Increased interest from buyers coinciding with the first anniversary of the Games saw around 50 homes sold in just one month, meaning that only 20 of the 300 private homes are still available to purchase. All 400 socially rented properties at The Village are already occupied.

The Village, which is only three miles from Glasgow city centre, was built by City Legacy - a consortium of Glasgow companies CCG, Cruden, Mactaggart & Mickel and WH Malcolm. The site also has a 120-bed care home under construction, river views and direct access to the Cuningar Loop, a new 15 hectare riverside woodland park which will open in Spring next year.

Also close to The Village is the Dalmarnock Legacy Hub - a centre for the local community with a GP surgery, children’s nursery, chemist and shop which is due to open in a matter of weeks. Glasgow City Council will also build a new primary school and nursery at the Village, due to open in time for the 2017/18 academic year.

Joanne Casey, sales and marketing director for City Legacy, said: “While we always knew The Village would be successful, we have been taken aback by the speed at which the homes have sold, in what is still a challenging time for the housing market. To be on course to fill this entire development by Christmas 2015 is a phenomenal success. We put this down to the high quality and energy efficiency of the homes, the fantastic value for money, and the close proximity to Glasgow City Centre, transport connections and world class sporting facilities.

“As our intention was to create a real community here, not just desirable homes, we are particularly pleased with the high number of first-time buyers and extended families that have moved here. Dalmarnock has undergone a huge transformation and it is important that this regeneration area leaves a lasting legacy, so we made a conscious decision not to sell our homes to buy-to-let investors. We were determined to ensure that homes were sold to buyers who will actually live here, and I think we are reaping the benefits now as you can really begin to see a new community being established.

“We believe that The Village is really challenging the way the East End of Glasgow has been perceived for many years, and is a fantastic example of the lasting legacy that the Games has made.”

Over the past year, the Village has gained over 20 awards for high quality design and excellent energy efficiency measures. These include Best Sustainable Development at the Scottish Business Awards, winner in the Large Scale Housing Development category at the Scottish Saltire Design Awards, and the Regeneration winner at the Scottish Design Awards.

A community consultation on plans for a further 200 homes, immediately to the south-west of the site, has recently been completed.