Work will start next year on Transport for London’s revamp of hated Wandsworth gyratory, removing the choke collar of traffic from this underrated location.

With two-way traffic restored, better facilities for pedestrians and cyclists, and billions of pounds of investment pouring into the area in the form of new homes and facilities, things are looking up in SW18.

First-time buyers who like the idea of a home in Zone 2, with great shops and restaurants nearby, thriving café culture, lots of green space and great transport links could buy a share of a home at Wandsworth Exchange.

Prices start at £123,750 for 25 per cent of a one-bedroom flat and £150,000 for 25 per cent of a two-bedroom home.

The scheme is in the High Street and less than half a mile from Wandsworth Town station, with 15-minute services to Waterloo. Or Thames Clipper services go to Chelsea, Westminster and Embankment from the new river bus pier at Wandsworth Riverside.

For green space, within a mile of Wandsworth Exchange there’s Wandsworth Common, King George’s Park with its lake and sports facilities, or Wandsworth Park, with great views of the Thames.

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From £695,000: for a one-bedroom flat at Ram Quarter, Wandsworth, SW18. Help to Buy is available. Call 020 3751 3190

Old York Road, near the station, is lined with cafés, restaurants, boutiques and galleries, while Ram Quarter development, almost opposite Wandsworth Exchange, has added an independent cinema due to reopen in September, plus several restaurants, gastropubs, cafés and a weekly street food market. Call 020 3751 3190.

Meanwhile, the recently upgraded Southside Shopping Centre contains a good choice of chains, plus a Waitrose, and a Cineworld cinema.

What else can I buy?

An average flat in SW18 costs £555k but there are also pockets of first-time buyer value to be found.

In quiet, leafy Earlsfield, just south of Wandsworth Town, a two-bedroom period conversion near the station is £450,000 to £500,000.

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£500,000: a two-bedroom flat in Treport St, Earlsfield. Through Jacksons

Jacksons estate agents has a two-bedroom flat on Treport Street for £500,000 (020 8012 4596). Dexters has a one-bedroom Victorian conversion flat priced at £385,000 (020 7483 6333).

Or you could sacrifice period features — a dated, purpose-built two-bedroom flat would be £350,000 to £400,000.

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