Long one of North London’s most popular residential areas, Mill Hill is well known for its fantastic amenities and transport connections, set against a backdrop of picturesque countryside.

Such a desirable combination of city and village living has caused a boom in the local property market over the past year – with Foxtons reporting that the average sold price in Mill Hill East rose by an extraordinary 22% in 2020.

With the market growing at such a fast pace, it risks this neighbourhood becoming unattainable to first time buyers. However, through Shared Ownership, L&Q are helping new homeowners secure their own slice of Mill Hill, with their new collection of one to three bedroom homes at L&Q at Millbrook Park.

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'Part of a substantial multi-phase development delivering 2,200 new homes alongside extensive community facilities, including almost six hectares of parks and open spaces, L&Q at Millbrook Park offers a characterful extension to the neighbourhood. Residents can enjoy picturesque views of the neighbouring green belt, whilst just two minutes from Mill Hill East underground station, where journeys to Kings Cross St. Pancras take only 23 minutes.

Helping first-time buyers get on to the property ladder, all L&Q homes are available through Shared Ownership – a part-buy, part-rent scheme designed as a stepping-stone to outright ownership.

Under the Shared Ownership scheme, you can purchase as little as a 25% share of your home, and pay rent on the remaining portion. You only pay a deposit on the share you are purchasing, and only require a mortgage that covers your share – two financial considerations than can often make buying a home unaffordable for many. As and when you can afford to, you can purchase additional shares in your property through a process called staircasing, until you own your home outright and no longer pay any rent. 

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To make moving home even more affordable, for a limited time only L&Q are offering £1500 towards all moving fees, so buyers can focus on the excitement of settling into their own place.

Claire Brenlund, Sales Director at L&Q, comments “Shared Ownership is a fantastic option for buyers who are ready to get on to the property ladder, but would have to seriously compromise on location or quality if they bought on the open market. At L&Q at Millbrook Park, homes are genuinely in reach for first time buyers, with deposits starting from just £9,000 for a one-bedroom apartment.”

Every home at L&Q at Millbrook Park includes private outdoor space, giving residents their own dedicated area to enjoy the surrounding greenery. Inside, each apartment features spacious living areas, with an open plan kitchen/dining/living area welcoming in plenty of natural light through floor to ceiling windows. Principal bedrooms are designed with built in wardrobes, offering ample storage for homeowners, whilst two bedroom apartments feature an ensuite bathroom accompanying the principal bedroom. All homes come with their own parking space, ideal for residents planning to utilise the brilliant road links, with the development situated near the A41 and A1, which meet the M1 at Fiveways Corner.       

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Nearby, residents can enjoy close proximity to a range of amenities, including a local Virgin Active gym and Waitrose just a 5-minute walk away. A host of bars, cafes and restaurants can also be reached on foot from the development, with historic gastro pub Adam and Eve a firm favourite with locals and just a 15-minute stroll away.

Prices at L&Q at Millbrook Park start from £90,000 for a 25% share of a one-bedroom apartment (FMV: £360,000). Reserve now to receive up to £1500 towards moving fees, available for a limited time only.

L&Q’s Sales and Marketing suite at L&Q at Millbrook Park is open by appointment only, with the sales team also providing virtual tours if preferred. For more information, visit: lqhomes.com/MillbrookPark