Prices Announced for Battersea Power Station Development

Published: 07/04/2014

Prices have finally been announced for new homes at Battersea Power Station – but there’s no sign of any affordable housing.

There are 254 properties planned for the building itself, which developers say will be ‘as distinctive as the building that surrounds them’.

They will be housed in three locations: The Switch House East, The Switch House West and Boiler House Square, right at the top.

Some homes will sit within the original building’s exposed brickwork and industrial fittings, while others will be new, glazed additions on top of the Power Station, with views across the Thames. The ones that back on to Boiler House Square will surround a ‘garden in the sky’.

But iconic living doesn’t come cheap. Studios start at £800,000, one-bed apartments are priced from £1million, two-beds from £1.5million, three-beds from £2.7million and buyers must be prepared to stump up £4million for a four-bed home. Prices are yet to be released for the penthouse and a London-only sales launch takes place on May 1.

According to the Battersea Power Station Development Company, plans for affordable homes are soon to be released but they aren’t expected to be built until 2024.

A hundred different layouts are planned and BPSDC says properties will be around 40 per cent larger than London’s average new-build developments.

Describing the development’s launch as a ‘once-in-a-lifetime opportunity’, CEO Rob Tincknell said: ‘It’s a chance to own one of a small number of very special bespoke residences that have been meticulously designed to reflect the quality and detailing applied to Giles Gilbert Scott’s original masterpiece.’

The 40-acre mixed-use development will create 18 acres of new public space, including a six-acre public park, office space for 5,000 people, a conference centre, around 200 shops and restaurants plus cinema and leisure and recreation facilities.

There is also a boutique hotel, a multi-event pop-up space as well as a new civic public square and piazzas. Residents will live above the amenities and will have access to more than 1.5 acres of rooftop gardens.