Market update at Millbrook Park, Mill Hill

We’re on-site at the impressive Millbrook Park development by the UK’s largest developer Barratt London positioned in one of the most sought-after parts of North West London.

Millbrook Park offers excellent value to investors with forecasts for 12% capital growth in the local Borough of Barnet over the next 5 years.

In 2015, Barnet set itself the task of creating space for 27,000 new homes within 25 years and are currently well on their way to meeting this target. By 2021, 12,255 new homes will have been delivered with a further 9500 expected by 2026. The area around Millbrook Park is a key driver in this expansion and 2,240 homes are being constructed in the Mill Hill East area alone, making it a prime opportunity for investors.

Projected rents at Millbrook Park

  • 1 bedrooms up to £1,500 per month
  • 2 bedrooms up to £1750 per month
  • 3 bedrooms up to £2,500 per month

Millbrook Park’s competitive pricing combined with the connectivity, quality finish and popular local residential area, will translate into healthy capital appreciation for investors.

We’ve witnessed exceptional rental demand at this scheme and our local office has fully referenced tenants waiting to move in. To learn more, please get in touch.

Share
avatar

About the Author

Established in 1958, Benham and Reeves is one of London’s oldest, independently owned property lettings and sales agents. With specialism in residential sales, corporate lettings and property management in prime areas of London, the company operates from eighteen prominently located branches and five international offices.

by