Only one of the controversial flats on Bakewell Road in Matlock – which are on the market for almost £140,000 – has been bought.
Affordable housing chiefs revealed that while all the flats available to rent have been filled only one of the shared ownership flats has been taken.
Dales Housing is now moving to rent out the block of flats at the Gateway Court development – currently on the market to buy.
The rented properties, built on a former gas works site, are £92.40 per week plus service charges and the shared ownership apartments have been valued at £139,950.
The four blocks were opened last year with three blocks for social rent and one block of 14 flats to be sold on a shared ownership basis.
Dales Housing executive director Jacque Allen said: “More than 100 people have shown an interest in buying one of the shared ownership flats.
“All but one came to nothing, mainly due to the prospective purchasers struggling to obtain mortgages in this financial climate.
“The Bakewell Road flats were part funded by the Homes and Communities Agency and we are now in discussions with them about using the block as rented accommodation.”
Last year, when the flats opened Rob Cogings, head of housing at Derbyshire Dales District Council, said that “terraced house prices in Matlock are averaging £150,000” which was beyond the reach of many households.
He added developments like Gateway Court gave local people the chance to stay in the area and live in a decent home close to local amenities.”
This week, a district council spokesman said: “We believe the price was pitched right and this is backed up by the amount of interest that has been shown in the shared ownership flats.
“The big issue is that it’s a tough time for people trying to get mortgages, so we support the pragmatic approach now being taken.”