A new London development NOT aimed at investors? Yes! And it’s super-sustainable...
Sustainable developer igloo is launching the third and final phase of seven one- and two-bedroom, low-energy homes at Four Hundred Caledonian Road, a mixed-use eco-development in Islington N1.
It is the first scheme in London to receive a full ‘Outstanding’ 12/12 against the government-backed Building for Life 12 assessment criteria and the developer has been rejecting interest from property investors looking for buy-to-let homes in favour of owner-occupiers who want to put down roots in the area.
The new homes launch on Thursday 29 January, with prices starting at £400,000, and to mark the occasion, Igloo has unveiled the much anticipated show home, which has been designed by Kelly Parfitt, owner of Birdy Design. Parfitt has incorporated locally sourced pieces, including bespoke furniture made on Brick Lane into her design, re-upholstered 1950s Danish armchairs and even a hanging bicycle from critically acclaimed Foffa Bikes completes the look.
In all, Four Hundred Caledonian Road comprises 23 contemporary low-energy apartments, a pair of town houses and three commercial studios, centred around two intimate courtyards. Each home has its own outdoor space, with large balconies and secure cycle storage for residents.
Internally, features include efficient underfloor heating, sustainably sourced bamboo flooring, integrated A-rated Bosch appliances and sustainability manufactured quartz work-tops. The ‘fabric first’ approach to sustainability results in low levels of heat loss and a building fabric performance which is 40% higher than the building regulation standard. Green living roofs with photovoltaic panels help provide free energy for the scheme, while rainwater harvesting, mechanical heat recovery and ventilation, and a Combined Heat and Power (CHP) system result in low-energy homes with significantly reduced emissions and annual energy bills.
John Long, development director at Igloo, said: “Take up at Four Hundred Caledonian Road has been astonishing, especially given that we’ve been turning down interest from buy-to-let absentee landlords. It’s a credit to our designers, Brady Mallalieu Architects, and clearly demonstrates a market appetite for well-designed, sustainable homes with good amenity space in a well-connected location. The new show home helps bring the scheme to life and highlights its quality and ethos. Again, the thanks go to Kelly Parfitt, an up-and-coming interior designer, and her efforts to use local suppliers to show off her work.”
Find out more at 400caledonianroad.co.uk or call joint agents Currell (020 7226 6611) or Savills (020 7354 6705).