The joint ventute has acquired the site on on Farm Lane for £39m with funding from Barclays Real Estate.
The new scheme will include 107 new homes, of which 89 will be for private sale and a further 18 for “discount market sale”.
The Farm Lane development will be an exclusive gated community and will also feature 100 parking spaces as well as a 24-hour concierge, spa, and landscaped gardens.
Construction is set to start this year with completion by Spring 2015.
The Fulham development represents the second joint venture between Affinity Sutton and Mount Anvil within the last 12 months.
Their joint venture on the Lexicon at 261 City Road will create a 36-storey tower overlooking the Regent’s Canal with 307 residential apartments.
Jon Spring, Land Director of Mount Anvil, said: “For Mount Anvil this represents our first step into the high value West London market.
“It adds yet another dimension to our already robust and rapidly expanding portfolio.”
Yvette Ruggins, Sales Director for Affinity Sutton, said: “Affinity Sutton has as ambitious development programme and aims to build 10,000 new homes in the next ten years.”