Council parts with flats for nominal sum of £1
The Herald|September 15, 2023
CORNWALL Council has agreed to sell historic Grade II listed flats which are worth £640,000 for just £1.
LEE TREWHELA
Council parts with flats for nominal sum of £1

The aim is to ensure affordable homes stay in the centre of a Cornish town.

On Wednesday, the council’s cabinet approved a recommendation to release the 11 Looe Coastguard Flats to a community land trust for the nominal fee, as the maintenance of the building is too costly for the council.

An appraisal was carried out by Cornwall Housing in 2021 which concluded that the refurbishment of the building on Looe’s North Road was financially unviable and consequently the property, which was previously four houses, was declared surplus to the council’s needs.

This story is from the September 15, 2023 edition of The Herald.

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This story is from the September 15, 2023 edition of The Herald.

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