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.

Interested in owning your own home, through shared ownership in Wandsworth? Check your eligibility at: www.wandsworth.gov.uk/sharedownership  / housesales@wandsworth.gov.uk / (020) 8871 6016.

To register interest in St John’s Way, contact Peabody on: (020) 7021 4842.

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Recent comments

I would be very interested in a shared ownership property preferably a 1 bedroom flat/apartment,
Pamela Partridge

31 January 2017

I agree with all the comments below. The council should not be getting involved in advertising these extortionately priced flats. People who are earning £75,000 a year can jolly well look out for their own house/flat purchases privately without council help. What are they doing for people who don't earn anywhere near £75,000?
Marilyn Stenning

30 January 2017

I am looking for a two bed room flat I was and lived in Balham all of my life.
Miss Andrea Virdee

28 January 2017

Since when was a £720,000 2 bed flat low cost? Minimum household income of £75,000, what a joke.
Richard

27 January 2017

What planet is Wandsworth Council living on. By no stretch of the imagination can these be described as affordable for ordinary people. Planners across London need to be told - NO MORE APPROVALS FOR LUXURY DEVELOPMENTS. Build houses that ordinary people can really afford.
James

27 January 2017

How is this good news when the median (ie middle) salary for London is £48,023? That means that half of those working in London earn less than 2/3s of that required. Please, Wandsworth BC, start thinking of those who aren't well off.
Jane

27 January 2017