Central London apartments from just £52,500
Family Mosaic is offering first time buyers a fantastic opportunity to live in the iconic Strata tower in Elephant and Castle for just £52,500. The 42 storey tower is set to be the tallest residential tower in Central London.
It is also the first development in the world to integrate wind turbines into the fabric of the building which have been designed to bring energy costs down.
The collection of 98 one and two bedroom apartments, named Esprit Apartments are available on a part-buy part-rent basis from just £52,500 for a 25% share. Chris Roads, Sales and Marketing Director at Family Mosaic, comments: “Elephant & Castle is set to become a new sought after residential destination in its own right with a £1.5billion regeneration programme as well as funding from former US president Bill Clinton in the form of the Clinton Climate Initiative.”
“This means the Elephant, as it is locally known, will become a worldwide beacon for regeneration solutions that are both economically and environmentally sustainable. Add to this, the high specification, design and value for money and it is easy to see why we have already received a large number of enquiries from prospective purchasers who want to be part of this exciting new landmark in London.”
Esprit Apartments offers a collection of 51 one and 47 two bedroom apartments, situated on two sites called The Tower and The Pavilion, for low cost home ownership. 89 apartments are situated across eight floors in The Tower, offering purchasers cool contemporary style with a modern specification. The remaining nine apartments in the Pavilions offer contemporary design both inside and out and offer a more secluded option to The Tower but is consistent with the high specification of its bigger brother.
The entrance to The Tower is comparable to a stylish boutique hotel, manned 24 hours a day by a dedicated concierge. For security, residents will have an electronic swipe card for the lifts which will only take them to their floor. Plus CCTV has been installed at reception so residents can see their guests before the concierge shows them to the lift.
Kitchens come equipped with contemporary style fitted kitchen units in matt white, black granite coloured work tops, integrated stainless steel oven and a full height fridge freezer.
Contemporary white sanitary ware is included in the bathrooms as well as a wall mounted heated towel rail, full height satin white feature Italian tiles, Bristan taps and over bath thermostatic mixer shower. All bedrooms come with fitted carpets while all apartments have double glazed full height windows. Low energy lighting is installed throughout.
Esprit Apartments @Strata are situated in the centre of London and are a part of the regeneration project spanning 70 acres. Planning permission has been granted for the creation of a pedestrianised town centre, market square, green spaces, and thousands of new homes by 2014. The regeneration scheme will also consist of a comprehensive tree planting programme. Esprit Apartments are within walking distance from some of London’s most famous attractions including, the Houses of Parliament, the London Eye and the Tate Modern.
The Elephant and Castle is one of London’s true transport hubs with numerous trains, tubes and buses allowing you to get almost anywhere in the capital. Victoria is accessible by bus in less than 25 minutes, as is Shoreditch, while Clapham, Blackheath and Greenwich are about a 30 minute journey. The Elephant and Castle is serviced by two tube lines; the Bakerloo and Northern lines. The Bakerloo line has journey times of 4 minutes to Waterloo and 15 minutes to Baker Street. The Northern Line has journey times of 4 minutes to London Bridge and 17 minutes to Euston. As well as the tube and bus services is the Thameslink overground allowing travel times of 13 minutes to King’s Cross and Blackfriars in just 5 minutes.
Esprit Apartments @Strata are being made available on a part-buy, part-rent basis. This means that you buy the share of your home you can afford, and pay a subsidised rent on the remaining share of the property. You can start by buying as little as 25% and can increase your share at any time, all the way to 100%. To be eligible for the scheme, purchasers will have a household income of less than £60,000 and be purchasing the apartment as their first and only home. Priority will be given to those either living or working in the London Borough of Southwark and surrounding areas.
Prices start from £52,500 for a 25% share based on a full market value of £210,000 for a one bedroom apartment. Two bedroom apartments are available from £67,500 for a 25% share based on a full market value of £270,000. For further information visit: familymosaicsales.co.uk
