Inspired Homes has launched its first central London micro-apartment development, Abbeville Place, offering a rare chance for young professional renters to get a foot on the ladder in one of South West London’s most sought-after locations.
The development, comprising 41 high specification one and two-bedroom micro-apartments, is located just a stone’s throw from Clapham Common and the trendy bars, cafes and shops of Clapham High Street, in the heart of highly desirable Abbeville Village.
Apartments at Abbeville Place are around 20% more affordable than typical new builds in the area because they are smaller. With Help to Buy London, buyers with a 5% deposit of £21,250 can take advantage of a 40% Government Equity Loan, meaning they only need to raise a mortgage for the remaining 55% of the £425,000 purchase price to buy an entry level one-bedroom apartment. This equates to monthly repayments of approximately £863 on a typical 30-year mortgage at 1.99%.
The development offers seamless living spaces that do away with space-wasting hallways to create homes that are streamlined for the city dweller. Originally a 1930s office building, Abbeville Place has been converted by Inspired Homes, working with architects Child Graddon Lewis, to create a striking new gated residential community set in beautiful landscaped gardens.
With designer kitchens and bathrooms, white quartz worksurfaces, Neff appliances, oak engineered wood flooring in living areas and porcelain marble-effect bathroom tiles, Abbeville Place offers a luxurious specification at a price that’s affordable, along with British designed Smart home technology by Orcomm and the UK’s fastest broadband, Hyperoptic.
Martin Skinner, CEO of Inspired Homes, said: “Micro-living is growing in popularity among London’s young professionals who want to swap renting for homeownership. We help those otherwise priced out of the market to get a foot on the ladder, whilst providing a beautiful spec that they can show off to friends as proud homeowners. They won’t find anywhere else as affordable with this spec, in a prime Abbeville Village location.
“That being said, our micro-apartments should also prove popular with city workers seeking a low-maintenance pied à terre where they can base themselves during the week, and investors seeking to buy into Clapham’s strong rental market.”
Danish furniture retailer BoConcept have created a sense of understated elegance in the two-bedroom show apartment, with a premium interior scheme that will appeal to Clapham’s young professional market. Francesca Grassi, Design Manager at BoConcept Contract, said: “We created a fresh, elegant design which is very contemporary in the use of materials, with noir elements, accent blues and touches of brass to add warmth. We wanted to showcase the sense of space as much as possible by using furniture with clean lines, wall mounted bookshelves and clip on nightstands, with additional storage beneath beds.”
Nestled among Abbeville Village’s beautiful residential streets are a parade of independent shops, including Gail’s Artisan Bakery and Ginger Pig Butchers, MacFarlane’s Fromagerie and Bottle Apostle’s wine and craft beers. Local restaurant choices are vast, ranging from Latino cocktails and cool pop ups at Brixton Market to some of the capital’s most esteemed Michelin starred restaurants just around the corner on Clapham High Street.
Clapham Common Underground station is just five minutes’ walk from Abbeville Place, with the Northern Line heading straight into the heart of London in just 17 minutes, through Old Street’s Silicon roundabout and on to Kings Cross in 25 minutes for Eurostar services from St Pancras International to the continent. Clapham Junction is just a fifteen-minute walk away, offering connections across the South East.
Prices from £425,000 with London Help to Buy available.
Call 020 8688 6552 to enquire or visit www.abbevilleplaceclapham.co.uk