80% Of First Phase Sold At Slough Scheme

Posted 7 April 2021 by Keith Osborne

Help to Buy is soon to be introduced for the remaining homes at the latest phase of a major regeneration scheme...

Since its launch in January this year, some 80% of the first phase of apartments released at Horlicks Quarter have now been reserved – with Help to Buy coming soon on the remainder of homes for sale at this part of the Slough development.

In all, Berkeley will be transforming the iconic Horlicks factory site into a vibrant new community which will provide around 1,300 new homes as well as a range of amenities, all set in landscaped grounds. Catering for a range of buyers, there will be one-, two- and three-bedroom new build and refurbished apartments, plus a number of three-bedroom townhouses.

With the latest data from the Land Registry showing that over the last year, Slough has enjoyed one the most buoyant markets in the UK – with a 15% rise in house prices – the development has been welcomed by house-hunters and investors looking for easy access to London without the property prices demanded in the capital. Located just 22 miles from central London, Slough offers an effortless 15-minute commute.

Launching on 1 April, the new Help to Buy Equity Loan Scheme (2021-2023) is aimed solely at first-time buyers purchasing a new build property. The new scheme introduces regional price caps, with each area of the country having a maximum property value that will be eligible for the scheme. For the South East of England, this threshold is £437,600. Buyers will be able to borrow up to 20% of the cost of a new build home, or 40% if they are purchasing in Greater London. Buyers must pay a minimum of a 5% deposit and then use a Help to Buy mortgage to fund the remaining cost of the property.

The last remaining apartments in the first release, Darjeeling House, will be available to purchase under the newly launched scheme from the end of April. Drawing inspiration from its industrial heritage, the homes will feature spacious, open-plan living areas with full height windows, high-specification kitchens, well-appointed bedrooms with luxury ‘soft-to-the-touch’ carpeting, and modern bathrooms with black framed showers and vanity units.

The individually designed kitchens include Bosch integrated appliances and feature pendant lighting above the kitchen island. Select apartments have a living wall rack for growing herbs and plants. Stone worktops and tiled splashbacks are complemented by Karndean timber-effect flooring. The apartment design also features a dedicated laundry cupboard with plumbing for a washer/dryer.

An extensive collection of amenities is also being created for residents, including a residents-only games room, concierge facility, fitness centre, cinema, plus a large and well-appointed design-led co-working space with superfast broadband for working, meeting or relaxing.

One- and two-bedroom apartments in Darjeeling House are priced from £292,500.

Find out more about Horlicks Quarter from Berkeley.


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