A thousand new homes are coming soon to sites across Wandsworth in future years, with 60.5 percent for low-cost rent and shared ownership, council says.

A total of 605 will be new council housing and start at 35 percent of market rents, alongside shared ownership, and the remainder will be for sale to subsidise new home ownership.

The council says they will target existing residents and workers from the borough via local lettings and marketing, titled 'Building Homes for Wandsworth People'.

Tenants of council properties who live nearby and under-occupying their existing homes can ‘downsize’ into their new housing if they want to, with priority being given to overcrowded households.

Buyers purchase a deposit on the value of the percentage being bought in shared ownership, so a five percent deposit on a 25 percent share is a 1.25 percent deposit on the property’s total value.

A total of 210 homes are currently under construction, or will start soon, with 61 council homes being built in Battersea, Putney and Tooting and another 790 are underway.

The council also aims to improve neighbouring roads, pavements and open spaces.

Cllr Ravi Govindia, the council’s leader, said: “Building Homes for Wandsworth People will provide 605 new council homes as well as for shared ownership, so that residents’ sons and daughters can continue to live in the borough and working households vital to the local economy and to local services.

“We’ve been getting on with housebuilding for years, in addition to the thousands of new homes for shared ownership and low cost rent being delivered through regeneration at Wandsworth town centre, Battersea, Roehampton, Nine Elms and throughout the borough.”