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FRED DONE’S SALFORD BLOCKS COST UP TO £300,000 FOR ONE BED FLAT
 

Star date: 31st August 2018

BLACKFRIARS AND CRESCENT APARTMENTS TOTALLY UNAFFORDABLE FOR SALFORD PEOPLE

The Salford Star has obtained a price list for Fred Done's blocks of flats at Blackfriars and the Crescent, with one bedroom apartments costing up to £300,000, two bedrooms up to £400,000, and three bedroom townhouses up to £475,000, plus extra for a parking space.

The Blackfriars development avoided over £1.2million in planning fees while getting subsidised with a public money loan of £22.5million; the Crescent development avoided £1.9million in fees.

Full details here...


Fred Done Crescent blocks Fred Done
click image to enlarge

The sales hype to prospective buyers on Fred Done's Crescent website promises "The opportunity to live without compromise"...

...Having seen the price list for both the Crescent blocks and the Blackfriars blocks there is definitely 'the opportunity to live without compromise'...of bumping into anyone from Salford...

The Blackfriars 'local' development of 380 apartments and townhouses in two huge ugly blocks on the corner of Trinity Way have prices ranging from £199,000 to £265,000 for a one bedroom flat; between £253,000 and £400,000 for a two bed and three bed townhouses up to £475,000.

A car parking space is extra, there's £350 a year ground rent and service charges of £2.60 per square foot per year (flats range between 475sq ft and 726sq ft). The sales company boast that the properties are 52% sold already.

When the Blackfriars block got planning permission, Fred Done's FICM company avoided £1,283,970 in planning fees plus the provision of 76 affordable properties, with the Salford City Council planning officer agreeing with the District Valuer that "the provision of Section 106 and/or affordable housing contributions would render the scheme unviable and therefore cannot be sought in this case."*

Transport for Greater Manchester wanted two new bus stops "to improve the public transport accessibility of the site" – but Done wouldn't even provide these as it would make the scheme 'unviable'.

Once planning permission was approved, the Greater Manchester Combined Authority (GMCA) provided cheap loans of £22.5million of public money*, and the properties were subsequently marketed to Hong Kong investors.*

When interviewed about the plans for Blackfriars, FICM director, Simon Ismail, said: "Trinity is the heart of the original Salford, it is where we are all from and we all feel a sense of responsibility to create something very special that we can be proud of. This will be Fred's legacy."

At least Salford Council inserted a 'clawback' agreement in the Blackfriars planning agreement, so there's a chance of getting something back to the city from this development...unlike at the Crescent, where historic pub, the Black Horse, was demolished in order to build 399 properties in the 'conservation area', and Done avoided an estimated £1.9million in planning fees with no clawback in place.

Here, prices range from £170,000 to £300,000 for a one bedroom flat; £250,000 to £350,000 for a two bed; and over £400,000 for a three bed townhouse. Again, a car parking space is extra, ground rent is £350 per year and service charges are set at £2.70 per square foot.

When the Crescent development received planning permission, FICM's rep told the panel "We're Salfordians, we're trying to bring the Crescent back to life...We're lucky that we've got Fred Done who is willing to invest his capital..."

...Unlike most Salfordians themselves who won't be able to afford buying one of these places – the last official Salford Council figures available, from 2015, showed that over half of households in the city have an income of less than £25,000 per year.** On the standard house price to income 3.5 ratio, a household would have to pull in around £80,000 a year to buy a Fred Done property, or over £40,000 a year to rent one...

...Meanwhile, this year's Sunday Times Rich List shows that Fred and Peter Done's wealth rose by £20million, to £1.35billion...


* See related Salford Star articles for a full background...

