L&Q Launch New Homes in Reading for London Leavers

As hopeful buyers continue to seek more bang for their buck, an increasing number of Londoners are looking to purchase properties outside the capital – with a record 40% of first-time buyers leaving the city to buy their first home last year. * With homes across London selling for an average of £688,800**, more potential purchasers are now looking to the surrounding counties for a more affordable route onto the property ladder.

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Giving first-time buyers the opportunity to purchase just 25 minutes outside of the capital, L&Q is launching a new collection of two-bedroom apartments at L&Q at Huntley Wharf on 30th and 31st of July, located in the heart of buzzing Reading.

 

A joint venture between L&Q and Berkeley Homes, the new homes form part of an exciting urban hub which will soon be a vibrant new destination for Reading. At L&Q at Huntley Wharf, residents will benefit from a plethora of facilities on-site, including a restaurant, local store, and gym, all conveniently located in the development’s central hub, Riverside Square, as well as landscaped open spaces along the river.

 

Claire Brenlund, Sales and Marketing Director at L&Q comments, “We have seen a surge of interest for our new Shared Ownership homes at L&Q at Huntley Wharf over the past couple of months. Not only are the new two-bedroom apartments ideal for local people looking to put down roots in their hometown, but they are also well-suited for those considering leaving London and moving to a commuter town. Making for quick and easy journeys back into the capital, L&Q at Huntley Wharf is located within walking distance of Reading train station, which now benefits from the new Elizabeth Line, as well as National Rail services.”

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All homes at L&Q at Huntley Wharf are finished to a fully inclusive specification throughout, with appliances, fittings and fixtures included as standard, at no extra cost to the buyer. Stylish Symphony kitchens are complete with integrated appliances as well as soft close doors and drawers, while contemporary bathrooms are fitted with white sanitaryware. Underfoot, homes have been finished with Karndean flooring in living spaces and carpets in the bedroom. For all-important fresh air, a number of homes have a private balcony and residents can enjoy access to the beautifully landscaped podium gardens and riverside walkways on their doorstep.

 

Offering a perfect balance between bustling urban lifestyle and a pretty, leafy town, Reading has something for all buyers – from young professionals to downsizers. Just a short walk from the development is a number of independent coffee shops, bars and eateries. Also in easy reach is the Thames LIDO, a refurbished Edwardian swimming bath, which is also home to a popular poolside Mediterranean restaurant. In addition, close to L&Q’s new development is a wide range of shopping facilities and open green spaces.

 

L&Q at Huntley Wharf is ideally located a short walk from Reading train station, which offers direct routes into London Paddington in just 25 minutes, via National Rail and the Elizabeth Line, with trains departing every 5 minutes. By bike, both the station and city centre are reachable in less than five minutes. Meanwhile, the M4 connects Reading to Heathrow Airport and the rest of London, whilst other nearby towns and cities such as Oxford, Slough, Newbury, and Guildford are easily accessible by road or rail.

 

Prices at L&Q at Huntley Wharf start from £97,500 for a 25% share of a two-bedroom Shared Ownership apartments (FMV: £390,000).

 

For more information, please visit: https://lqhomes.com/huntleywharf/ 

References

*The Guardian, December 2021, https://www.theguardian.com/society/2021/dec/26/tired-of-life-no-just-tired-of-london-record-55bn-spent-buying-homes-outside-the-capital

**Rightmove, June 2022