Moselle Gardens sits in this thriving new development of Clarendon, a brand new 12-acres mixed use masterplan located between Hornsey and Wood Green in North London, approximately 9km from London’s King’s Cross.
Moselle Gardens is located in an already mature neighbourhood, bordering quaint Crouch End and Muswell Hill area, surrounded by Victorian landed residential housing in Hornsey, with only a mere 5 minutes-walk away to a neighbourhood shopping mall and one of the longest high streets in London, with ample shops, food & beverage restaurants and services for the community.
Moselle Gardens is mere minutes to Alexandra Palace Gardens, one of London’s most iconic green spaces with 196 acres of rich parkland and woodland with breath-taking views overlooking London. The Alexandra Palace Theatre is famous for hosting local festivals, events and concerts. The vast outdoor space is a local attraction to the community providing farmers market, children play areas, skate park, ice rink and F&B options suitable for picnics and gatherings.
The area also boasts with great local schools, with 11 primary and secondary schools in the immediate vicinity rated as Ofsted good or outstanding.
Connectivity
Moselle Gardens is well served by both the National Rail and Underground connections, with 4 stations close by the development and only 9 minutes-walk to Hornsey National Rail station (3 stops to King’s Cross – London’s Tech & Transport Hub) and Wood Green Station (Piccadilly line) with direct connectivity to top London universities such as UCL, LSE, King’s College London and Central Saint Martins in less than 30 minutes.
The Piccadilly line has also direct connectivity to Chinatown, Covent Garden, Buckingham Palace, Knightsbridge and Heathrow Airport.
A proposed Crossrail 2 station (that cuts through North and South of London) is planned on either one of the 4 stations nearby, which will enhance the location further as an important commuter neighbourhood, boosting the area’s liveability and future growth potential.
Demand for new housing
There is currently an undersupply of new housing in London and it is estimated that London needs 66,000 new homes a year to cater to the growing population. Clarendon is located within the wider Haringey regeneration which will see new infrastructure developments as well as expansion of the neighbourhood taking place in the coming years.
London has remained as the World’s most popular student city, with QS rating London as Best Student City in 2022. In 2020/21 academic year, UK has hosted 605,130* International students, hitting the 600,000 target a decade earlier, with UCL and King’s College hosting the most International students in London. This has also provided a boost to the rental market with rent prices now recovered to pre-covid rates.
The UK is also actively encouraging talents retention, with the new UK graduate visa, international students can extend their visa for a further 2 years to look for employment. A recent 2021 study also shows that 71%* of international students intend to stay back in the UK to work after graduating.
The Masterplan
The new release Moselle Gardens, takes after its name from the Moselle River which runs through the heart of the development that borders Hornsey, Wood Green and Alexandra Park, is aiming to connect the landscape-led masterplan with nature and heritage, targeting to deliver 71% net gain biodiversity with around 250 trees, parkland, habitats & native planting and green roofs, creating a highly sustainable and low carbon neighbourhood, by offering a village lifestyle to its residents so close to London.
Moselle Gardens consists of 4 short storey buildings and designed with each building separated with landscaped pocket gardens, providing ample space, privacy and inviting the greenery into the apartments.
The masterplan also aims to provide an upgrade of lifestyle by incorporating residents’ amenities, facilities and building a close-knit community within the neighbourhood. Apart from the residential spaces, there is 125,000sqf of commercial & retail spaces, amenities such as children’s playground, crèche, Co-op grocer, cafés, landscaped parks & social spaces, walking trails (Moselle Walk) which follows the path of the Moselle River underneath.
Affordable luxury living such as The Park Club offers 10,000sqf of residents’ facilities which includes a 24-hour concierge, gymnasium, Yoga studio, intensity studio, residents’ lounge, flexible co-working space, treatment room, spa and steam room and a 16-metre swimming pool.
