Luxury Property Developer Launches Affordable Homes at Historic Site

by Alicia Simpson

Wednesday, November 2nd, 2016

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Kinleith Mill Exterior, Cala Homes

An upmarket homebuilder has officially launched its Golden Share apartments at significantly discounted prices at its latest hotspot in Currie, with four of the nine available selling in just four weeks.

CALA Homes (East’s) Kinleith Mill is an idyllic, tree-lined development by the Water of Leith, offering a selection of unique homes that pay homage to the brownfield site’s mill heritage.

 

Now, the collection of ‘Golden Share’ properties by CALA, in conjunction with Edinburgh Council, have come on to the market at the riverside development, giving first time buyers and those looking to take the next step on the property ladder the opportunity to find their dream home.

 

‘Golden Share’ means that the asking price a buyer has to pay on day one to purchase their share of the property is capped at a more manageable level. The buyer will own 100% of the property but its price is capped at 80% of market value on first sale and all subsequent resales.

 

Stala Thomson, Sales Manager at CALA Homes (East), is encouraging buyers to register their interest now, to be in with a chance of snapping up one of the remaining five highly-anticipated properties.

 

She said: “This is a fantastic opportunity for many house-hunters who have a connection with the Lothians, through employment, family or cultural ties, as it allows prospective buyers, especially first timers, to secure their ideal property – without believing it to be out of their reach.

 

“The reputation of CALA has been built on the quality of the homes we deliver and that is what these buyers will be getting – complete with the full CALA customer care package.

 

“Currie is ideally positioned with everything a home-owner would want within reach, but it’s the tranquil lifestyle this well connected, but semi-rural development offers that really separates it from the rest.

 

“This truly is a chance for first time buyers looking to climb onto and for those trying to take the next step up the property ladder to do so in a popular location; the volume of interest has been very high so far and we expect this to grow.

 

“We would urge any keen homebuyers to register their interest as soon as possible so as to not miss out on one of these must have properties.”

 

To reflect its historical past, the design concept of the site takes inspiration from the traditional mill style buildings that originally occupied the land, with its unique red brick and attractive iron railing design giving it a real sense of character and place.

 

Thanks to its Currie location, buyers at this development will also benefit from a selection of local shops and amenities within walking distance, rapid transport links on their doorstep and, with the bypass less than five miles away, Kinleith Mill is also ideal for those looking to commute in and out of the city.
Qualification criteria applies for CALA’s two bedroom Golden Share apartments which are priced at £185,000. A further 9 apartments and 4 terraced homes will be released towards the end of 2017.

 

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