Page last updated at 21:23 GMT, Tuesday, 23 March 2010

Cornish can build their own affordable home in Rock

Community Land Trust homes at Rock
The first development saw 12 homes built

Local people in an expensive area of Cornwall are being given the chance to build and own an affordable home.

In 2008, 12 local people in the Rock area helped build their homes on land donated by a farmer in a project run by the St Minver Community Land Trust.

Now eight bungalows to buy and four to rent have been planned for St Minver Lowlands on an adjoining site, the trust said.

Construction work is due to begin at the end of March.

Plots with planning permission have been sold at about £10,000 each.

Stay local

The Cornish surfing resort was the second most expensive place in England and Wales to buy a home by the sea in 2007, pricing many local people out of the market.

The trust, which is a registered charity, said the value of land and houses remained exceptionally high, but local farmer David Wills sold his land to it for a fraction of its market value to help ensure local people could afford to buy their own home and stay in the area.

Loans from Cornwall Council and labour provided by prospective owners helped keep the prices affordable, it said.

Alan Fox, of the umbrella organisation the Cornwall Community Land Trust, said: "In the new scheme, it's going to be a mixed tenure scheme.

"We've got got eight self-build bungalows and four houses for rent through the Cornwall Rural Housing Association."

A condition of buying also means the property will stay in local hands.

The trust can buy the houses back when people want to move on.



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SEE ALSO
Young 'forced out' of rural areas
04 Mar 10 |  England
'Urgent action' call for housing
09 Dec 09 |  Cornwall
Affordable homes hit by recession
10 Aug 09 |  Devon
High prices in South West resorts
26 May 08 |  Cornwall

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