Part-Buy, Part-Rent New Homes Launch Near Battersea Park

The Peabody Association will manage the development

Fifty-four new properties being built alongside Battersea Park are expected to launch in the next few months on a part-buy, part-rent basis.

As part of the Vista development at Chelsea Bridge, West View Battersea will be made up of one- and two-bedroom flats that will be sold and managed by the Peabody housing association.

Overlooking the park and near Battersea Power Station, each apartment will also include either a terrace, balcony or winter garden.

Buyers who live and work in Wandsworth will be prioritised.

Shared ownership works on a part-buy, part-rent basis, with buyers paying a below-market rent on the proportion of the property they don’t own.

You only pay a deposit on the value of the percentage being bought, so a 5% deposit on a 25% share works out as a 1.25% deposit on the total property value.

Dick Mortimer, Executive Director of Development at Peabody, said, “We’re excited to launch these high-quality shared ownership homes in a fantastic location overlooking Battersea Park, close to the amenities of Chelsea and Sloane Square. Working closely with Wandsworth Council and our partners at the Berkeley Group, we’re helping local people on low and middle incomes achieve their dream of home ownership within the borough.”

Cllr Clare Salier, Cabinet Member for Housing, said, "A shared ownership home can cost you less per month than renting, so as a first step on the housing ladder it’s advisable to register with the council for priority on new properties as they become available.”

Interested in owning your own home, through shared ownership in Wandsworth? Check your eligibility at:  / / (020) 8871 6016.

To register your interest for a home at West View Battersea, contact: (020) 7021 4842, but please note all applicants must be registered with Wandsworth Council before applying to purchase.

August 21, 2017