Fairview New Homes is regenerating land in The Ridgeway where Chingford Municipal Offices once stood. The developer is building 88 new homes and will refurbish the old town hall at a later stage of the build.
Sales Director Steven Allenby said: Connect is the only development of its kind in Chingford and we have been overwhelmed by how well it has been received.
Families have been competing for the first release of four-bedroom homes. The apartments are yet to be released but we have taken earlybird reservations on more than half of them.
We originally planned to open a showhome in the spring but with current demand we will not need one.
The Help to Buy scheme for new-build homes is helping to drive sales at Connect. The scheme enables buyers with a five per cent deposit and 75 per cent mortgage to buy a new home. The remaining 20 per cent is provided by the government as an equity loan which is interest-free for five years.
The Ridgeway had been home to Chingford Urban District Council since the town hall was built in 1929. The town hall and L-shaped office buildings were later used by the London Borough of Waltham Forest, which is now based in Walthamstow. The offices were vacated six years ago and the modern buildings were demolished in 2012.
Prices currently start at £495,000 for a four-bedroom house at Connect. Prices for the apartments will be released this week.
For more information on Connect see www.fairview.co.uk or call 0800 883 0350