EXCLUSIVE: Cornwall Council confirms it spent more on building houses than it was able to get by selling them

Posted By on 21st November 2019

By Rashleigh MacFarlane Cornwall Council has admitted that the cost of its centre-piece house-building programme has exceeded the value of building the properties at Bodmin and Tolvaddon. The ultimate winners…

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  1. The loss on the “about” 110 houses transferred to Treveth is “about” £9,090 per property. It indicates that all the other properties that are being held or part held by Cornwall Council from these two sites have had substantial cost overruns. None of this bodes well for the “investment” of £600,000,000 in housing development planned by Cornwall Council. Far from reducing or holding Council tax rates down which is, supposedly, the objective, I foresee very substantial increases during the next five to ten years subject to Government legislative caps; in which case, Cornwall Council will be in the situation of bankruptcy.

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