Islington new hotspot for international buyers

Durkan Estates reports new homes at its Morton Grand development in Islington have been an international success with eight apartments being sold in the past couple of months to French, Italian and Far Eastern buyers.

Capitalising on the weak pound international purchasers are getting great value for money at the converted 19th century former boarding school.

Featuring a collection of one and two bedroom mezzanine apartments in the former Art block and six mews houses in the former Language block, Durkan Estates have carefully restored the stunning Victorian school building, providing apartments with integrated contemporary kitchens featuring granite and stone worktops and lacquered timber flooring.

Kathryn Price, Development Manager of Durkan Estates, comments: “Despite the state of the global economy London is still one of the most desirable places to live in the world. Morton Grand is a fantastic development in a chic, youthful and vibrant area of the capital. With fantastic transport links to the centre of London and to St Pancras International with the extension of the Eurostar, it is easy to see why Morton Grand is so attractive to international buyers.”

Nick Davies, Partner at Thomson Currie Estate Agents, comments: “We have seen an increasing number of European buyers in recent weeks. The development offers an excellent investment opportunity for European buyers who are looking to take advantage of the strength of the euro against the pound. The site is located moments from Upper Street and its proximity to the City of London offer investors good rental prospects. Morton Grand is finished to a high standard with the benefit of apartments within the beautifully converted school or apartments within the new build blocks located in the grounds of the old school.”

Elegantly renovated, the apartments feature modern touches; ceramic part tiled walls and floors, electric heated chrome towel rails in the bathrooms and en suite showers to selected plots. The kitchens come complete with integrated stainless steel oven, hob and extractor hood, integrated dishwasher and fridge/freezer. All apartments also have a video door entry phone system. Some apartments are split over two floors offering wonderfully spacious and flexible living accommodation. The vaulted ceilings in the mezzanine apartments allow natural light to flood through the main living areas.

Located off Ecclesbourne Road, Morton Grand is in a fantastic location for city workers or young purchasers wanting to live in a sought after area of London. A short walk from Essex Road Rail station and situated in between Angel and Highbury and Islington tube stations, Morton Grand has terrific transport links to the rest of the capital. The borough of Islington is home to the popular Upper Street, offering an eclectic range of bars, pubs, restaurants and comedy clubs for an evening out or a wonderful combination of boutique shops and more popular names for day time shopping.

Morton Grand is not the only Durkan Estates development that has had a large amount of interest from foreign buyers. Their Wimbledon development, Chorus, a collection of one, two and three bedroom apartments situated on The Broadway, has proven incredibly popular with South African and Russian purchasers with only ten apartments left.

Prices start from £265,000 at Morton Grand. For further information and to arrange an appointment, visit morton-grand.com.