Pioneering development in Reading sells almost a year before completion
PUBLISHED: 16:54 21 July 2014 | UPDATED: 16:54 21 July 2014
A nine-story block of 45 apartments at Chatham Square, Reading have all been sold off plan since they went on the market at the start of the year.
The South Tower which contains a mixture of one, two and three bed properties went on sale earlier this year and is not due to be completed until Spring 2015.
Residential sales and marketing director for Muse, David Caught, said: “With Chatham Squares’ proximity to the town centre, train station and its unique facilities, we knew it would be popular with commuters and first time buyers alike, but we have been astounded at the interest we have had.
“It certainly shows a thirst for high quality homes in a good location in Reading and we look forward to seeing the first occupiers opening their doors for the first time next year.”
The South Tower properties made best use of space to create more than half a dozen three-bedroom properties which has helped to meet the demand for larger living spaces for young families in Reading.
Chatham Square residents benefit from an onsite estate manager, underground parking facilities and high-quality fixtures and fittings.
Steve Woodford, Managing Director of Haslams, attributed the buoyancy of the property market in the borough to the £850million Reading Station development, major track investment from Cardiff to London and the extension of Crossrail network to Reading: “With several major investments coming into Reading in recent years, the town is now a real destination for local people and visitors and Chatham Square is one of the first of many success stories to come.”
Muse Developments is one of the country’s leading names in mixed-use development and urban regeneration. Haslams in Friar Street is the longest established agent in Reading, celebrating its 175th anniversary last year.