Battersea Power Station, Nine Elms: London's iconic address
Reach us on WhatsApp straight away using the button at the bottom left
Hello everyone. Here is a scheme everyone who wants to own a home in Zone 1 in London must look at: Battersea Power Station!
You will remember that giant four chimney building on the cover of the Pink Floyd album. Standing empty for years, England’s most famous "abandoned monument" is today a brand new neighbourhood on the bank of the Thames, housing Apple’s United Kingdom headquarters and with a tube station of its own. So would you like to own an apartment in Zone 1, in a completed building ready for handover, with more than 100 shops beneath it? Yes, you read that correctly, Battersea Power Station offers exactly that.
For prices, taxes and the whole buying process, see our guide: UK Property Guide
Prices
- One bedroom apartments: £765,000and up
- Two bedroom apartments: £1,100,000 from the band of
- 3+1 daireler: £1,900,000 from the band of
- Penthouse’lar: £8,500,000’a kadar
- Apartment sizes: 43 m², 280 m²
The scheme has been developed since 2012 by a Malaysian consortium (SP Setia, Sime Darby Property and the Malaysian pension fund EPF). The total investment is roughly 9 milyar sterlin. So the fear of "might construction stop tomorrow?" does not exist here at all: the building is already standing, the shops are already open, the neighbourhood is already alive. the advantages of buying a new build home that is a very big difference for anyone who wants to live there without carrying off-plan risk.
Why Battersea Power Station?
A scheme with its own tube station: the Northern Line extension was completed in September 2021 and the Battersea Power Station station opened at the door. You walk 2 minutes to catch a Zone 1 tube.
- Waterloo, about 10 minutes
- Bank and the City, about 15 minutes
- Tottenham Court Road (the West End), about 20 dakika
- The Thames Clippers river bus pier within the site: a direct link to Canary Wharf by river
- Chelsea Bridge right across; Knightsbridge and Belgravia 10 to 15 minutes by car
The area is still developing: the Nine Elms corridor is London’s largest regeneration area. The American Embassy has moved here, Apple set up its office in the former boiler house, and new office and hotel investment continues around it. Battersea Power Station is the flagship of that corridor.
Daily life: you can live without leaving the site
Leave the house at 8:00, take the tube at 8:03, be at Bank at 8:15. Fifteen minutes in total. On the way home in the evening the supermarket, the gym and the restaurant are already beneath the building. In Turbine Hall A and B there are more than 100 shops, restaurants and cafes, a cinema, the Arcade Food Hall and, in the restored chimney, rising 109 metres in a glass lift, the Lift 109. And the 200 acre Battersea Park is right beside you.
Battersea Power Station rental yield
1+1 flats are usually £3,600 to £4,100, 2+1s £4,100 to £5,200 a month. That puts the gross rental yield in the 3.5-4.5% band. In Zone 1 that rate is normal; the investment story here is not a high rental yield but capital growth and the ease of finding a tenant.
The tenant profile is very clear: Apple and the office workers nearby, staff of the American Embassy, and young professionals working in the City. In this area the void period of an apartment is markedly below the London average. If your priority is a high rental yield, buy-to-let areas offering a high return in 2026 is worth reading too.
The shared areas: the details that set Battersea Power Station apart
Battersea Power Station is not only a residential scheme but a concept that brings five star hotel comfort into your home. The shared areas take the scheme up a level:
- 24-hour concierge: a professional team handling everything from parcels to security, from reservations to greeting guests.
- An indoor swimming pool and spa: a pool, sauna and steam room for residents only. In Zone 1 in London that is a serious privilege.
- Residents-Only Gym: a fully equipped private gym you can use without paying a membership.
- Cinema room: a private cinema for residents; you do not need to leave home for a film night.
- Roof gardens and terraces with a river view: shared terrace areas with a view of the Thames and the London skyline.
- Co-working areas: quiet co-working areas with fast internet for people working from home.
- Landscaped inner gardens: green courtyards between the blocks, open to residents only.
- A secure cycle store and an underground car park: while finding parking in Zone 1 is almost impossible, here it is standard.
- A balcony or winter garden in most apartments: outdoor space is genuinely precious in London.
Energy efficiency and comfort
The apartments were built with modern insulation, triple glazing and central heating systems; the energy rating is typically at the EPC B level. So compared with a 100 year old Victorian flat the bills are far lower and the comfort far higher. If you let the property that matters too: minimum energy standards for rented homes in the United Kingdom are steadily tightening.
Who is buying?
Professionals aged 35 to 55 in particular, and international investors, take a keen interest. One bedroom apartments are for investment and as a pied-a-terre; two and three bedroom layouts are favoured by families whose children study in London. The area has strong private schools such as Newton Prep and Thomas’s Battersea, and access to the schools in Chelsea and Fulham is easy too.
Frequently asked questions
What is the tenure? Leasehold; on newly sold apartments a lease of typically up to 999 years is granted, which in practice provides an assurance similar to freehold ownership of a flat.
