With the price of a one bedroom apartment in Zone 2 averaging £475,000 according to property portal Zoopla.co.uk, young Londoners can seize the opportunity to purchase at Genesis’ brand new development, Mondrian, in the heart of trendy Shoreditch, East London. Prices for a one bedroom apartment are an astounding 30% cheaper than nearby Battersea and Camden.
Offering the same monthly travel card costs and similar journey times, Mondrian’s guide prices of £440,000 for a one bedroom apartment work out vastly cheaper than other areas of London’s Zone 2, according to figures on Zoopla. In Battersea, for example, the average price for a one bedroom property is a staggering £633,400, over a third more expensive than the equivalent at Mondrian. Meanwhile in Camden, one bedroom properties are on average 40% more expensive, at £730,000.
The first phase at Mondrian is made up of just 14 one and two bedroom apartments that are perfectly suited for young professionals looking for a home in the city, just minutes from the West End. With superb transport facilities and excellent amenities on the doorstep, this fashionable area of East London is fast becoming a London property hotspot.
Mondrian is located off Shoreditch High Street, on the site of the former Mildmay Mission Hospital. The homes are designed to incorporate modern architecture yet be sympathetic to the historical surroundings. Once completed, the development will see a range of one to five bedroom apartments and maisonettes in four buildings with mixed tenure.
The design of the modern apartments boasts a high quality specification. All apartments feature wood flooring, white gloss walls and private balconies, while kitchens offer granite worktops, contemporary chrome fittings and integrated Bosch appliances. Mondrian is a highly eco-friendly collection of homes, built with a Fabric First heating system, triple glazed windows and denser walls that enable residents to keep bills to a minimum as well as keep apartments comfortable.
Perfect for commuters, residents are ideally placed to benefit from the excellent travel links. Hoxton and Shoreditch High Street Overground stations are both under 10 minutes away on foot, from where trains take just 10 minutes to Canada Water for underground connections. Multiple bus routes run from adjacent to the development, taking residents direct to Liverpool Street, Tower Bridge, London Bridge, Waterloo, Holborn and Battersea. For those who wish to benefit from the proximity to central London and get some exercise, the area is part of the London Cycle Network, and London Bridge is approximately 15 minutes away by bike.
Becoming ever more popular with young city workers, Shoreditch’s vibrant and colourful neighbourhood is buzzing both in the day and night-time. The famous Brick Lane, Spitalfields and Columbia Road Flower Markets are all just minutes from the development, and a plethora of bars, nightclubs and restaurants all add to the trendy vibe. Shoreditch has a long history with the arts scene, being the entertainment central of East London during the Victorian times.
Guide prices are as follows: one-bedroom apartments are available from £440,000, a two-bedroom apartment from £565,000 and £880,000 for a three bedroom apartment. For further information visit http://www.genesishahomes.org.uk/Mildmay-shoreditch/ or call 0800 542 7236.