It seems that the hundreds of first-time property buyers promised affordable housing at the new Battersea Power Station complex are to be disappointed as the developers have announced the want to slash the originally offered 636 affordable homes to 386 in a bid to make up for lost profits.

It’s a blow to many as the originally the homes were earmarked by the Power Station Development Company for first-time buyers and renters unable to afford the usual sky-high prices asked for the new 4,239 luxury homes on the iconic power station site.

The development company maintains that the project may become financially unviable if it is forced to stick to its original 2011 promise to include the 636 affordable homes, saying it made the original plans when Battersea’s new-build housing market was booming and construction costs were lower.The new number accounts for one percent of the total housing with the outstanding 250 affordable homes possibly being offered as affordable after an end of scheme review.

Because the change has not been submitted as a new planning application but as a “deed of variation” to the existing planning consent, there has been no public consultation on the proposal – though “notices were put up around the site”.