Prestigious affordable home in the shadow of The Shard
The regeneration of Southwark has catapulted SE1 into the premier league of London addresses. With The Shard as its star attraction, London Bridge Quarter has led the rise in fortunes of the area. Given the prestige of this Zone 1 location, affordable family homes are rare, but now Family Mosaic has launched to the market a spacious three bedroom home in the ‘Murano’ building under its shared ownership scheme, offering a level of luxury not usually associated with affordable housing.
The ‘Murano’ building is a boutique development of high-end new homes within London Bridge Quarter, where just one property is available under the shared ownership scheme. Designed by award winning architect Michael Trentham, it is situated just two blocks from The Shard, well situated to make the most of everything this vibrant neighbourhood has to offer.
Lauren Nicholson, Head of Marketing Development at Family Mosaic, comments: “This is a rare and special opportunity to be able to offer a spacious, high-end new build home so close to The Shard. What is more, under Family Mosaic’s shared ownership scheme, we are able to offer this home to buyers who wouldn’t otherwise be able to afford to purchase this sort of home on the open market.”
The ‘Murano’ building has been conceived as a design-led development, its brick exterior helping it integrate effortlessly with the neighbourhood, while combining glass and steel to create a building of a uniquely 21st century style. In a nod to the soaring glass pinnacle of The Shard, glass plays an important role in the design features of Murano, notably in the colonnade of stained glass windows on its ground floor and the ‘glass box’ on the building’s roof which provides access to the residents’ roof terrace.
The apartment available under shared ownership, situated on the second floor, features two double bedrooms and one single, as well as a spacious private balcony. Sharing the same exquisite finish and attention to detail as the homes for private sale, all materials, appliances and fittings are carefully selected to complement the overall styling of the development and ensure a feeling of luxury.
Its interior specification includes dimmable LED downlights, underfloor heating, a full height American Walnut front door and White Oak effect flooring. Every creature comfort is considered, so the bathrooms feature motion sensor lighting, a custom-built mirrored wall unit with recessed lighting, as well as the full range of high quality fittings. The kitchen is sleek and sophisticated, fitted with Silostone Cemento Spa worktops, high-gloss Poggenpohl units and Siemens white goods.
The building has been designed to the highest standards of sustainability, resulting in CO2 emissions 25% below current Building Regulations. Not only does the central air source heat pump provide heating and hot water to all in a very energy efficient way, energy efficient lighting and superior insulation are used throughout, while a smart meter in every apartment shows the resident their individual energy consumption. The home has its own secure bicycle store to encourage cycling.
Buying under shared ownership from Family Mosaic allows the purchaser to buy the share of their home that they can afford – as little as 25% - and pay a subsidised rent on the remaining share of the property. They can increase their share at any time, right up to 100%. The scheme is open to households with an income of up to £80,000.
Within the Borough of Southwark, Bermondsey has established itself in recent years as one of the capital’s top foodie destinations, with the gastronomic Borough Market and the mix of restaurants, cafes and bars on Bermondsey Street offering a wide array of places to suit all tastes. The location also offers convenient transport links, with Borough underground station a five minute walk from the ‘Murano’ building, while London Bridge overground and underground stations are just seven minutes walk away.
The three bedroom apartment at Murano is available for £187,500 for a 25% share, based on a full market value of £750,000. For further information, visit muranobuilding.com.