Salford Council To Lose Another £1million Developer Fees at Blackfriar Pub – click here

Fred Done gets £22.5million GM Loan – click here

Fed Done £22million Publicly Subsidised Flats Marketed to Hong Kong Investors – click here

Fred Done Seeks To Demolish Black Horse Pub in Incredible Planning Application – click here

Councillors Vote To Demolish Black Horse Pub – click here

Fred Done Wins Feed The Rich award – click here

Fred Done's Wealth Rises by £20million – click here

**Salford Council Figures Show Half of Salford People Can't Even Afford To Buy A Low Cost House – click here

Mary ferrer wrote
at 16:50:45 on 03 September 2018
We,the voters of Salford have brought this upon ourselves. Some,not all thank god vote this council in again and again.They have no opposition what so ever. Our planners pass what they want with little on no challenge. Get used to it. It won't get any better, till we the voters of Salford do something
 
Bob the regular wrote
at 21:06:15 on 02 September 2018
Alice says these blocks of flats are ugly and seems to suggest its because of capitalist greed. I agree that perhaps they could be better looking (some of them at least) but I do not put it down to capitalist greed, just bad design. An ugly building costs just as much to build as a good looking one. In fact some of the most ugly and shoddy buildings were built by well intentioned socialist councils and housing groups. There are of course exceptions to this, notably social housing schemes for workers built by Quaker buisnessmen (who were capitalists like Rowntree ,fry , Cadbury and peabody).
 
Bob the regular wrote
at 07:06:59 on 02 September 2018
This is not a tale of two cities. It is two tales of one city. A tale of the young better off who are moving in, bolstered perhaps by wealth from parents or grandparents, and the young poor of our city, many saddled with a debt from a higher education which seems to have given them no financial advantage. I bet 90% of both groups vote labour, for this supposed better future. The vast majority of them are good kids, hard working, trying their best, far far less rebellious to authority than I was at their ages. I feel sorry for them all. both groups are getting ripped off. The government and the council have failed them both.
 
TSK27M wrote
at 18:03:27 on 01 September 2018
Why the racist comment about Ismail? Do our parents have to have been born here?
 
Not forgot wrote
at 18:02:50 on 01 September 2018
Wrote brings up the top and bottom streets,as do other readers from time to time. Before long, something will happen, they will not get away with it. This is going to come back to bite their arses.
 
Concerned wrote
at 17:36:25 on 31 August 2018
Mr ismail has Turkish/ Greek parents how does this make him a salfordian
 
Alice wrote
at 15:19:43 on 31 August 2018
How can anyone say these ugly blocks are anything but UGLY. They are a symbol of capitalist greed. How can this Council continue to support such monstrosities and ignore the needs of people who want a home they can afford and which will allow them to bring up a family, in an healthy environment. These apartments are like pigeon lofts, with no space to really live, just simply roost for the night before their residents leave for another day gathering their crumbs in the city. Is there any Councillor who objects? If so please comment in the Star and give us hope!
 
wrote
at 15:19:37 on 31 August 2018
When the council were compulsory purchasing the Top and Bottom Streets in Higher Broughton--they paid between £10,000 and £30,000 for a lot of the houses. Are you telling me that a flat is worth 10 times a 2 or 3 bedroom house? It really does look like the social cleansing of Salford has ben taking place for a number of years. What is the better that the social houseing flats that are supposed to have the cladding removed get demolished as it will not be viable to remove the cladding?
 
Gareth L wrote
at 10:59:16 on 31 August 2018
When's the Mayor moving in to free up his social housing. It's disgusting that these people are getting public money/reduced loans/not paying 106 money and yet they are charging a kings ransom. Salford Councils plan to kill off the real Salford people and replace them with middle class champange socialists is working well.
 
Retired Socialist wrote
at 10:58:57 on 31 August 2018
The Last bus stop into Manchester, Sites in central Manchester are prime so lets take the next step and build in the outskirts and still call it Manchester, run rings around the council plead the project is not a viable option if Social properties where tied in to the project, and all the while the developers cream the profits and Salford gets bugger all. How long can this go on while across the city the plebs are living in fire traps?
 
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