Affordable homes boost in Battersea with 'fashionable' new development » Housing » 24dash.com

Housing association Notting Hill Housing (NHH) has a number of shared ownership apartments available for moderate income Londoners in new housing development, Viridian in Battersea.

The new show home on the 5th floor is now available to view. There are two private balconies with incredible views across London as well as full height glazing on two walls, enhancing the appeal of this new development to Londoners otherwise priced out of the traditional housing market.

Viridian comprises of 240 units, 38 of which are available to buy through shared ownership, also known as New Build HomeBuy, where buyers can buy a percentage share in their home.

Most shared owners raise a mortgage from a bank or building society just as if they were buying in the normal way and can gain advice and assistance from NHH in doing so.

NHH owns the remaining share, and the owner pays subsidised rent on this part, although buyers can purchase further shares as they are able to afford it (known as ‘staircasing’).

Mark Vaughan, director of sales and marketing at Notting Hill Housing identifies Wandsworth as “an up and coming borough of London, ideal for individuals looking to step up onto the property ladder.

“Viridian is one of many fashionable new developments in the area, offering affordable housing in a lively, convenient location, to fit contemporary city lifestyles. And although it is impossible to ignore the constant doom and gloom regarding both the economy and housing market, buying a smaller chunk of a home means that buyers are less exposed to the risks of the traditional housing market.”

Situated on Battersea Park Road, a whole host of pubs, bars and cafes are within easy reach and Sloane Square, across Chelsea Bridge offers high street and designer shopping. Furthermore, excellent transport links enable great access to central London, Waterloo, London Victoria and Vauxhall.

The Viridian apartments are located close to the River Thames and Battersea Park, and buyers will not only have a place to call their own but can make a solid long-term investment as the region continues to regenerate with the proposed redevelopment of Battersea Power Station again on the cards.

One-and two bedroom apartments are available for sale. All homes are contemporarily finished with a modern fitted kitchen, white bathroom suite, and a carpeted living room and bedroom(s). Parking spaces are available with some.

The homes are available for Wandsworth residents. A minimum income of £25,000 is required for an initial 25 per cent share of a one-bedroom apartment valued at £250,000. Buyers then pay subsidised rent on the remainder with the option to purchase further shares as they can afford to do so. Prices for a two-bedroom apartment start at £350,000, single applicants must be earning a minimum of £31,250.

To register interest in Viridian or to book a viewing please call 020 8357 4444 or email sales@nhhg.org.uk