Invitation from DACLT

We invite you to a presentation of our final plans for affordable rented flats to be built on the old tennis courts, corner of West Walks and Bowling Alley Walk.

Join us on Wednesday 12th June 3pm -7pm at the Town Hall, Corn Exchange, Dorchester.

Why does Dorchester need affordable housing?

Dorchester is a fantastic place to live but it is becoming more difficulty for young people to afford to buy their own home.

Why is this and what can we do about it?

THE HOUSE PRICE v. AVERAGE EARNINGS GAP

  • Lowest available open market properties start at £150k, rapidly rising through £180k and beyond
  • Only 1% of properties in Dorchester (c. 100 properties) are shared ownership – everything else is open market or rented
  • Average Public Sector pay is £25k (DCC, WDDC, DCH, Schools), Private Sector probably lower
  • Typical mortgage multipliers + deposit require properties priced @ £90-£120k to be affordable
  • Consequently, under normal circumstances, young First Time Buyers find it very difficult to get onto the housing ladder in Dorchester

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