New homes for shared ownership at Clapham Junction
Published: Wednesday 25th January 17
Seven new homes are now available to purchase in Battersea on a part-buy, part-rent basis, with Wandsworth residents and those who work in the borough prioritised over other buyers.
Balcony at St John's Way; photo by Jack Hobhouse
St John’s Way is a new development by Peabody housing association, off St John’s Hill.
The new properties benefit from spacious living areas, with specifications including underfloor heating.
For a two-bedroom flat, prices are from £180,000 based on a 25% share of £720,000 and a minimum total household income: £75,764, with savings of £18,000 necessary. For a three-bedroom flat, prices are from £195,000 based on a 25% share of £780,000 and a minimum total household income of £79,775, with savings of £19,500.
Cllr Paul Ellis, Cabinet Member for Housing, said: “In Wandsworth, our approach is to enable new development to take place, so that residents can benefit from the low cost homes which are built as a result.
“There are sites across the borough that, like Peabody’s St John’s Way development, offer high quality new shared ownership homes which are prioritised for Wandsworth residents, so it makes sense to register with our home ownership team and find out more.”
Sarah Butler, Director of Sales and Marketing at Peabody, said: “We are pleased to offer these high-quality new shared-ownership homes at St John’s Way. Working closely with Wandsworth Council, we’re committed to increasing affordable housing supply in the borough, helping local people achieve their dream of home ownership.”
During the 12 months up to October, 2016, a total of 529 homes for shared ownership and low cost rent were built in Wandsworth, which includes 43 previously empty homes brought back into use. This was the second highest total in London. A survey of private renters reported that of the 736 respondents, two thirds cited inability to buy a home as the main reason for privately renting.
To register interest in St John’s Way, contact Peabody on: (020) 7021 4842.