Launching this April, (17/18 April), L&Q are launching two limited releases of Shared Ownership homes at Glebe Farm, Milton Keynes, Buckinghamshire. L&Q at Wavendon Chase, a small collection of homes in the first phase of 1 and 4-bedroom houses and apartments and, L&Q at Glebe Meadows with 2-bedroom houses. These L&Q Shared Ownership collections are ideal for couples and young families making their first steps onto the property ladder with our affordable Shared Ownership scheme.
L&Q at Wavendon Chase and L&Q at Glebe Meadows is part of the wider Glebe Farm development area, a growing new residential quarter for Milton Keynes. Glebe Farm will deliver new retail and commercial facilities, a doctor’s surgery and sports and leisure facilities, as well as an extension of the Milton Keynes Redway system – a 200 mile network of shared use paths for cyclists and pedestrians. Perfect for families, the site will also be home to two new schools – a primary and a secondary school.
L&Q at Wavendon Chase will be offering high-quality specification homes at affordable prices for first time buyers and young professionals with a unique opportunity to own their very own home. Starting prices from £70,500 at 35% share with a low deposit of £3,500 for a 1-bedroom apartment.
Over at L&Q Glebe Meadows, the contemporary 2 bedroom homes are perfect for young families and first-time buyers and are available from £108,500 at 35% share with a deposit of £5,425.
Shared Ownership makes it possible to own your home – even if you feel priced out of the property market. It’s an affordable home ownership scheme designed as a stepping-stone to outright ownership if you can’t afford to buy a home on the open market. Under the Shared Ownership scheme you part-own and part-rent your home, making it possible for first-time buyers and families to get on the property ladder.
Christine Osborne, Sales and Customer Services Director L&Q (Counties Region), comments: “We’ve seen a significant and continued demand for Shared Ownership in and around Milton Keynes over the past two years and have a number of happy and satisfied homebuyers who have brought their first homes through L&Q Shared Ownership scheme in the area. With its prime location set along the Cambridge-Milton Keynes-Oxford corridor, Milton Keynes is a growing city and a base for a number of leading national and international companies, the city has seen significant population and employment growth over recent years. We are pleased to be delivering a range of homes for single people, couples and families looking to put down roots in this flourishing area.”
Residents will enjoy close access to the town centre and local village Wavendon, whilst being nestled amongst some of the most scenic parks and local attractions. As well as direct links to Oxford and Cambridge, Saxon Reach is well-connected to both London and the North, close to the M1 via the A421. The development is also a short drive from Milton Keynes train station, providing regular half an hour journeys to London Euston.
All of our Shared Ownership homes are finished to a great standard throughout with contemporary new kitchens and bathrooms and allocated parking with every home.
Prices start from £70,000 for a 35% share of a one bedroom apartment (full market value £200,000) and £136,000 for a 35% share of a four bedroom house (full market value £390,000).
L&Q at Glebe Meadows is available from £108,500 for a 35% share of a two-bedroom house (full market value £310,000).
Register interest at lqhomes.com/Milton-keynes, or contact our sales team on 0333 003 2346 for L&Q at Glebe Meadows.