We can’t quite believe it either, but there are signs that the latest attempt to redevelop Battersea Power Station and the surrounding Nine Elms area might actually make it off the drawing board and into the real world. Yesterday, Wandsworth Council approved the first phase of new flats on the site.
The 800 new homes lie to the west of the power station, and will go on sale 10 January next year. The cheapest studio flat will sting you for £750,000, while a five-bedroom apartment will be yours for around £3 million. Dedicated followers of the capital’s property trends won’t be surprised to learn that potential buyers from Asia are being targeted.
The buildings should be completed in a few years although, unless we’re misinterpreting the image above, potential buyers could be waiting the 5 billion years until the Sun expands into a red giant and consumes the Earth before they get the keys (legal note: no, really, they’ll be finished in 2016).
Not everyone is pleased by the new project: the 20th Century Society has complained that the view of the Power Station from trains leaving Victoria will be obscured by the new buildings.
The development is but one of many taking place as part of the Nine Elms regeneration project, which encompasses Battersea Power Station’s conversion into retail, office and restaurant units, a six-acre ‘linear park’, the new US embassy and some 16,000 new homes, all serviced by a two-stop Northern line extension.