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Paul Doe and Councillor Martin Johnson open the apartments
Award winning developer Shepherds Bush Housing Group has moved
south of the river for the first time, offering homes to people who
live or work in Wandsworth who would not otherwise be able to buy
them.
The 14 apartments in Charterhouse on Eltringham Street are shared ownership, meaning people buy a share from SBHG and then pay rent on the remainder of the property. They can increase their share as they can afford to do so over time.
According to a survey taken at February’s London Affordable New Homes Show, 92% of would-be buyers would like to opt for shared ownership as opposed to entering the mainstream housing market.
Councillor Martin D Johnson, the London Borough of Wandsworth’s Executive Member for Housing, opened the development of one and two bedroomed properties on Friday 26 February. They open to the public on Saturday 13 March.
Paula Fance, Director of Development and Sales at SBHG, said: “These are stunning affordable properties. We hope that people will come along to take a look, and see what they can afford in this sought after location. Wandsworth is a popular part of London. Helping people to afford a home here, through shared ownership, is at the very core of what we do.”
Cllr Jonhson said: “We know that these great apartments built by SBHG will be very popular. People buying these homes expect the best; the apartments offer quality and space. We’re looking forward to working with SBHG again in the future to meet our affordable housing demand.”
The development was supported by public subsidy through the Homes and Communities Agency. Before SBHG developed the land, it was a partly occupied commercial units. The development is part of a larger regeneration of the Battersea Reach area along the river.
The 14 shared ownership properties are part of The Charterhouse development of 54 homes by Shanly Homes. The properties are available for residents or key workers in Wandsworth with a household income lower than £60,000. Anyone interested in properties must register with Wandsworth’s affordable home ownership team please call 020 8871 6016 or email housesales@wandsworth.gov.uk.
For further information
Hannah Stokes
Tel: 020 8996 4237
Email: Hannah.stokes@sbhg.co.uk
iratesw6.co.uk - http://www.iratesw6.co.uk
Commented 99 weeks ago
Shepherds Bush build interesting developments however we find that their service charges are very high for the services actually provided.
Shared ownership residents at Townmead Estate (just across the river from the above mentioned Charterhouse development) have just recently experienced another service charge hike. Over the past 3 years it has risen 30% (for example, a two bedroom flat now pays around £230 per month - it started at £176 per month in 2007) - we have found that in most cases this is somewhat higher than similar blocks that are privately managed in London.
Potential buyers should do their own research as to what the Housing Association has a history of charging for their monthly dues before buying and getting caught out having to budget for much more than they expected to pay.
For more information about our experiences (the good, bad and indifferent) as a group of residents living at a Shepherds Bush Housing Association development, please feel free to email us at: irateSW6@gmail.com