"Imagine living somewhere for nearly four decades and then facing the possibility of having to leave the area. This was the case for Auletta Zaccarini who had lived in the Heygate Estate in Southwark since 1974 but with the high rise blocks earmarked for redevelopment, she faced losing her home."
'I needed a decent new home,' said Auletta, 'and although the
council did offer me several properties from its existing housing
stock, none of them were appropriate for me. And I really wanted to
stay in the area where I've lived for 37 years.
'The future was frightening, but at a Family Mosaic open day at
King's College Hospital, the Strata Tower scheme in Elephant &
Castle changed my outlook.'
Not only has Family Mosaic's part-ownership scheme at the Strata
Tower made it possible for Auletta Zaccarini to buy a new home in a
prestigious local development, the support and guidance she
experienced have transformed a potentially upsetting situation.
'With help and guidance from Family Mosaic, I managed to sell my
flat and start the process of buying an apartment in The Pavilion.
I could not have managed the process and the transition without the
help of the sales and support team.'
Auletta purchased a one-bedroom apartment in The Pavilion,
adjacent to and part of the iconic Strata Tower development, whose
42 storeys soar above Elephant & Castle. Family Mosaic further
assisted on the purchase of her new home with an equity loan
towards the purchase price.
Esprit Apartments is a development of 89 one- and two-bedroom
homes that occupy eight floors of the Strata Tower and the low-rise
Pavilion. All properties are now allocated but were available on a
part-buy, part-rent basis, whereby purchasers buy the share of
their home they can afford, starting at 25%, and pay a subsidised
rent on the remaining share.
The Pavilion and the Strata Tower are a dynamic part of a £1.5
billion project to regenerate Elephant & Castle, which is set
to make the area a sought-after residential destination. Planning
permission has been granted for the creation of a pedestrianised
town centre, market square, green spaces, and thousands of new
homes by 2014. The regeneration scheme will also consist of a
comprehensive tree planting programme.
For further sales information, please contact 020 7089 1315