most respected local historians! I don’t think Darryl is going to mind one bit about her clarification.
    Anyway, that 216 grand doesn’t even buy you the whole flat!
    How very sad. My 21 year old son can’t even afford to rent.

  5. Hayley March 18, 2014 / 18:34

    Out of my price range. They also omit their leasehold charges. In Woolwich they can go up to £200 per month! Utterly depressing that most can’t afford to live where they grew up. £216,000 is by no means ‘affordable’, at least not to most people unless you have a substantial deposit.

  6. Minnie March 25, 2014 / 14:25

    When I moved into Fairthorn Road in 1978 (paid £10,000 for my house there! I thought that was a veritable fortune!), the building at the top of the road had Thorn Lighting on it, so I always assumed they manufactured strip lights/bulbs.

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