Fewer than 100 affordable or shared homes in 705-unit Tesco Tolworth plans

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Surbiton.com: April 20, 2015 - 4:00am

Fewer than 100 of the 705 new homes Tesco proposes to build in Tolworth will be earmarked for affordable rent or shared ownership.

That works out at about 13 per cent – well short of Kingston Council’s target of 50 per cent for large developments. Of those homes, the tenure split will be roughly two-thirds affordable rent to one-third shared ownership. Documents submitted by Spenhill, Tesco’s development arm, said it was “not financially viable for the scheme to provide the council’s full 50 per cent affordable housing target”.

Last week Green Party election candidate Clare Keogh raised concerns over the amount of affordable homes in Kingston. Kingston Council’s viability assessors are yet to confirm the final figures. Spenhill believes other aspects of its offer, including the extension of the 281 bus route, will help mitigate the percentage gap.

The breakdown

Of 269 one-bedroom units, 34 affordable
Of 295 two-bedroom units, 45 affordable
Of 139 three-bedroom units, 12 affordable
Of two four-bedroom units, two affordable
TOTAL: 705 homes, of which 93 affordable

http://www.surreycomet.co.uk/news/12896198.Fewer_than_100_affordable_or_shared_h...

SurreyComet.co.uk

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