Nine Elms

54 new shared ownership homes to launch at Nine Elms

The Vista Development at Nine Elms is set to launch 54 new homes for shared ownership in the new year.

The development – which will be sold and managed by Peabody housing association – comprises one- and two-bedroom flats that have a terrace, balcony or winter garden.

Prospective buyers who already live and work in Wandsworth will be prioritised.

Cllr Clare Salier, cabinet member for housing at Wandsworth Council, said: “The Nine Elms area continues to see more and more shared ownership homes being built for local people, along with new Tube stations, green space, schools, health centres and riverside paths where for decades it had previously been disused, no-entry industrial land.

“A shared ownership home can cost you less per month than renting, so as a first step on the housing ladder it’s advisable to register with the council for priority on new properties as they become available.”

Shared ownership works on a part-buy, part-rent basis and involves homebuyers paying a deposit on the value of the percentage being bought.

The regeneration of the Nine Elms area in Battersea and Vauxhall will provide 20,000 new homes for Wandsworth, with 4,000 for shared ownership.

Dick Mortimer, executive director of development at Peabody, said: “We’re excited to launch these high-quality shared ownership homes in a fantastic location overlooking Battersea Park, close to the amenities of Chelsea and Sloane Square.

“Working closely with Wandsworth Council and our partners at the Berkeley Group, we’re helping local people on low and middle incomes achieve their dream of home ownership within the borough.”

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