Phase two of The M Collection at Langley Park in Maidstone, Kent, is now all sold. Reflecting back on the sale of this development has been positive, with some really good stats emerging.
Located on the outskirts of Maidstone, this former farmland site was acquired by Taylor Wimpey to provide 600 new homes, a school, local centre and nature reserve to Maidstone Borough.
Work on site commenced in February 2017 and concluded in June 2018 with the final sales completion taking place in July 2018.
Phase Two of the development comprised 20 properties in total; thirteen houses, six apartments and one coach house were available for purchase through shared ownership. All properties came with a minimum of one allocated parking space, and all houses benefitted from a private rear garden.
Currell were instrumental in selecting the specification for the shared ownership homes to ensure that it was on-trend and in-line with local buyer’s expectations.
Priority for the shared ownership homes was given to those currently living or working within the borough of Maidstone.
- Target initial first tranche sales required: 35%
- Actual initial first tranche sales achieved by Currell: 43%
- All 20 units exchanged 3.15 weeks before property handover
- Final unit of 20 completed 4.23 weeks after handover
- Average age: 35
All buyers demonstrated a local connection to Maidstone, with some either living or working in the borough, or in many cases both.
“We are very pleased with our success at Langley Park,” says Crissi Russo, Head of Sales and Marketing Shared Ownership, “the amount of interest we received shows there is a huge demand for shared ownership properties in the Maidstone area. The third phase of Langley Park will be launched towards the end of the year, and we look forward to another highly successful scheme.”