Only the Candy brothers could get away with flogging the most expensive “affordable” housing scheme in London and end up with a queue of buyers.
The deal that got Nick and Christian Candy the planning permission to create multimillion-pound flats at One Hyde Park was the pledge to build Peel House, their social housing element at a Victorian former police training centre in Pimlico.
There are 14 one-bedroom homes being sold on a part-buy, part-rent basis and another 52 flats and four town houses which will be available for social rent. Buyers will need to pay a minimum of £1,190.29 a month to own a quarter share of one of the cheapest one-bedroom flats. Nonetheless some 400 people have asked to view.
These homes, while not covered in Candy bling, were built by Project Grande (Guernsey), a joint venture between Christian Candy’s CPC group and the prime minister of Qatar. Flats at Peel House have been independently valued at between £309,000 and £323,000. A quarter share of one of the dearest will cost £1,240.38 a month.
Prospective residents will need to earn more than £37,000 and less than £50,000 and be registered with Westminster council’s housing department. Priority is likely to go to those who have been waiting longest and live or work in the borough.
For information on Peel House, visit octaviahousing.org.uk.