The UK is always the most talked-about emigration destination of Hong Kongers. Over 45,000 British National (Overseas) (BNO) visas have been approved for Hong Kong holders since the launch of the scheme early this year, according to the United Kingdom’s Home Office. The continuing new arrivals to the UK have fuelled housing demand in the country. Besides Hampstead and Highgate, magnets for affluent buyers seeking sophisticated London living , Mill Hill, famously known among Hong Kongers as the “Kowloon Tong” of London, is emerging as the hot pick among Hong Kong emigrants, renowned for its good schools and strong investment potential.
High Ranking Elite School Catchment Area
Situated in Barnet, Northwest of London, Mill Hill is famous for its green spaces and academic excellence. The suburb has a rich history and offers the most “Outstanding” Ofsted-rated primary and secondary schools in the UK – 27 primary schools and 9 secondary schools are rated“Outstanding” while 55 primary schools and 15 secondary schools are rated “Good”, offering abundant options for Hong Kong families seeking exemplary education for their kids.
The best two grammar schools – Queen Elizabeth’s Boy’s Grammar School and Henrietta Barnett Girl’s Grammar School are within few minutes’ drive. Frith Manor Primary School, St Mary’s CofE Primary School, Harrow Boarding School for Boys, The Mount, Moss Hall Infant School,Mill Hill School and The Mount, Mill Hill International are some of the best schools in the Borough. Children in Mill Hill are encouraged to learn and grow through vibrant art, sports, music education and activities outside the classroom to equip them for further education.
Great Connectivity and Dynamic Lifestyle
With its well-established transportation network, Mill Hill is accessible by 30 minutes’ drive from Central London and 21 minutes by Underground. Mill Hill East Underground Station offers direct links to King’s Cross and Liverpool Street in just 24 and 38 minutes respectively. Connectivity is excellent, it’s a 33min journey to Bank and 36mins to London Bridge.
A large Waitrose supermarket and Marks & Spencer are located in the area, providing a lively hub of bars, restaurants, cafes. BANG BANG Oriental Foodhall, the largest Asian food court in London, is only a few minutes’ drive. Mill Hill is surrounded by public parks, tennis courts, historic forests and golf clubs that keep life vibrant and convenient.
The nearby Belmont Farm gives families the opportunity to handle and feed a variety of farm animals while the Trent Park Equestrian Centre offers horse riding lessons, which is a relatively uncommon and costly sport in Hong Kong.
Soaring Investment Potential
Mill Hill East is undergoing rapid transformation as part of the Borough Council’s plan for regeneration, aiming to create a high-quality new suburb in the heart of Barnet by 2030. Over 2,200 new apartments, new park & schools, retail and commercial units backed by improved infrastructure and community facilities will be constructed on 40 hectares of mostly vacant and derelict brownfield land to craft a new prime residential enclave in London.
Housing demand in Mill Hill has been outweighing supply since 2016. House prices in the Millbrook Park area have appreciated by more than 80% in a decade, while rental prices in North London are up by 40% Our local lettings office reports strong rental demand in the area and investors benefit from good yields.In just 2 years, the Mill Hill revitalisation project has made a lot of progress: Millbrook Park Primary School, junction improvement works at several roads, East-West Link Road, rail station forecourt, a variety of parks and gardens, and 394 homes have been completed and delivered. With new employment opportunities, better transportation and amenities, Mill Hill is set to become one of the most sought-after parts of North West London similar to Kowloon Tong in Hong Kong with another round of investment potential.
High Potential Capital Gain
The Plaza Collection at Millbrook Park is designed by award-winning architects Chapman Taylor & interior designer Michaelis Boyd for the high standard modern style that redefines the tranquil suburb’s living with fine British craftsmanship.
The one and two bedroom apartments and duplexes feature luxury interior design, spacious outdoor areas and thoughtful amenities. All units are backed by a 2-year contractor warranty that gives buyers peace of mind. Ground rent for a one-bedroom apartment is £350 per annum while 2-bedroom apartments start at £500 per annum. Service charge is estimated at £3.68 per sq. ft. for maintenance and security.
Click here to know more about the prospects of the Mill Hill property market and Plaza Collection.
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