PLEBS need not apply for homes on a new Sutton Courtenay estate, according to a poster protesting about high house prices in the area.

Neighbours in Milton Road found a mocked-up warning sign had been taped to a telegraph pole near the 64-home Asquith Park estate being built by Redrow Homes.

The sign, which shows a man holding his hand out in a stop gesture behind a red line, says: “Stop!

“Non-affordable house. The new development in this area operates a strict no pleb house price policy.”

Redrow Homes got planning permission to build the 64-home development of three- bed and five-bed properties in Milton Road, in March last year. It is one of three new estates being built between Sutton Courtenay and Milton.

According to property website rightmove, a five-bedroom home at Asquith Park costs between £584,950 and £607,950, while a four-bedroom house costs £529,950.

Milton Road resident Lesley Clements, 68, said that when she went round one of the homes she was told the asking price was £600,000. She said: “I thought, ‘my goodness’. It is an awful lot.”

She said existing residents, who are concerned about the impact the new development will have on the existing sewerage system, had no idea who had put the sign up.

She added: “It just appeared overnight. We think it’s about affordable housing. It’s hilarious, really quite funny, but very true.

“Everyone appreciates how expensive the homes are.”

Plans submitted for Asquith Park state that 25 of the homes will be classed as affordable housing for people unable to rent or buy a house suitable for their needs on the open market.

Redrow spokeswoman Rachael Bruce said six of the affordable homes will be shared ownership and 19 to rent.

She added: “The majority of these homes fall under the £600,000 threshold for Help to Buy. Plus, those who purchase in this way should only need a relatively small deposit of around five per cent.”