A Reflection of style and affordability in EC1
It is surely every city-dweller’s dream: a chic, high-spec apartment in an eyecatching building; an enviable waterside setting; and a superb location in one of the world’s most exciting cities.
With the launch of Reflections, Family Mosaic’s flagship development at City Road Basin, EC1, this dream can be an affordable reality for first-time buyers.
Reflections is a landmark 14-storey building housing 50 one- and two-bedroom apartments. Its position on the Regent’s Canal in fashionable Islington, and its uncompromisingly high-status design and finish, make it the epitome of contemporary cool. And with enviable transport links just a step away, Reflections is the ultimate urban pad for anyone who wants to combine easy commuting with making the most of London’s leisure and cultural scene.
If all this sounds out of reach of today’s hard-pressed first-time buyers, look at the prices: 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.
“At Family Mosaic, we see no reason why affordability should mean compromising on location, comfort or style,” says Lauren Nicholson of Family Mosaic. “Reflections is one of our most glamorous developments yet, offering truly aspirational living at truly affordable prices. Central London properties are desirable in themselves: what sets Reflections apart is its proximity to the canal basin, which provides much-needed space for reflection amid the non-stop excitement of living in the capital.”
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
