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01/02/2019

Appeal: ‘Crossrail effect’ does not justify zero% affordable housing

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The developer behind plans for a 25-storey tower in Ilford cannot ‘put off' a review of its affordable housing contribution until Crossrail has increased house prices in the area, an inspector has ruled.

The appellant argued that there was scope for “substantial growth of up to 30 per cent” in the sales value of the proposed flats because of the approaching opening of Crossrail, which will stop at nearby Ilford Station. While the development would result in a deficit of £9.24 million at current prices, it continued, the ‘Crossrail effect’ could enable it to generate a surplus and provide .....Sign Up or Login to read full article
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