Housing association Viridian has unveiled the first phase of new shared ownership homes at the Riverlight development in Nine Elms.
The 116 homes are now on sale off-plan and will be ready for people to move in over the summer. They include a mix of one and two bedroom properties.
Qualifying local people will be able to purchase these new riverside properties on a part buy – part rent basis, with existing Wandsworth residents given priority over buyers from outside the borough.
The new affordable homes are part of the Riverlight development on Nine Elms Lane, built by St James. Riverlight also includes the new Nine Elms Tavern, Royal College of Art’s StudioRCA, The Battersea Barge and a new stretch of river walk.
Viridian chief executive Nick Apetroaie said: “We are delighted to be able to reveal our very first shared-ownership homes in Nine Elms.
“We know it’s difficult for first-time buyers to get on the property ladder in London but, by working with Wandsworth Council, we are now able to offer these fantastic affordable properties to residents in this sought-after part of the capital.”
Wandsworth Council leader Ravi Govindia said: “It’s great to see more high quality affordable homes coming onto the market here in Nine Elms. I’m sure these new properties will be in high demand and local Wandsworth buyers will be at the front of the queue.
“Just a few short years ago this area had very little housing and the riverside was dominated by a series of inaccessible industrial sites. That is changing fast and already Nine Elms has welcomed hundreds of new residents and many new businesses. There is still a way to go but the area is already coming to life as a vibrant new part of the South Bank.”