Can I buy remotely from abroad? Yes. Contracts are signed digitally and identity verification can be done remotely. For the details, remote property purchase guide page.
Can I use a mortgage? For foreign buyers financing of generally up to 65-75% is possible. On well known schemes such as Battersea banks are more comfortable because the quality of the security is high. UK mortgages for foreign nationals sets the process out in detail.
What is the tax cost? For buyers resident outside the United Kingdom, stamp duty carries a 2% surcharge is added, and on a second home there is an additional rate as well. For the calculation, our stamp duty article is worth a look.
Airbnb yapabilir miyim? Long term letting is unrestricted, but short term lettings are limited by the lease terms. If you are targeting a short term return you should look at different schemes.
How much is the service charge? In this segment it is in the band of £8 to £12 per square metre a year; in a two bedroom apartment it can reach £6,000 to £9,000 a year. Do put it in the budget when working out the net yield.
For £765,000, a brand new apartment in Zone 1, on the bank of the Thames, in a building with its own tube station and its own shopping centre. In 2015 the same money bought a studio in Nine Elms; today those apartments are in the £1,000,000 band. Construction is still continuing in the Nine Elms corridor and the area settles a little more every year.
If your budget is £700,000 and above and you are looking for a "flagship" address in London, do put Battersea Power Station at the top of your list. For the apartments currently available, our project page.
For a detailed price list, floor plans or an appointment, reach us on the WhatsApp button in the left corner of the screen.
Total cost: what you actually pay when you buy at Battersea Power Station
Many overseas buyers look only at the apartment price and meet a surprise at completion. Let us work out the real cost on a £765,000 apartment. Stamp duty (SDLT) in the United Kingdom is banded: 0% up to £125,000, then 2%, 5%, 10% and 12%. On top of that, non-residents pay a 2% surcharge, and if you already own another home, a further 5% additional dwelling rate applies.
| Item | If it will be your only home | If it will be an additional home |
|---|---|---|
| Property price | £765,000 | £765,000 |
| Stamp duty (SDLT) | £43,550 | £81,800 |
| Legal fees | £1,500 to £3,000 | £1,500 to £3,000 |
| Searches and Land Registry fees | about £800 | about £800 |
| Approximate total | £810,850 | £850,600 |
With a mortgage there are also valuation and bank charges, and if you let the property, management commission and income tax. The figures above are indicative, based on a £765,000 entry price; we prepare the exact calculation for your own scenario.
The Battersea Power Station buying process, step by step
If you are buying from another country, the process runs like this:
- 1. Choosing the apartment and reserving it. We go through the floor plans, the aspect and the view. The apartment you choose is usually held with a reservation fee of £5,000 to £10,000.
- 2. Appointing a solicitor. An independent English property solicitor (conveyancer) is appointed. That solicitor acts for you, not for the developer.
- 3. Identity and source of funds checks. You will be asked for a passport, proof of address and documents showing the source of your funds. This step is compulsory in the United Kingdom, and having the papers ready shortens the process.
- 4. Exchange of contracts and deposit. Contracts are usually exchanged within 21 days of the reservation, with a 10% deposit. The signature can be given digitally from abroad.
- 5. Stage payments. In off plan projects these follow the payment schedule; for completed apartments the step is skipped.
- 6. Completion. The remaining balance and the stamp duty are paid and the title is registered in your name. For completed apartments this stage can take four to eight weeks.
You can run the whole process from your own country; you do not have to travel to the United Kingdom.
Risks and what to watch for
We have set out the strengths; in fairness there are points to watch as well. For Battersea Power Station, these are the ones worth pausing on:
- High service charge: on prime schemes with a pool, a spa and a concierge it can rise to the band of £8 to £12 per square metre a year; in a two bedroom apartment that means £6,000 to £9,000 a year.
- The rental yield is at Zone 1 level: the gross 3.5-4.5% band; if you are targeting a high yield this scheme is not mathematically the right choice.
- Short term letting is restricted: Airbnb style use is limited by the lease terms. Long term letting is unrestricted.
- Construction is continuing in the area: building continues in the Nine Elms corridor; when choosing an apartment the direction of the aspect and whether the view will be preserved are critical.
None of this makes the project a bad one, but there is a wide gap between buying with your eyes open and finding out afterwards. We give every client this list up front.
How does Battersea Power Station compare with the alternatives?
Before you decide, it is worth looking at the other projects in the same budget band:
- One Thames Quay: 48 storeys in Canary Wharf with a river view from every apartment; a similar segment, a different district.
- DAMAC Tower Nine Elms: in the same corridor, a more affordable entry price and a Versace signed interior design.
- Graphite Square: a boutique scale alternative in Vauxhall; the expectation of a lower service charge.
We can work out together which project fits your goal, judged on budget, intended use and exit plan. For an overview, our guide to UK property investment for international buyers is worth reading too.
Answers to the most common questions on this topic: Is Buying a Home in London a Good Idea?
