Mill Hill is currently undergoing significant regeneration which means it’s the perfect time to buy property here. If you’re considering investing in the area, here’s all the information you need to guide your decision.
Mill Hill East regeneration – a brief run-through
The regeneration programme in Mill Hill East has transformed the area, creating a new community in previously disused brownfield land. Big plans are in place for this 40-hectare space, which offers its residents great views from a vantage hillside location.
The plans for Mill Hill East
The plans include the delivery of:
- Over 2,200 new residential properties
- New community facilities
- New parks
- A new primary school
- Improvements to Mill Hill East underground station
- Improvements to the bus services
- The addition of community facilities within Millbrook Park School
- A 3G artificial grass games area
- A Panoramic Park offering extensive views across the city
- A new public zone opposite Mill Hill East station
- Access roads and improvements to junctions
- The creation of 500 jobs, plus apprenticeships and construction training work placements
- New retail space for the town centre
- Sustainable urban drainage plus an energy centre
There’s a real emphasis on environmental impact throughout this programme, with all homes and commercial properties being built sustainably.
What’s happened so far?
The works are well underway and so far the following elements from the programme have been completed:
- Multiple apartment blocks and houses
- The new school (Millbrook Park)
- The new Tube station forecourt
- Various new parks
- The improvements to the junctions
Why should you invest now?
The regeneration programme marks a real opportunity for anyone thinking of investing in Mill Hill. For example, the sustainably built properties are very affordable and are likely to increase in value in the future, which means you could make a good profit from capital growth – if you decide to sell.
Some of the new-builds are also available under the shared ownership scheme. This government-backed scheme enables you to part-own your home which makes it far more cost-effective for those operating on a budget. These properties are likely to be popular though so it’s worthwhile purchasing quickly to avoid missing out.
Is Mill Hill right for you?
Mill Hill has a lot to offer homebuyers and is one of North London’s most sought-after residential locations. It’s just ten miles from Central London which is perfect for commuters and it has a pleasingly diverse housing market. Developers have been busy in this area which means there’s an abundance of new-builds available on the market. They offer a great combination of luxury and value for money.
Property prices have been rising steadily in the last twenty years or so and look set to continue doing so. As such, now is the ideal time to invest here if you want to capitalise on your investment further down the line.