Fifty-four new properties on a part-buy, part-rent basis are expected to launch in the New Year, beside Battersea Park.
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 Peabody housing association.
Overlooking the park and near Battersea Power Station, each apartment has either a terrace, balcony or winter garden.
The council say buyers who live and work in Wandsworth will be prioritised. Wandsworth has a dedicated team to ensure new shared ownership homes are offered to residents or workers in the borough – last year the council says 90% of shared ownership housing was bought in this way.
Cllr Clare Salier, Cabinet Member for Housing, said: “The Nine Elms area continues to see more and more shared ownership homes being built for local people, along with new Tube stations, green space, schools, health centres, and riverside paths where for decades it had previously been disused, no-entry industrial land.”
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.”