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L&Q launch Shared Ownership in UK’s Fastest Growing Town

L&Q launch Shared Ownership in UK’s Fastest Growing Town

Launching on Saturday 2nd November, L&Q’s new collection of Shared Ownership homes at Saxon Reach will offer an affordable solution to rising house prices in Milton Keynes. Meeting the increased demand for housing in one of the UK’s most sought-after towns, the new homes will enable the city’s high number of renters get on the property ladder.

Situated on the outskirts of Milton Keynes, Saxon Reach is perfect for a range of buyers. This contemporary new development will offer 225 high quality homes, through Private Sale and Shared Ownership. Launching this November, the first phase of Shared Ownership homes will include 10 two and three bedroom houses. One and two bedroom apartments will launch in future phases.

Christine Osborne, Sales and Customer Service Director for L&Q’s Counties region, comments: “Alongside growing transport links and expanding commercial infrastructure, Milton Keynes has topped the jobs ranking with 1.4% employment growth last year. As a result, forecasts show the population of Milton Keynes will grow to over 300,000 by the early thirties and over 400,000 around 2050.* While the demand for homes increases, the average property in the town is now estimated to set a buyer back £303,983[i], making home ownership increasingly out of reach for many. Shared Ownership at Saxon Reach offers an exciting opportunity for buyers who are priced out of the area to invest in a future in the burgeoning town.[ii] Offering housing at more than half of the average price in the area, we’re thrilled to be able to help first time buyers, families and young professionals own their dream home in a fantastic location.”

Set near picturesque Wavendon, the development offers a balance of city and country living, with the bustling town of Milton Keynes reachable in only 10 minutes, and the peaceful countryside within walking distance of the homes. Woburn Sands railway station is a 5 minute drive from Saxon Reach, where trains to Bletchley take 11 minutes and 31 minutes to Bedford. Conveniently placed for commuters, Milton Keynes Central railway station is an 11 minute drive from the development, with direct trains to London Euston taking 33 minutes. 

Surrounded by green space, there are plenty of parks for residents at Saxon Reach to enjoy. A 6 minute drive away, Willen Lake is the most popular park in Milton Keynes and is home to the Treetop Extreme experience, water sports and a vast selection of walking routes. Kents Hill Park at Hawkhurst Gate is a 4 minute drive away and is one of the many nature reserves in Milton Keynes.

Milton Keynes offers a fantastic selection of restaurants, cafes and bars, as well as one of the country’s top shopping destinations. Centre:MK was recently listed the 9th best shopping centre in the UK and is home to 1000’s of brands and food spots.[iii] Local favourite pub, bar and restaurant The Wavendon Arms is a short trip from the new homes, as is buzzing venue The Stables, which holds regular concerts and shows.

Saxon Reach is part of the wider Glebe Farm development area, a growing new residential quarter for Milton Keynes, which will meet the demands of the budding town. 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.

Saxon Reach is one of the first developments forming part of L&Q’s New-Build Homes: Quality Standard promise, a commitment to delivering premium fixtures, fittings and appliances as standard; at no additional cost to the buyer. The stylish homes all offer high-quality specification throughout; Nobilia kitchens are complete with integrated appliances, while bathrooms feature sleek sanitaryware and chrome fixtures. Underfoot, all homes are fitted with premium Amtico flooring, plush carpet and gloss porcelain tiling. Master bedrooms are fitted with mirrored sliding wardrobes and the majority will have an en-suite. Most houses at Saxon Reach are complete with a turfed garden, while apartments come with a private balcony.

Pricing starts from £122,000 for a 40% share of a two bedroom house (FMV £305,000), and £149,998 for a 40% share of a 3 bedroom house (FMV £374,995). Register interest at: https://lqhomes.com/saxonreach/

[i] Rightmove, 2019

[ii] Milton Keynes Council 2018

[iii] Global Data 2018

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