A property company says that it recently sold half the 14 flats in a Brixton Hill development in a single week.
The sales are further evidence of feverish property activity locally, partly the result of imminent end of schemes to reduce the cost of purchasing property.
Developer Tailored Living Solutions said most purchases were by first-time buyers keen to make savings through stamp duty and help to buy schemes before they end.
It said prices for the remaining “loft-style apartments” start from £450,000 for a one-bedroom flat.
Josh Chadd, managing director of Tailored Living Solutions, said: “We are delighted with the success so far at Two Three Seven Brixton Hill.
“The weekend of the launch of the show apartment we held around 20 socially distanced viewings, now a week later, over half have been snapped up.
“The location, exceptional features and green spaces nearby are exactly what first-time buyers are after.”
Tailored Living Solutions describes Brixton as “the creative hub of South London”.
Earlier this year, when launching the development, Chadd said Brixton “is fast becoming one of London’s most popular residential areas, especially among young professionals and first-time buyers”.
Chadd said a “host of sustainable high-tech features” in the flats were “a real draw to a younger generation, especially as we switch to remote working. Not only do they benefit from savings on bills thanks to the Wondrwall (home automation) system and smart meters, but also have an environment they can comfortably work from home using the lightning-fast internet.”
Residents of Two Three Seven Brixton Hill will have private access to a “secret garden” containing landscapes by graffiti artist Jimmy C, who achieved fame with his David Bowie mural on the side of Morleys.
The development, at the top of Brixton Hill, is on the site of the former Jemca showroom and MOT garage next to the. Arriva bus garage in a former tram shed.
Initial plans were rejected by Lambeth council’s planning sub-committee. Revised plans for 13 flats were accepted in 2018 following agreement by the developer to pay £175,933 “in lieu of on-site affordable housing”.
