Property description

BuyLondonFlat is proud to present a brand new off-plan 1-bed apartment in the ultra-popular One the Elephant development. This apartment is situated on the 5th floor and benefits a private balcony with a south as well as a west aspect. Located in an ideal spot in Zone 1 Elephant and Castle, it is a stone's throw from Elephant and Castle tube station, which lies on the Northern and Bakerloo Line. Estimated Completion Q4 2015-Q1 2016

The apartment has 578 sqft of well-designed space that will be finished to a very high specification.

One The Elephant is a key part of the transformation of Elephant & Castle, known affectionately to locals as "The Elephant". It will provide 284 high-quality homes in an extraordinary development that will set new standards for sustainable, practical and contemporary London living.

Comprising an elegant 37 storey tower and four storey pavilion, One The Elephant will provide a quality outside space for every home and stunning views of London. It will also become a new focal point for the heart of Elephant & Castle, alongside a treasured local park and new public leisure centre.

If you need further information about the apartment, development or surrounding area please see the floor plans and brochure or alternatively visit the developments website at:onetheelephant.com/one-the-elephant/the-development

This is an opportunity to purchase the pre-exchanged contract of an off plan property for a lower than market value.

This is a contract sale so the seller is selling their contract on a property that is not yet completed. The property is currently valued at £550,000 - £600,000 (once completed), and the asking price for the contracts is £480,000.

1) Agreed Price £480,000
2) Deposit on exchange of £210,120
3) Balance to the developer on completion of £269,880

Once the property has been completed you will be obligated to complete the purchase of the contract from the developer at the sum of £269,880. If you are looking to raise a mortgage for the purchase, please ensure you satisfy yourself with regards the availability of finance on completion as you may be contractually liable to complete BEFORE applying for finance.

Property Features :

• Large 578 sq.ft. 1 bedroom on 5th floor
• Private balcony with south west aspect
• Huge redevelopment in this area
• Short stroll from Elephant & Castle st.
• Zone 1 location on Bakerloo / Northern
• 10 year NHBC warranty to each home
• 24hr concierge service
• CCTV system in public realm and building