Leading PRS landlord Fizzy Living has closed a deal with Taylor Wimpey to purchase 111 one, two and three bedroom flats within the new 500-unit Eclipse development under a forward funding structure.
The site lies a stone’s throw from Blackhorse Lane tube station, which is serviced by the Victoria Line that now operates 24 hourly on Fridays and Saturdays and can get commuters to Kings Cross, Oxford Circus or Green Park in under 20 minutes. The development’s close proximity to the night tube will be one among several factors making it popular with busy professionals in their late twenties and thirties – known as “rentysomethings” – who account for a large proportion of Fizzy’s target demographic.
The development will include a large modern commercial unit to house Fizzy Living’s signature dedicated property manager, known as a “Bob”, and provide an interactive hub where tenants can socialise and work.
As part of the wider development, Taylor Wimpey will create a park linking the Fizzy apartment complex with the Walthamstow Wetlands and the wider 10,000 acre The Lee Valley Regional Park.
Like all other Fizzy sites, Fizzy Walthamstow will be pet friendly and offer its residents fully furnished apartments with fibre optic broadband included.
Construction of the development is well underway and practical completion of the first block is scheduled for July 2017.
Harry Downes, Managing Director of Fizzy Living, said: “Fizzy Living is delighted to be working with Taylor Wimpey on this exciting scheme. The opportunity delivers all Fizzy’s purchase parameters, and its location is perfect for fast access to The City and West End. Fizzy looks forward to continuing its relationship with TW on similar opportunities in 2017.”
David Pelle, Land Director at Taylor Wimpey East London, added: “We are delighted to have teamed up with Fizzy Living to forward fund the first phase of our exciting Eclipse development in vibrant Walthamstow. This prestigious collection of brand new apartments will provide Londoners with a fantastic opportunity to live in a beautiful home in a well-connected, highly-desirable part of the capital.”