Shared Ownership Launch In Nine Elms

Affordable housing provider SO Resi has just launched 57 Shared Ownership homes at its newest development in Nine Elms, Wandsworth.

The development, named SO Resi One Nine Elms, offers one- and two-bedroom apartments at with prices starting from £158,750 for a 25% share (based on a full market value of £635,000). The first residents will be expected to move in from late summer.

Located in London’s tallest residential building, all apartments come with open-plan main rooms, and some homes with river views and private winter gardens. All residents will also have access to the panoramic viewpoint on the 58th floor of the building, with views over central London and the River Thames.

Kevin Sims, director of sales at SO Resi, commented: “Affordable housing options in the capital are already limited, but in Zone One, they are truly a rarity. With the market remaining hard to predict and house prices proving to be stubborn, it comes to no surprise that Shared Ownership is becoming an increasingly attractive prospect for buyers, thanks to its flexibility and low 5% deposit requirement. At SO Resi One Nine Elms, a deposit starts from just £158,750 which is a far more achievable goal for many aspirational first-time buyers who aspire to live in central London.

“Wandsworth Council’s regeneration programme means 20,000 new homes are being built in Nine Elms, however few are at accessible price points. The area is an appealing location for young people, and we expect to see strong demand for new homes here already, as first-time buyers look to this rare opportunity.”

Once the wider development is fully complete, One Nine Elms will boast two residential towers – the River Tower and City Tower, linked together with a footbridge. Inside, there will also be a range of shops and eateries, split across a vibrant piazza for residents to enjoy at all times. The Grade II listed Battersea Power Station is also a short 10-minute walk away, offering more shops and eateries, a cinema, and the Chimney Lift offering views of the London Skyline. Green open space is also plentiful, with Vauxhall Pleasure Gardens, Pedlar’s Park and Battersea Park.

The development is close to two Zone One Underground stations, with Northern line and Victoria line services, and an excellent network of buses also serve the surrounding area, with a new plethora of cycle lanes and pedestrian footpaths. Find out more at www.sharedownership.co.uk.

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