Affordable homes now available for key workers in Wandsworth

Key workers in London look set to benefit from a new affordable housing development soon to be launched in Wandsworth by Notting Hill Home Ownership.

The Parkside project in Wandsworth includes a striking 23-storey landmark tower overlooking St George's Park and an adjoining 8-storey building. Designed by architects Squire & Partners, Parkside is currently being built on redundant brown-field land overlooking King George's Park. The two towers will offer 159 studio, one and two bedroom apartments: 50 of which will be available for discounted sale to accredited key workers such as emergency services personnel, teachers and NHS staff.

The scheme enables low-income earners to get a foot on the property ladder in a much sought after area of London that would otherwise be beyond their reach. Key workers will be able to buy at approximately 50% of the market value, and no rent is payable on the remainder.

The modern apartments boast high spec features including video entry system and 12-hour concierge, whilst some have balconies and en-suites. The fully fitted contemporary kitchen comes complete with appliances such as a stainless steel oven, fridge freezer, washer dryer, dishwasher and microwave.

Located in the heart of the borough, just moments away from the high street's shops and restaurants, the scheme offers first-time buyers the opportunity to invest in an up and coming area currently undergoing a revitalisation project.

Mark Vaughan, director of sales and marketing at Notting Hill Home Ownership comments, "This is a leading edge development, showcasing innovation in both its architecture and construction methods. The project is hugely exciting for the Wandsworth region and is set to transform not just the skyline but also the availability of affordable housing options for key workers that would otherwise be priced out of the area."

Parkside is being delivered by Key London Alliance (KLA), a partnership aimed at helping more of the capital's residents onto the housing ladder. The alliance comprises four companies with a share interest in making this goal a reality - Notting Hill Housing Group, Barratt Homes, Circle Anglia Ltd and Inspace Homes Ltd.

The new Wandsworth development is the first of a series of projects through which the KLA will produce some 2,200 homes as part of the Government-backed London-Wide Initiative (LWI). Established by national regeneration agency English Partnerships, the LWI aims to fast-track more high-quality affordable homes for key workers across London, where the gulf between public sector pay and property prices is at its widest.

Steve Oakes, Area Director at English Partnerships said, "The shortage of affordable quality homes in London is a major issue, with many key workers and first-time buyers struggling to get a foot on to the property ladder. Recognising this, English Partnerships has established the LWI to make properties more affordable for key workers by assisting with the cost of home ownership."

To register interest in Parkside, please call 020 8357 4444 or email parkside@nhhg.org.uk

For more information please visit;
www.nottinghillhousing.org.uk/parkside