Buy a shared-ownership flat for less than £1,000 a month in Tooting

Part-buy part-rent schemes cost less than £1,000 a month in newly cool Tooting, which has trendy bars, restaurants and an innovative arts programme to offer residents.
Chicken Shop, the latest offering from the upmarket Soho House hospitality group, allows diners to enjoy free-range Norfolk chicken in the trendiest of shed-chic surroundings. There is a branch in Whitechapel, another in Kentish Town, but the arrival of a Chicken Shop in Tooting High Street last year has become an emblem for the changing face of SW17.
Tooting has always had its plus points — the open space of Tooting Bec, good Indian restaurants, a street market, Tube links to the West End in about half an hour, and England’s largest freshwater swimming pool, Tooting Bec Lido — but it wasn’t the kind of address which attracted the young and fashionable.
Chic chicken: Tooting High Street has a popular branch of Chicken Shop, Soho House group’s shed-chic dining chain
However, all that has changed. Tooting is officially cool, with evenings out sharing excellent tapas at Graveney & Meadow, drinking locally brewed beer at The Little Bar, and dancing it all off at Tooting Tram & Social.
Tooting Arts Club has an innovative programme including, this month, a production of Stephen Sondheim’s musical thriller Sweeney Todd put on at a local pie and mash shop.
Under cover: Tooting’s bustling market

Interest in Tooting means two things for property — new developments and rising prices. But first-time buyers have cause to take heart. Thames Valley Housing Association has 28 shared-ownership homes on offer in a development rather awkwardly named XVII, which is a play on the area’s SW17 postcode in Roman numerals.
Prices start at £130,500 for a 45 per cent share of a one-bedroom apartment with a full price of £290,000. When service charge, and rent on the portion of the property the shared owner is not buying are taken into account, monthly costs come in at just under £1,000.
Two-bedroom flats start at £164,250 for a 45 per cent share and total monthly costs are an estimated £1,306 per month.
From £130,500: for 45 per cent of a one-bedroom apartment at XVII

“There’s no compromise with our new homes at XVII — they are excellent quality, in a central location and have great transport links,” says Kush Rawal, sales and marketing director at Thames Valley Housing.
“Tooting is a fun, cosmopolitan and vibrant area, and buyers will pay very low council tax in Wandsworth.”
The XVII development is just off Tooting High Street, no more than five minutes’ walk from Tooting Broadway Tube station, and the stone and glass building, above shops on the ground floor, is contemporary.
‘No compromise’: XVII is a contemporary block in a central location with great tube links

Some of the apartments have balconies, terraces or car parking spaces, and all residents share a courtyard garden.
For those who get about by bike there is a cycle store. Tooting Broadway is on the London Cycle Superhighway, with a pedal-friendly route leading directly into the City.
  • Visit

Follow us on Twitter @HomesProperty and Facebook