Bude’s Planning Committee feels that Bude-Stratton is in the midst of a housing emergency. It is not wrong.
This huge disparity between income and the cost of housing makes it almost impossible for our local residents to access affordable housing on local incomes.
As an example, we have seen very recently that new 3-bed town houses being built town centre on the ‘Travelodge’ site, near the Co-Op, are nearly half a million pounds each.
Right Move mentions that:
Properties in Bude had an overall average price of £378,275 over the last year.
The majority of sales in Bude during the last year were detached properties, selling for an average price of £470,634. Semi-detached properties sold for an average of £347,538, with terraced properties fetching £254,225.
Overall, sold prices in Bude over the last year were 31% up on the previous year and 35% up on the 2016 peak of £279,585.
For first time buyers especially, this is surely off the scale of affordability, which must prompt young people and young families to leave Bude to live/work elsewhere.
Meanwhile, Payscale.com says:
The average salary in Bude, England: Cornwall is £25k. Trends in wages decreased by -100.0 percent in Q1 2021. The cost of living in Bude, England: Cornwall is 100 percent higher than the national average. The most popular occupations in Bude, England: Cornwall are Training Manager, Paralegal, and Administrative / Office Manager which pay between £17k and £45k per year. The most popular employer in Bude, England: Cornwall is Cornwall County Council.
There are many people in seasonal employment and self-employed people who earn far less than this, of course. The bias in those figures is towards managerial work, so my gut feeling is that this is on the high side.
The Planning Committee says:
We are taking steps to get this issue in front of Cornwall Council, The National Association of Local Councils and The Government.
We urge the Government to:1. Scrutinise the principles of Affordable Housing with a view to creating links to local earnings2. New homes must be prioritised for local need and occupancy3. Second Homes (not sure what they are asking for here?)a. To allow a multiplier of council tax which is passed to local communitiesb. Scrutiny of the principle of registering houses as businesses4. Additions to our housing stock should be delivered to high sustainable living standards and offered with secure and humane tenancy agreements
If this situation remains unchecked, we fear fracturing of our communities leading to long term social identity issues, workforce problems, loss of family support networks and empty homes bringing a loss of economic vitality and sustainability of our community.