New build flats in London are a great option for first time buyers and investors. They are also perfect for anyone who works in London during the week but has a family home a long way out of London. There are new build flats being built in London, all the time, offering a wide variety of choice and location.
New build flats in London are appealing for many reasons. Perhaps the most attractive feature is that they are ‘ready to go’. Everything is brand new. Busy young couples and commuters don’t want to buy a property that needs lots of work. They want their new property to be liveable from the get go. Most new build flats in London come with carpets and flooring in place, white goods installed and they will all be finished to a very high standard. All the homebuyer has to worry about is adding their own furniture and some decorative design elements to make the home their own. New build flats usually come in neutral tones too – so if you do want to add your own touch, the blank canvas is there and ready.
Another appealing aspect of new build flats in London is that can often be purchased through the governments ‘Help to Buy’ scheme. For young couples and first time buyers, this scheme allows them to get on the property ladder when previously they might have struggled. There is no need for a huge deposit – usually 5% of a home’s value – and the government will help with the rest by way of a loan or mortgage guarantee.
New build flats in London will also be extremely energy efficient, saving you money on bills. They will be highly insulated, have quality double glazing, and new build flats in London, such as our stunning, contemporary living spaces, are full of hi-tech features such as energy efficient central heating and water systems, water efficient dual-finish toilets and energy saving lighting.
In general, new build flats in London are up to four times more energy efficient than older properties. According to the National House-Building Council Foundation and Zero Carbon Hub, a one-bedroom ground floor apartment could be 47% cheaper to run and a two-bedroom new build flat in London could be 45% cheaper to run.
So, as you can see, there are many benefits of purchasing a new build flat in London, presenting you with the opportunity to set up a modern, comfortable and affordable home for you and your family.