The launch of Lime Tree Place in Witham, near Chelmsford, brings a central London specification to a quiet Essex commuter town, offering intelligently-designed micro-apartments to first-time buyers with a deposit of just £8,500 through Help to Buy.
A joint venture partnership between micro-living specialists Inspired Homes and Equinox Living, Lime Tree Place comprises 98 one and two-bedroom apartments located on a quiet, tree-lined street, just an 8 minute walk from Witham railway station, connecting directly with London Liverpool Street in 45 minutes and Chelmsford 8 minutes.
Every inch of space is maximised, doing away with hallways, creating light, bright, high-spec and high-tech homes which are within reach of first-time buyers earning an annual salary of less than £30,000. Lime Tree Place’s central London spec features engineered hardwood floors, high-end Italian Arta Cucine kitchens, Italian Tissino taps, cappuccino quartz worktops, Bosch appliances and 1GB Hyperoptic broadband, the fastest connection in the UK. Every apartment comes with its own car park space and secure bicycle storage.
The show homes have been created by interior designer Joanna Ziatabari, featuring luxurious silks and velvets, vibrant and rich yellows and purples and flexible layouts providing plenty of space for entertaining.
Martin Skinner, Chief Executive of Inspired Homes, said: “First-time buyers with a deposit of less than £10,000 might think home ownership is an unaffordable pipe dream, but they’re gladly mistaken. Lime Tree Place ticks all the boxes for those working in Shoreditch or the City of London but looking for a quieter, more affordable place to live, surrounded by the great outdoors but within easy reach of both Chelmsford and London.”
Prices at Lime Tree Place start at £170,000 for a one-bedroom apartment, available now off-plan. The development will complete in autumn 2019, with Help to Buy available from January. For those using this popular scheme, a deposit of just 5% is required to buy a new home, topped up by a Government equity loan of 20%, interest-free for five years, and a mortgage for the remaining 75% of the property’s value. Investors buying at Lime Tree Place will enjoy rental yields close to 5%.
Call the sales team on 020 8688 6552 to enquire or visit www.limetreeplacewitham.co.uk for more information.