Mayor of Islington unveils Reflections
The Mayor of Islington, Councillor Phil Kelly recently met with Family Mosaic to officially unveil Reflections, a stunning collection of affordable new apartments at City Road Basin, EC1. Welcomed by directors of Family Mosaic, the Mayor was given an overview of the development and a tour of two stunning show apartments and the marketing suite.
Reflections is a landmark 14-storey building comprising 50 one and two bedroom apartments. Designed to provide chic, high spec affordable new homes for first time buyers, these properties enjoy an enviable waterside location on the Regent’s Canal. Perfectly located near excellent transport links, this development is the ultimate urban pad for anyone who wants to combine easy commuting with making the most of London’s leisure and cultural scene.
The Mayor of Islington, Councillor Phil Kelly comments: “I found my visit to Reflections very informative and it was extremely valuable to discover how Family Mosaic is creating affordable new homes in the heart of Islington. The show apartments provided a great opportunity to see how local people could enjoy an amazing life here.”
Lauren Nicholson from Family Mosaic comments: “We are very proud of Reflections and grateful for the opportunity to show the Mayor how the development is progressing. Our intention for the site is to provide first time buyers with the perfect chance to purchase an extremely cool, glamorous apartment in Central London at a truly affordable price. We would advise all interested buyers to get in touch quickly to avoid possible disappointment, as we already have a long list of people eager to buy.”
The new homes at Reflections are available through Family Mosaic’s shared ownership scheme means that one-bedroom apartments start at just £94,500 and two-bedroom apartments cost from £122,500 for a 35% share. The average price of a flat in Islington is £353,485, according to houseprices.org.uk.
The high-quality styling and fittings of each Reflections apartment ensures luxury living and helps to keep move-in costs down: all kitchens come equipped with granite work surfaces, a stainless steel hob, oven and extractor fan, a full-height fridge/freezer, washer/dryer and spotlights and under-cabinet lighting.
There is oak flooring throughout except for in the bathrooms which feature a contemporary white suite with an over-bath shower and glass screen, and a heated towel rail. Many apartments have private balconies. And with high-speed broadband, wireless and telephone points and a video entry system, Reflections is technologically on the button too.
Reflections is the first of three residential buildings to be developed on the City Road site. Its superb location offers convenience as well as glamour: it is midway between Angel and Old Street tube stations (both on the Northern Line), with National Rail services also available at Old Street. Euston is two stops from Angel, and the international rail hub at King’s Cross St Pancras is just one stop away. A direct link to Stansted Airport runs from Liverpool Street Station, two tube stops from Old Street. The excellent local bus services include routes 43, 214 and 394, all of which stop in City Road nearby.
But one of the joys of the Reflections location is the ease of walking and cycling it offers. With improved cycle ways and the canal towpath nearby, cycling is a real option, and with Transport for London’s cycle hire available close by, you don’t even need your own bike. Islington’s eclectic array of shops, boutiques, bars, restaurants and cultural venues are within easy walking distance.
Apartments at Reflections, are being made available on a part buy, part rent basis. This means that you buy the share of your home that you can afford, and pay a subsidised rent on the remaining share of the property. You start by buying as little as 35%, and you can increase your share by 10% at any time, all the way to up 100%.
To be eligible for the scheme, you will need to be either living or working in the London Borough of Islington, Barnet, Camden, City of Westminster, Enfield and Haringey, have an income of less than £60,000 a year and be purchasing the apartment as your first and only home. Priority will be given to council, housing association tenants and Islington residents.
Prices start from £94,500 for a 35% share based on a full market value of £270,000 for a one bedroom apartment and £122,500 for a 35% share based on a full market value of £350,000.
For further information, visit familymosaicsales.co.uk.