Nine Elms is one of Europe’s biggest regeneration zones and, when complete, will deliver a vibrant and ultra-modern destination in Central London. With average prices of a one-bedroom apartment now reaching £546,271, many aspiring homeowners might have dismissed the idea of living in Central London. However, through shared ownership, owning a home in this desirable area is much more achievable.
Leading affordable housing provider, Affinity Sutton, has launched a collection of contemporary one-bedroom apartments at Nine Elms Point, which require a deposit of as little as £5,688 when bought through shared ownership. A selection of two and three-bedroom apartments will also be available soon.
The development will comprise 52 apartments available to purchase through shared ownership whereby buyers purchase a share of the property (25 to 75%) and pay a reduced rent to Affinity Sutton on the remainder. Residents have the opportunity to buy more shares – a process known as staircasing – at a later stage, until they own 100 per cent of their home.
Each apartment has been designed to suit a range of buyers from singles or couples to young families. All of the homes feature private outside space and residents can also enjoy a communal ‘podium’ garden.
Combining culture and convenience, Nine Elms is already home to a range of amenities with more shops, bars, restaurants and art galleries to come. Battersea Park is a 20-minute walk away and there will also be a new public linear park – influenced by New York’s High Line – which will stretch from one end of the regeneration district to the other.
Vauxhall Station is just a five-minute walk away, and, for those travelling further afield, Heathrow and London City airport can be reached in under an hour by car.
The future Nine Elms underground station is due to be complete in 2020 along with a flagship Sainsbury’s store which will be right on the doorstep of Nine Elms Point.
For families, London offers some of the best schools in the world including three top universities which are located within a 3.2-mile radius of Nine Elms Point – London School of Economics, Imperial College and King’s College London.
Prices for a one-bedroom apartment start from £113,750 for a 25% share (full market value £455,000) with a required deposit £5,688.
Prices for the two-bedroom apartments will start from £161,250 for a 25% share (full market value £645,000) with a required deposit of £8,063. Three-bedroom apartments will start from £225,000 for a 25% share (full market value £900,000) with a required deposit of £11,250.
For more information please contact Affinity Sutton on 0300 100 0303 or email: firstname.lastname@example.org. Information on all Affinity Sutton developments is available on the website: www.affinitysutton.com.