Shared-ownership home deals make Wandsworth a hot ticket

There are more homes being built in Wandsworth than any other borough during the next decade and shared-ownership deals make them affordable for young Londoners.

More homes will be built in Wandsworth than any other London borough during the next decade - affordable properties as well as pricier ones.

As many as 16,000 apartments are in the pipeline at Nine Elms, where a new riverside district is emerging around Battersea Power Station. Wandsworth town centre, where the Ram Brewery is poised to become a new quarter with 669 homes, bars, restaurants, shops and loft-style offices after being inaccessible to the public for generations, is another construction hotspot.


The historic Ram Brewery in Wandsworth town centre is earmarked for 669 new homes, shops, offices and restaurants

By 2018, the borough will have two new Northern line stations, and council leader Ravi Govindia has ambitions for a further extension to Clapham Junction, which is getting a facelift.

Wandsworth used to be predominantly a district for family houses, but the trend for riverside living is adding a new wave of flats. Where wharves and distilleries once stood are now gleaming developments with that all-important river view - including shared-ownership flats that are much cheaper than the borough’s average property price of £569,792.


Left: From £71,250 for a 25 per cent share of a one-bedroom flat at Riverside Quarter. Right: a 40 per cent share of a Battersea Reach studio in Horizon House starts from  £87,000. 

Battersea Reach is a line of glass-fronted, riverside blocks facing across the Thames to Fulham’s Hurlingham Club. Notting Hill Housing is selling 40 per cent shares starting at £87,000 (full market price, £217,000 for a studio). At nearby Riverside Quarter, £71,250 buys a 25 per cent share of a one-bedroom flat, while at Putney Point, prices start at £90,000 for a 25 per cent share. Call 020 8357 4444.


Looking out across the Thames, views from Battersea Reach are as nice as the interiors

Wandsworth has the lowest council tax in the UK, another plus for low- budget buyers. The borough takes in a wide swathe of south-west London — Putney, Balham, Tooting and Streatham — and has more than waterfront living to offer. Ever-resourceful developers are squeezing boutique flats into crowded corners, while tired-looking council estates are being spruced up and homes offered for sale.

The Schoolyard in Eltringham Street is a scheme of 119 flats in crisp, contemporary-design low-rise blocks, close to Wandsworth Town station, the common and Nappy Valley highlights such as Northcote Road shops and Michelin-starred Chez Bruce restaurant. Prices from £335,000. Call 0844 406 9288.

Annie McCall Maternity Hospital in Jeffreys Road was the first in Britain to have an all-female staff. The Victorian hospital closed 30 years ago and was taken over by artists and craftspeople. Now the reborn listed buildings are being turned into homes, while brand-new artists’ studios and a lodge house have been built in the grounds. Prices from £410,000. Call Henley Homes on 020 7401 8777.


 Flats range from £390,995 to £725,995 at the Flow development on Balham High Road

Balham is popular with young metro types who fill the bars, gastropubs and delis along the lively High Road. Haart estate agency says the SW12 postcode is attracting more people than ever, with 46 registered buyers for every home on the market, compared with a London-wide average of 19 to one and a national figure of eight to one. Flow, a new apartment scheme close to Balham High Road and the Tube station, has flats priced from £390,995 to £725,995. Call Bellway on 0845 548 3007.

Coming soon to Tooting High Street is The Broadway, with studio, one- and two-bedroom apartments. Call Crest Nicholson on 020 3375 2241. Two-bedroom apartments priced from £345,000 are launching soon at The Old Dairy, Streatham. Call Bellway on 0845 548 3016.

Nine Elms is framed by the river and a snaking railway viaduct where adjoining land has been colonised by car mechanics and scrap metal dealers. A longer-term council objective is to refurbish and open up derelict railway arches and upgrade the area east towards Wandsworth Road, a patch already being targeted by bargain-hungry homebuyers. This is where one of the two new Northern line stations will be. The other is at Battersea Power Station.

Redevelopment of a Sixties-built college into 231 flats, called This Space, is a hit with young buyers. Nearing completion on the same lively strip is Stewarts Lodge — 33 flats priced from £315,000. Call 020 7401 8777.

Follow us on Twitter @HomesProperty and Facebook