The average cost of the 45 former Council flats bought
back by the Council is £419,000 with a further average cost of £36,000 in
refurbishing the flats, giving a total cost of £20,445,000 – an average of
£454,000 per flat. Labour Councillors say that many of the 45 flats sold by the
Council would have been originally sold to their former Council tenant owners
for less than £100,000 when taking in to account the discounts available under
the Right to Buy. This latest news comes days after Westminster City Council
revealed that it had bought 25 properties in Gray’s, Essex for over £3.6
million as temporary accommodation for homeless families. Read more on the labourwestminster website.
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