large development esprit apartments - FTB Readers' Awards

Marketed as Esprit Apartments @ Strata, the collection
of 51 one bedroom and 47 two bedroom properties
provided by Family Mosaic were hugely popular with
first time buyers resulting in 80 expressions of interest
from people living or working in the London Borough
of Southwark during the 2 day pre-launch in March.
To date, all 98 shared ownership and shared equity
apartments have been reserved to first time buyers
with 86 residents now in occupation.
One of the main attractions to those looking for an
affordable property at Esprit Apartments was the new
initiative by Family Mosaic whereby purchasers would pay
just 1.75% on the monthly rental. So for a 25% share
(£53,125) of a typical one bedroom apartment (market
price £212,500) the monthly cost would be around £744.27
including the mortgage, rent and service charge. Putting this
into perspective, the average rental price for a one bedroom
apartment in Elephant and Castle is £1,092* a month which
means purchasers can make a considerable saving as well as
owning a property themselves.
Towering at 43 storeys above the Elephant and Castle,
Strata is a new architectural icon which currently sits as
the tallest residential tower in Central London. Here, Family
Mosaic provided a rare opportunity for first time buyers to
secure a home for just £52,500 and become part of
a dynamic new addition to the London skyline.
*Source www.nestoria.co.uk