L&Q: Shared Ownership available at regeneration hotspot in West London
One, two and three bedroom apartments at Regency Heights – ideal for first time buyers
Offering first time buyers an opportunity to get on to the property ladder, L&Q has launched a brand new collection of Shared Ownership homes at L&Q at Regency Heights; part of one of the UK’s largest regeneration schemes at Old Oak and Park Royal.
One of 2021’s top property hotspots, identified as one of just 10 regeneration projects in the UK where average prices are lower than the wider area, the average property value in the regeneration of Old Oak and Park Royal is 10% lower than the surrounding areas of Ealing, Brent, and Hammersmith and Fulham.
Helping to make home ownership even more accessible, L&Q’s new one, two and three bedroom apartments homes at L&Q at Regency Heights are available through Shared Ownership – with deposits from just £8,500 required for a 25% share.
Claire Brenlund, Sales Director at L&Q, comments: “This is one of the most exciting new developments in the UK at the moment, and a fantastic opportunity for buyers to take the first step onto the property ladder. L&Q at Regency Heights offers one of the earliest opportunities to buy in this new community, so residents will be able to see this neighbourhood continue to grow around them, as well as shape it’s future.”
L&Q at Regency Heights is in the heart of the wider £26 billion regeneration scheme, which will eventually deliver approximately 25,000 new homes over the next four decades, as well as transforming the Old Oak Common Rail Depot into a major interchange station – making it the only high-speed rail interchange in the UK served by both Crossrail and HS2 services.
Shared Ownership is a part-buy part-rent scheme, designed as a stepping-stone to outright ownership. Buyers can purchase between 25%-75% of their home, only paying a deposit and requiring a mortgage for the share being bought. They pay a reduced rent on the remaining portion, and are able to purchase further shares in their home as and when they can afford to do so.
Regency Heights, a key milestone in the development, has an enviable location on the site of the former Guinness factory, with a linear park running alongside the homes. All L&Q homes have modern open plan kitchens, with fully fitted integrated appliances. Bathrooms are contemporary and spacious, and all apartments also offer private balconies for residents to enjoy the summer months.
New residents at L&Q at Regency Heights will enjoy convenient travel connections from Park Royal and Hanger Lane stations, with a journey time of 23 minutes to Oxford Circus.
Nearby, the well-established neighbourhoods of Ealing and Chiswick offer a range of gastropubs, restaurants and bars, while Westfield shopping centre is also a short trip on the Central Line.
Prices for homes at L&Q at Regency Heights start from £85,000 for a 25% share (FMV £340,000). Two bedroom apartments start from £100,000 for a 25% share (FMV £400,000).
For more information, visit lqhomes.com.
Share to Buy is a one stop shop for affordable homes. On our website, you can search for properties, compare mortgages and find out all you need to know about alternative home buying schemes such as Shared Ownership and Help to Buy via our FAQs and guides.