Price: £650,000 - £1,650,000
Area: Islington, London
Bedrooms: studios,1-3, penthouses Total area: 46 m2 - 300 m2
The new 250 City Road complex, which is still under construction, is located in one of the fastest growing areas of London - Islington. The 250 City Road complex offers the perfect balance for those who wish to be in a quiet and secluded location, but at the same time have quick and easy access to the heart of the capital. The complex provides 24-hour security, a swimming pool, a gym and a sauna.
The 250 City Road complex offers studios, 1, 2, 3 bedroom apartments, as well as penthouses with all the necessary amenities for a comfortable life, located in a 42-storey building. Each apartment will have its own balcony or "winter garden". Comfort and individuality, the use of the highest quality materials and equipment correspond to the architecture of the creation of this complex, which was designed by the famous architect Norman Foster, winner of the Imperial and Pritzek Prizes. A hotel will also be located on the territory of the complex.
The nearest metro stations Old Street and Angel are a 5-7-minute walk from the complex.
Leasehold is 999 years old
The main characteristics of the complex:
24-hour concierge and porter
Gym and sauna / SPA
20m swimming pool for residents of the complex
The roof terrace of the complex with magnificent views
Panoramic glazing in all apartments
Business zone
Secure parking
The expected completion of construction is the end of 2018 - the middle of 2020
Payment scheme:
- reservation deposit from £2,000 to £10,000 depending on the selected apartment
- 10% when exchanging contracts within 21 days (minus the amount of the deposit paid)
- 10% 12 months after the exchange of contracts
- 10% 24 months after the contract exchange
- 70% upon delivery of the complex
Prices: from £650,000 for studio apartments with an area of 46 m2, from £840,000 for single apartments with an area of 63 m2, £957,500 for a 2-bedroom apartment with an area of 73 m2, from £1,650,000 for a 3-bedroom apartment with an area of 135 m2, the cost of penthouses on request
Investments in new buildings at an early stage of construction are interesting because the buyer fixes the purchase price when signing the contract, and pays only 10% - 20% of the cost of the apartment before completion of construction.
With a 20% deposit and an increase in market prices of about 10% per year, investors earn up to 30% on invested capital before completion of construction with favorable terms of the transaction, such as a deposit guarantee and the right to resell the contract before completion.
New buildings in London are rented with a 10-year warranty from the National Housing Commission (National Home Building Council) in a ready-to-move condition, with a fully equipped kitchen and bathroom and well-finished rooms. As a rule, the developer also provides a 1-2 year warranty on the finishes and appliances.