If you’re looking for a new build home, try this scheme in Wandsworth ranging from studios to four bedroom duplexes.
Monster housing estate or tiny boutique development? Monster. This £600m scheme by Chinese company, Greenland Holdings Group, will eventually include 661 homes, plus shops, cafes and restaurants. As a nod to the site’s history there will also be a brewing museum and a microbrewery.
How much will it cost me? The scheme is being sold jointly by JLL and Savills and the first phase of the scheme includes 338 flats, from studios to four bedroom duplexes, priced from around £300,000 for a studio flat. A full price list will be announced later in the month, and the phase should be built and ready in 2017.
What is so great about it? This is a high end, high spec scheme, alongside the River Wandle, and within easy reach of stacks of local cafes, pubs and bars. Alex Finch, a director of JLL, pointed out that the scheme will also include its own shops and places to eat. “It is really going to create a new destination, for local people as well as those who live there,” she said. “It also has some listed buildings on the site which are going to be retained, like the original stables and brewery building, so it will not just be your standard new build.”
Surely its not completely perfect? Prices are stiff, although par for the course for the area, and early adopters will have to accept years of building works going on around them. The surrounding area is rather industrial at present (although rapidly being redeveloped). Motorists will have to endure the horrors of the Wandsworth one way system if they want to drive into town. Finch, however, points out that it is less expensive than many new build options coming out of nearby Nine Elms or east London. “And there are plans to redo the gyratory system,” she said. “This is something which Transport for London is doing so we do not have a definitive plan or date but they are looking at making parts of it two way, and traffic calming, which should really improve the area.” TFL plans to begin public consultation on its ideas to improve the area this winter.
Who will my neighbours be? Finch expects a “young audience” to move into the Ram Quarter – first time buyers assisted by the Bank of Mum and Dad, young couples and perhaps families with a small child since some of the flats have four bedrooms. There will clearly be some investment purchases, as with all new London schemes, and it is also inevitable that many of the residents will be commuting to work in the West End or City.
What is Wandsworth like? Once a bit of a poor relation compared to its swishier neighbours, Wandsworth has been enjoying a ripple of regeneration and gentrification. There are cute independent shops and cafes in Old York Road, and stacks of chains at the nearby (and recently done up) Southside Shopping Centre. The nearby Wandsworth Park is small but perfectly formed, one of only a handful of Grade II listed parks in the capital, with views across to the Hurlingham Club on the north bank of the river at Fulham.
Is it any good for kids? Since this phase is all about flats the developer expects it to appeal to the child free. Families won’t love the local roads, which are busy, but there is plenty of green space within walking distance (Wandsworth and Clapham Commons). Teenagers will adore all the local shops and entertainment. Nearby schools include St Anne’s CofE Primary School, rated “good” by Ofsted, and Ashcroft Technology Academy (seniors) which the Government’s schools’ watchdog considers to be “outstanding”.
How are the public transport links? Fantastic. Wandsworth Town railway station is a five minute walk away, with services to Waterloo taking around 15 minutes.
Is it up and coming? Very much so. Average prices stand at £811,524, up a resounding 18.07 per cent in the last year.
I like the sound of Wandsworth, what else is on sale there?
1. SW18 is the focus of frenzied new building, including this three bedroom penthousewith great river views, on the market for £1.295m.
2. Alternatively pick up a one bedroom flat in The Schoolyard development, on the market for £480,000.
3. Of course Wandsworth isn’t all modern – there are streets of lovely Victorian houses too. This two bedroom flat in a corner building is on the market at £695,000.
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