MCR Property Group’s Stockwood Gardens In Luton Makes Headway With 50% Phase 2 Sold

By Cameron Mitchell • July 08, 2021 • Buyer's Blog, News, Property

MCR Property Group’s Stockwood Gardens in Luton has reached 50% sold in Phase 2 ahead of launch. Phase 2 is currently under development with the new E block launched in June 2021. MCR Property Group broke ground on this project with Phase 1 in November 2019, and with Phase 2 underway as well as Phase 3 in the works - this is set to be an exciting development for Luton. Set in a desirable location with excellent transport links via Luton Airport and the M1 motorway, these striking apartments are ideal for families and professionals alike. This development comprises a total of 340 apartments in an ideal location.

Situated in Luton with close links to London - Stockwood Gardens provides a wonderfully bright living space that brings high-end executive living and contemporary design alongside stunning views of Stockwood Park close by. Prices start at £185,000 for a 1-bed apartment and £225,000 for a 2-bed apartment with Help To Buy options available to facilitate your move on to the property ladder. First-time buyers will be able to benefit from a 5% deposit - and buyers can borrow 20% of the purchase price, interest-free, for five years. This scheme has been open since 16th December 2020 and runs until 31 March 2023. With 11 blocks of luxury apartments featuring fitted kitchens and bathrooms, these are a great choice for first-time buyers.

Teaming up with CODA Studios Ltd, MCR Property Group has created spacious and modern apartments to suit all budgets and needs. The building also has a stunning communal garden space and water feature ideal for picnicking in the summer sun.

Phase 1 of the development has already 99% sold out, with a completion date due at the end of July. Carpets will be installed on the week commencing 28th June 2021 in Blocks I, J, and K. The final coat of paint is also imminent with finishing touches going in shortly. Phase 1 is due for completion in July 2021.

Phase 2 of the project is already 50% sold out and these beautiful 1 and 2 bedroom apartments also offer shared ownership on some of the units. As an opportunity to get on the property ladder post-covid, it is no wonder these have proved so popular. A New Block E has just been launched, adding to the units in this development.

Construction for Phase 2 has begun, and the groundwork is currently underway to create the foundation for these units. Completion of Phase 2 will be in Q2 2022. Phase 3 will follow with a completion date set for July 2023.

Luton’s property market has been incredibly positive in recent years, and many have flocked here due to its ideal location with excellent transport links as well as a thriving lifestyle. With an extremely buoyant market, Help To Buy, and shared ownership - it is no surprise that the attractive price point of these apartments has created the perfect storm for Stockwood Gardens.

Kurtis Lindsay, Business Development Manager at MCR Homes says

“Stockwood Gardens has been a huge success within the local market. Phase 1 has almost sold out with 1 unit remaining and phase 2 is experiencing significant demand, with over a third of apartments already SSTC. The easy access to both London, via the M1; Luton via local transport links or a short drive, has attracted a wide range of buyers. The attainment of Stockwood Gardens has been down to its attractive price point, which is below the market average of Luton, whilst maintaining a high level of finish compared to its competition. Shared ownership options for the new residents have also complimented this. I see the development continuing to be an accomplishment and one that will help create a closer community for local residents.”

To find out more about Stockwood Gardens, Luton you can contact our MCR Homes sales team directly or get in touch with Penrose Estate Agents in Luton.

MCR Homes: 0161 274 0472

Penrose Estate Agents: 01582 280 818

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