L&Q, a major developer which has won numerous prestigious WhatHouse? Awards for its affordable and private sale homes, has announced three launches of three Shared Ownership collections at developments in Warwickshire, London and Bedfordshire.
For buyers on a modest budget looking for a first home, or currently renting and hoping to get back onto the homeownership ladder, Shared Ownership is an established government-backed scheme where they can ‘part buy-part rent’ a home is a way they can afford. Starting with between 25% and 75%, they can buy a share in the new home and pay a subsidised rent on the remainder. This means a far smaller deposit and mortgage are needed than they would be if they were buying the same property on the open market. Over time, if they wish to and can afford it, the buyer can purchase further shares until they own 100% of the home and no longer pay any rent.
L&Q has just unveiled a host of brand new Shared Ownership homes at current development in the Midlands, Greater London and East of England that property-seekers are now welcome to consider. All properties come with some great fixtures and fittings included as standard – so you can feel completely at home from day one, with no hidden extra costs.
L&Q at Beauchamp Park
New Shared Ownership homes available at Beauchamp Park
L&Q has just released the second phase of homes at its landmark development for Warwickshire, Beauchamp Park, which is set on the outskirts of historic Warwick and Royal Leamington Spa. The first homes to launch in phase two include three- and four-bedroom houses for Shared Ownership, alongside an exclusive collection of five-bedroom houses for outright sale.
Properties at Beauchamp Park come with some great fixtures and fittings included as standard – so you can feel completely at home from day one, with no hidden extra costs.
Beauchamp Park is just a seven-minute drive from the centre of historic Warwick and nine minutes from the Regency town of Royal Leamington Spa, between them providing an impressive range of shops, eateries, independent boutiques, night spots and attractive parks. Families are well catered for with some excellent schools nearby, including Warwick Preparatory School, Stratford Girls’ Grammar School, Warwick School. Beauchamp Park is also a short commute from the University of Warwick,
Claire Brenlund, sales and marketing director for L&Q, commented: “We are thrilled to be launching the second of four phases at Beauchamp Park, our largest development in Warwickshire to date.vOur first phase delivered a broad range of property types, so we already have a mix of first-time buyers, second steppers and even downsizers living at Beauchamp Park – almost all from the local area. This will only grow and develop as we release more homes here. We can’t wait to see how the
Taking the stress out of buying a new home, L&Q is also offering Assisted Move at Beauchamp Park for market sale homes. Prices for the Shared Ownership homes in Phase 2 start from £178,500 for a 25% share for a three-bedroom house (full market value £510,000). Prices for a five-bedroom open-market house start from £650,000.
Find out more about currently available brand new Shared Ownership homes.
L&Q at Ridgeway Views
New Shared Ownership homes available in Mill Hill
L&Q has launched its final collection of Shared Ownership homes at L&Q at Ridgeway Views, comprised of 44 one- and two-bedroom pet-friendly apartments well suited to a variety of buyers and with deposits starting from just £9,062.
The brand-new two-bedroom show home located in Lightbown House has been designed by Dapa Interiors, to create a trendy space for first-time buyers to draw inspiration from. The apartment features artwork from local north London artist, Angela Britton, showcasing her contemporary and minimalist style. The thoughtfully designed homes feature open-plan layouts, offering a contemporary interior space with the flexibility needed for modern living. Kitchens are fitted with fully integrated appliances, durable oak-effect flooring, and downlighting. Each home is complete with a private outdoor balcony or terrace, giving residents picturesque views of the green surroundings.
Once complete, residents at L&Q at Ridgeway Views will have access to a wide range of amenities in their new micro-neighbourhood, including a dedicated 24-hour concierge, gym, parking, and well-maintained communal gardens. There’s communal bike storage available too.
Claire Brenlund added: “Our homes at L&Q at Ridgeway Views have always proven to be popular with a real mix of buyers – Mill Hill is a desirable location for those wanting a quick commute into central London, whilst enjoying the picturesque views of the surrounding landscapes. The final launch of Shared Ownership apartments at this development marks an exciting opportunity for hopeful homeowners to purchase a home in north London through the affordable scheme.”
Just a five-minute drive from the shops and amenities of Mill Hill Broadway’s bustling high street, it’s also around 15 minutes from the renowned Brent Cross shopping centre. For journeys further afield, nearby Mill Hill East Underground station is served by the Northern line and offers direct links to London Euston in just 21 minutes. Slightly further afield, Mill Hill Broadway offers direct train services to the likes of Farringdon and London Blackfriars in around half-an-hour.
L&Q at Ridgeway Views prices start from £90,625 for a 25% share of a one-bedroom apartment (full market value £362,500) and start from £116,250 for 25% share of a two-bedroom apartment (full market value £465,000).
L&Q at Willow Grove
New Shared Ownership homes available in Bedford
L&Q is launching a new collection of six attractive two- and three-bedroom Shared Ownership terraced and semi-detached houses at L&Q at Willow Grove on Saturday 3 June. Creating a pocket of affordability in this attractive suburb of Bedfordshire, homes here will be available with deposits for the new homes starting from just £6,150.
Located on the outskirts of the historic town of Bedford, L&Q at Willow Grove is a new residential quarter nestled within the growing neighbourhood of Wixams, a major new development formed of four separate villages. This new community has been designed to offer a family-friendly place to live complete with local shops, schools, a playground, ponds and a village green.
L&Q’s Claire Brenlund said: “Bedford is becoming an increasingly popular choice for buyers with its vibrant town centre, proximity to green spaces and status as a desirable commuter hub. Interest for larger family houses in the area continues to grow, and our upcoming launch of Shared Ownership homes at L&Q at Willow Grove will cater for this growing demand.”
A fully inclusive specification throughout all homes includes modern kitchens with gloss units, soft-close drawers and integrated appliances including a fridge-freezer, hob, washing machine and oven. Amtico flooring is included in living rooms, kitchens and bathrooms whilst main bedrooms benefit from built-in wardrobes with full-height mirrored doors. Every home has allocated parking, a shed and a turfed garden with paving.
As well as shops and amenities, Bedford offers restaurants, bars, cinema and live music and for those who like keeping active, several gyms, football club, a famous athletics track, swimming pools, rowing club and local golf. There’s also the world’s largest indoor sky diving centre, Priory Marina Country Park and the charming Embankment Gardens.
From Bedford station, regular services run to Luton in just 14 minutes whilst capital commuters can reach London St Pancras in just 38 minutes. Construction work on a new train station for Wixams will commence this year. By car, Milton Keynes is accessible in a 25-minute drive and for adventures further afield, Luton Airport Parkway, Stansted and Heathrow are all less than an hour away.
Shared Ownership prices for the new launch start from £123,000 for a 40% share of a two-bedroom house (full market value £307,500), and at £147,000 for a 40% share of a three-bedroom house (full market value £367,500).
Find out more about current L&Q developments.
Find out more about currently available brand new Shared Ownership homes.