[g jones]

I represent the Council on the private company that built these which is 66% owned (and run) by private entrepreneurs. There were extensive mining activities in the area from Scaitliffe Colliery and there was a deep shaft on site. The site was also contaminated so a lot of money and expertise went into survey's of the site.

The flats have proved very popular and a significant number of buyers want to buy them. The problem is the housing market itself which is on a big swing down, and these apartments particular where there is little like for like means the valuers have difficulty valuing for their lenders in a market where in general they are reluctant to lend 95% mortgages and on top, all property is being down valued 10-20%. It is an unusual situation as buyers want to pay the asking price (unusual at this moment), however lenders are walking away from the housing market unless their loan is totally secure against a down fall in the market.

As for the apartments. They are fabulous. The nearest comparison would be Lock Mill at Blackburn. Scaitcliffe is 10% cheaper, the same sized per unit on average, a better location (in town) with much better views (awesome views over the coppice) and a much better fit out/quality.

Prices starting £79,950. That one is on the 4th floor overlooking the coppice with 4 wall to floor windows to look out of. Very nice.

I think anyone who takes the opportunity to look around them (well worth it) on the Friday or Saturday openings would see how much quality has gone into them and would appreciate just how attractive they are. I am not sure if any small home is worth £100k but that's the going rate.

The new build is commercial premises, office's etc..