The Wisley Action Group (WAG) has claimed that the minimum price of ‘affordable homes’ within the proposed ‘new town’ at Wisley would be “an incredible” £250,000
WAG understands that this would represent a 20% government subsidy on a market price of just over £300,000.
WAG also understands that Michael Murray, acting for Wisley Property Investments Ltd (WPIL), has told Ockham Parish Council that some 40% of the 2,000-plus residences planned on green belt land at Three Farms Meadows, the former Wisley airfield, will be in the £250,000 bracket.
WAG reports that Mr Murray told an informal meeting recently: “We have looked at starter homes. We think that the 20% discount from open market won’t get to the cap for outside London. The cap for outside London is a quarter of a million pounds so we think that is fine for the one- or two-bedroom need. That is very clearly where Guildford’s needs sit.”
Mr Murray confirmed that WIPL planned up to 800 “affordable units”.