Home Residential Property £500m in five days: Nearly all homes at Battersea Power Station sold already

£500m in five days: Nearly all homes at Battersea Power Station sold already

by LLP Editor
8th May 14 8:47 am

Had hopes to buy a home at Battersea Power Station? Over 200 people have beaten you to it.

The Battersea Power Station Development Company has sold nearly all 254 homes in less than a week after they were put up for sale.

Interested buyers, 75% of whom were British, together forked out £500m to snap up properties in the development.

While prices of a studio apartment start from £800,000, a four-bedroom home costs as much as £4m.

A number of the apartments will have the original fabric of the building and have views looking out over the Thames or back onto the famous Boiler House facade.

Rob Tincknell, chief executive of Battersea Power Station Development Company, told the Standard: “We went down a slightly untrodden path of UK-only sales and so were really delighted with the results. These are big apartments with huge ceiling heights and a very high specification, designed for owner occupation. We didn’t want a “lights out” building. We’ve seen lots [of people] deciding to move across the river from Chelsea.

“The only disappointing thing is that there are people who wanted to buy who haven’t been able to because there hasn’t been the stock available.”

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