W ho wouldnt want to live in a flat over- looking the river? With riverside views adding 50 per cent to a propertys price tag, the problem has been that, until recently, few of us could afford to. But there is a relatively new afford- able route: shared ownership. Developers are obliged to provide a number of affordable housing units in their flash riverside developments, which means an opportunity for budget-conscious home-hunters. This way, rather than having to buy out- right, it is possible to purchase a more manageable percentage of a flat with a stunning view, paying a subsidised rent on the rest. We look at five waterside schemes, from the exclusive Chelsea Bridge Wharf to peaceful flats overlooking the River Lea in north London. BridgesWharf This is a prime site of riverfront property: two acres of land in Battersea overlooking the Thames, which, when built, will include shops, a hotel and offices. There will also be a communal square featuring an ornamental pool, a series of plazas overlooking the waterfront and a concierge. A total of 266 apartments are being built, and of these 55 one- and two-bedroom apartments are for sale through shared ownership. Prices start at 57,500 for a quarter-share of a one-bedroom flat. Applicants will also need access to 3,000 to cover the cost of buying the home. Notting Hill Home Ownership (020 8357 4444; nottinghillhousing.org.uk) ChelseaBridgeWharf NoT far from Bridges Wharf lies Chelsea Bridge Wharf, a riverside development close to Battersea Power Station, Battersea Park -- a new promenade links the development with the 200 acres of green space -- and the chi-chi shops of the Kings Road. There is also an on-site gym and landscaped gardens, and a four-star hotel will open when building is complete. A 25 per cent share of a one-bedroom apartment will set you back 75,000. The full market value is 300,000. Genesis Homes (0800 883 8963; genesishomes.org.uk) OakWharf Found on the River Lea, this north London development lies equidistant from stamford hill and stoke newington, home to lots of cool shops, organic juice bars, a leisure centre and farmers market. some of the flats come with direct views of the river and the occasional rower traversing it (the Lea Rowing Club is close by). The downside is that you have to catch a bus TheWaterfront ThiS development is in Barking, overlooking the River Roding. First- timers have a choice of buying through shared ownership or through the Governments Part Buy, Part Rent scheme, under which you can rent at a subsidised level, allowing you to save for a deposit. The Waterfront is close to Barking Shopping Centre and the Tube station. A 35 per cent share of a one- bed flat costs 47,250. Circle Anglia (0845 304 1007; circleanglia-yourhome.org) StGeorgeWharf When built, the flats in st George Wharf, in Vauxhall, will have views over the Thames towards the London eye and houses of Parliament. next month, notting hill will be launching 38 one- and two-bed flats for shared ownership. it will include cafs, a Tesco and a gym. Prices to be announced. Notting Hill Home Ownership (020 8357 4444; nottinghillhousing.org.uk) by Jessie Hewitson to seven sisters Tube; if youre feeling energetic it takes around 20 minutes to walk. Prices start from 43,125 for a 25 per cent share of a one-bedroom flat. Family Mosaic (020 7089 1315; familymosaicsales.co.uk) YouCANbuyariverview Sharedownershipmeanslivingbythewaterisanaffordableoption Stunning: Bridges Wharf in Battersea will house a hotel when finished Location: The Waterfront in Barking Thames view: Chelsea Bridge Wharf Central: St George Wharf, Vauxhall Peaceful: north Londons Oak Wharf 38 Friday, 25 September 2009 London Lite Affordableproperty index.html2.html3.html4.html5.html6.html7.html8.html9.html10.html11.html12.html13.html14.html15.html16.html17.html18.html19.html20.html21.html22.html23.html24.html25.html26.html27.html28.html29.html30.html31.html32.html33.html34.html35.html36.html37.html38.html39.html40.html41.html42.html43.html44.html45.html46.html47.html