Fifty-four new properties on a part-buy, part-rent basis are expected to launch in the New Year, beside Battersea Park, Wandsworth Council has confirmed.

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 benefits from 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 win.

Additionally, you can pay a deposit on the value of the percentage being bought, so a five percent deposit on a 25 percent share works out as a 1.25 percent deposit on the total property value.

Councillor 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.

“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.”

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.”

The council says that the regeneration of the Nine Elms area in Battersea and Vauxhall is providing 20,000 new homes, with 4,000 for shared ownership and also for low-cost rent which can start from 38 percent of market rates.

A £1 billion upgrade to local services is also said to be underway and will provide two new London Underground stations, two new primary schools, new health centres, a new cycle and pedestrian network and a new stretch of riverside walk.

If you’re interested in how shared ownership works, you can visit here.

To find out more, visit: or email

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