London has seen some world class redevelopment projects in the last few decades. Battersea Power Station is one of the most impressive, redeveloping the iconic landmark and creating a vibrant new neighbourhood. There was some exciting news about it recently too. Let’s have a closer look, then you can rely on us if you want guaranteed rent in Wandsworth or other parts of London.

Background

Battersea Power Station is an incredible Grade II* building. It was a vital piece of London’s infrastructure for decades. Interestingly, it was the first super power station by LPC, moving away from a previous model where smaller facilities would supply local areas. The building quickly became an iconic landmark because of the Art Deco design.

Sadly, as Battersea aged it’s output began falling. At the same time, the operating costs were growing all the time. Ultimately, the power station had to close (Station A in 1975 and Station B in 1983). It was then empty for decades. There were original plans to demolish it and build housing. However, the listings made this impossible. So, work began on alternatives, including plans to create a theme park. Work finally began in 2013, and in 2022 Battersea was open to the public for the first time.

Today this is one of the most impressive new neighbourhoods in London. There are homes and plenty of amenities, including shops, restaurants, and more. Work is progressing on several phases too, including a new pedestrian high street. Speak to us if you invest and want guaranteed rent in Wandsworth.

New homes

The exciting recent news is Wandsworth Council has given planning permission for a new 200 home development. It will create a lovely new building in the eastern part of Battersea Power Station.

There are some really fantastic details here. Firstly, all 200 high quality units will be council homes. They will benefit local people, including families. The project will also include communal gardens, a roof garden, public space, and opportunities for businesses.

The response to the project getting planning permission has been very positive. The GLA said they are “delighted” and that it is “an important milestone” for the neighbourhood. The aim is for construction to begin on the Brownfield site in 2027, with an eye on completion in 2029.

Discuss guaranteed rent in Wandsworth with us

Battersea Power Station and nearby areas have become increasingly popular in the last few years. It’s likely to continue too as later phases of the project make progress and deliver more homes. So, if you’re an investor, it is a good idea to keep an eye on the area for opportunities.

If you do find properties and want some help, you can rely on us. We’re one of the best providers of guaranteed rent in Wandsworth and other areas in London. As a result, we understand how different schemes work, the benefits, and more. We’re always ready to provide advice and support.

So, get in touch today and ensure you have stable income for all homes.