Green Shoots launches flagship London development

Green Shoots, from the founders of Yoo and Urban Spaces, has launched its flagship development to the first time buyer market, Silkstream, located in Colindale, North London.

A total of 59 one, two and three-bedroom apartments are available, including several roof terraces; one of which is home to a canopied outdoor gym. Amenity areas have been added on each floor to create a sense of community amongst the residents. These practical yet fun additions to the building include a mini fitness centre with rowing machines and weights, table football, a sewing room, ironing board and shoe shining facilities, as well as message areas with chalkboards for residents to leave notes and arrange social events. Bright colours, eye catching murals and graphics are also added to brighten up the lobby and lift areas.

Green Shoots is giving first time buyers the opportunity to get a foothold on the London property ladder by providing apartments at affordable prices, with one-bedroom apartments starting at £175,000. Those buyers having difficulty raising a deposit can take advantage of Green Shoots' own deferred equity scheme, which enables them to defer 20% of the price for five years with an interest free loan, buying for just 80% of the purchase price, or £140,000 for a one-bedroom apartment.

The cost of travel is a major concern for Londoners, but those reserving before the end of July 2009 will also benefit from a free annual Oyster card zones 1-4.

John Hitchcox, Chief Executive of Green Shoots, said:

"Creating such design and lifestyle-led developments for first time buyers at truly affordable prices will be a first in London.

"Silkstream will appeal to the Capital’s young professional buyer, who is looking not just for an affordable home within easy reach of the centre of town, but also one that delivers carefully planned design features and useful 'extras' such as the outdoor gym and amenity areas. With the emphasis very much on giving residents a sense of community, our communal leisure areas will set this development apart from any other. The deferred equity scheme will make a purchase possible for a number of first time buyers who were expecting to be priced out of the market."

For more information visit Green-shoots.uk.com.