Prime Property of the Week: the Battersea Power Station development

Every week, Spear’s highlights one impressive prime property or development on the market. This week: the Battersea Power Station development.

When it comes to property, location can be everything. A stunning property with high square footage and impressive architecture may sound great to a prospective buyer — but put that property in an undesirable spot, and many buyers will quickly lose interest. If that location happens to be both central and historic, though? Well, that’s what makes a prime property truly stand out. For instance: The flats up for sale in the new Battersea Power Station development include not only space and luxury, but also the all-important prime location.

The flats in this development are not only huge — a three-bedroom flat in Switch House East, one of the buildings within the power station, totals around 2400 square feet — but they’re also beautifully designed with the history of the power station in mind. Modern touches pepper the flat, from brick and brass accents to concrete and steel builds around the property. According to representatives from the architecture and design studio Michaelis Boyd, who worked on designing the interiors of the flats, the goal when conceptualising the aesthetic of the flat was to make it look a bit lived in, and complement the industrial feel of the power station itself.

As for location, the Battersea Power Station is situated along the Thames in southwest London, just a stone’s throw from Chelsea and Westminster. With the introduction of the new Battersea Power Station Underground Station serving the area with the Northern line into Zone 1, it’s also well-connected.

Current flats up for sale in the development start at around £575,000 for a studio, up to £8,450,000 for a three bedroom/three bathroom.

The development has been slowly opening to the public for the past few years, but has been in the works for a while. According to Meriam Lock-Necrews, the Head of Residential at Battersea Power Station Development Company, the development has had a series of phases, each consisting of a new residential prime property building within the immediate area around and in the power station. The first phase is Circus West Village, which Lock-Necrews tells Spear’s completed in 2017 and was sold out at launch. Currently, it houses 1,800 residents, and also features a number of shops and restaurants on the street below it.

Phase two includes the flats in the power station — which, according to Lock-Necrews, include just over 250 private flats between two buildings called Switch House East and Switch House West — as well as Boiler House Square, a series of ‘sky villas’ that will be welcoming residents imminently.

Phrase three is completing this month, and includes the Frank Gehry-designed buildings Prospect Place One and Prospect Place Two. The area around these ‘phases’ of the development is also being redesigned: The power station itself will feature everything from movie theatres to shops and restaurants to bars, and a number of offices will also be moving into the area (amongst others businesses, Apple has pre-let space for a new campus).