Set amongst the mass gentrification of the Nine Elms neighbourhood is The Residence, a luxurious development of one, two and three bedroom apartments with views over the Thames. Developed by Bellway Homes and designed by GRID Architects, it joins a contingent of new homes and souring towers on the South Bank that will benefit hugely from the extension of the Northern line to include Nine Elms and Battersea Power Station Tube stations. The Residence itself will be just minutes from Nine Elms station when it opens in 2020 journey times from here to the City will be just 12 minutes, and youll be able to reach Westminster in around eight minutes. Currently the nearest Underground station is Vauxhall (Victoria line), which also connects with Victoria and Waterloo mainline stations, and the south of England. Whats more, a proposed cycle and footbridge over the Thames will connect this area with Pimlico, close to Victoria mainline station.
The Nine Elms area is or will be, once all the construction is complete full of restaurants, pavement cafes, galleries and hotels, drawing daily visitors as well as new buyers. There are plenty of shops and markets, including the largest fruit, vegetable and flower market in the UK, New Covent Garden Market. And once the Battersea Power Station complex is fully up and running to the public, it will provide an enviable range of leisure activities and places to relax with friends during the evenings and weekends. Families will also be attracted to a selection of well regarded schools near the development, two of which are new additions to the district. With the development itself, residents can enjoy amenities such as an on site gym, cinema room, private function room and a 24 hour concierge service. And when the weather behaves, they can also make use of a private residents garden and roof terrace.
The exterior of The Residence is slightly commercial in appearance, but not offensive in nature a boxy brick faÃ§ade is interspersed with streaks of colour visible from an angle. Inside, the apartments are very much a greige blank canvas where owners can make their mark and personalise them as they see fit. Open plan kitchens feature Silestone worktops, soft close units and integrated appliances, while the bathrooms include Porcelanosa tiles, Vado brassware and white sanitaryware. Meanwhile, in the bedrooms youll find fitted wardrobes with interior sensor lighting and engineered walnut flooring. There are balconies in all apartments, providing that all important private outside space. Double glazing will also help keep the living spaces noise free from the adjacent railway lines.
The average price per square foot for SW8 is currently GBP1,608, and the fact that The Residence clocks in at around GBP1,097 makes it an appealing option for buyers looking to tap into this new and exciting community. Other developments to consider are Embassy Gardens and One Nine Elms.