Azure Mansions
Azure Mansions is the first release of 55 apartments of the total 288 units in Moselle Gardens phase, featuring a range of Manhattan, 1 and 2 bedroom apartments, with all units include its own private balconies. Most apartments have views facing landscaped pocket gardens and some on the higher floors have sweeping city views across London. The apartments are elegantly interior designed by award winning designer Fender Katsalidis, with 3 unique colour palettes that gives the apartment a refreshing and modern look.
The apartments are fully fitted to a high standard. The living and kitchen areas are fitted with two colourways of timber effect flooring and two colourways carpets in bedrooms, with underfloor heating throughout the apartment.
The kitchens are fitted with soft close cabinets with bespoke cupboard handles and satin brass utensil rail, stone worktop, built-in European electrical appliances (cooktop, extractor hood, oven, dishwasher and fridge freezer) with full tiled splashback. Master bedroom is fitted with a built-in wardrobe and the bathrooms are fitted with bespoke designed vanity unit with composite stone top and towel bar, concealed cistern and polished chrome dual flush button.
These stylish new dwellings attracts both tenants and owner occupiers alike, attracting young professionals, downsizers, quality occupants into the development and community.
Azure Mansions residents’ also have access to the private resident roof gardens, which has sweeping city views across London.
Attractive entry price and rental yields
Moselle Gardens benefits from a long leasehold tenure of 999-years, and will be launched in Malaysia this March. Malaysian investors and home buyers have the opportunity to invest early in the development, taking advantage of the infrastructure upgrade and wait for capital appreciation.
With close proximity to King’s Cross and the City, there is a very strong professional tenant demand working in the tech sector where global companies such as Google, Facebook, Samsung, Nike, Expedia Group (to name a few) are based in King’s Cross.
An apartment in the Moselle Gardens phase has a starting price of £400,000# and the 2 bedrooms priced from £590,000# , with only staged deposit required and no further payment until the completion of the property, which is expected to be in Q4 2023 – Q1 2024. Mortgage can be applied 6-months before completion.
Benham and Reeves have already rented out properties in the development and in the area, with actual rental yields currently achieved at up to 4.5%, with property prices projected to increase 4% year-on-year in the next 5 years*. Those who need the property completed sooner, there are still a small number of units available in the earlier phase which has an earlier completion date within April to October 2022.
Financing and after sales services
For interested investors who wish to know if they will qualify for a mortgage, we are able to arrange for both UK and Malaysian based lender to advise on individual credit assessment and foreign lending criteria.
Benham and Reeves are a London based property company with more than 60 years’ experience in the industry, providing advisory and full after sales services of your London properties, from furnishing to lettings, property management, taxation and sales valuation, we have our in-house consultants who are present to assist and guide first time buyers and investors who are looking to expand their London property portfolio.
Cornerstone Xstate and Benham & Reeves will be launching Moselle Gardens on the 26th and 27th March (Saturday & Sunday) at The Four Seasons Hotel Kuala Lumpur, Level 6A, Ballroom 1, from 10am to 6pm. As we comply with the Covid-19 SOP, it is advisable to reserve your attendance in advance to book your preferred time slot.
Please contact Melvin (PEA 2346) at 012-228 6478 or Michelle (PEA 2347) at 013-388 6813 to make an appointment or log on to www.benhams.com/london/clarendon for further information or register your attendance.
Cornerstone Xstate Sdn Bhd 1289663-A | A-5-10 & A-5-11 Block A, Ativo Plaza, No.1 Jalan PJU 9/1, Damansara Avenue, Bandar Sri Damansara, 52200 Kuala Lumpur. T 03 6261 7238. Benham & Reeves | A-1-10 Plaza Damas 3, Block A Jalan Sri Hartamas 1, Sri Hartamas, 50480 Kuala Lumpur. T 03 6211 6478. Approval number: LPEPH/FE/011/2022 (KL). #Price quoted is available at time of publish & is subject to availability.