Affordable house: Yours for £270,000

August 11, 2010 | by | 0 Comments

Homebuyers were stunned after an ”affordable” house went on the market – for £270,000.

The three-bedroom property in Perranwell Station near Truro in Cornwall is being sold by Ocean Housing, a registered social housing landlord.

To buy a 25 per cent stake in the home through its shared ownership scheme a buyer would need to stump up the large deposit and #600 a month.

Campaigners for affordable housing slammed the cost of the newly built home and said few people would have the means to buy it.

Kate Tregunna, a founding member of Affordable Homes in Cornwall, said a limit should be imposed on what is ”affordable”.

She said: ”Wages in Cornwall are 17.5 per cent below the national average. There are few people that could afford to buy a £270,000 home.”

A spokesman for Ocean Housing said it has since reduced the asking price by £40,000 to give local people a better chance of buying the property.


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