Brooklands is Open for Business

Mon 13 Sep 2010

Brooklands, from developer Places for People, is set to become more than simply a place to live, Brooklands is also a place to work and play with three new schools, businesses and lush green spaces also situated throughout the 360 acre site.

Places for People is the holder of the prestigious What House? Gold Award – the industry’s “Oscars” – and is currently building 199 high quality new homes on the first phase of Brooklands, including two, three, four and five bedroom houses and one and two bed apartments.

After months of anticipation the development was officially launched at a special event with the Mayor of Milton Keynes, Councillor Debbie Brock, cutting the ribbon.

Prices start from £128,500 for a one bedroom apartment. There will also be a range of finance products on offer including:

  • Places for People mortgages – The Group will offer a choice of competitive repayment mortgages – fixed, and tracker – including up to 100%, so no deposit is needed, although flexibility is available to pay one if the customer can afford to do so.
  • A buy back guarantee for the first three years, we will buy back the homes ourselves at the price customers originally paid.
  • Extended 5 year home warranty to protect buyers’ investments providing repair or replacement cover for a wide variety or major home components and appliances.
  • Flexible tenure options to help make property ownership accessible.  These include a ‘buy as you go’ scheme that allows buyers to buy a share (between 25% and 75%) of the home they want and paying a modest rent on the remaining share, with the option to purchase further shares in the future until they own their home outright.  Alternatively, those with a household income of less than £60,000 who are not in a position to buy a property outright  may be eligible initially to rent the property at 80% of the market rate, giving them the opportunity to save for a deposit.

What distinguishes Places for People from other developers is their commitment to the long-term management of the places they create; designing and delivering services to ensure that all of their developments continue to be great places to live and maintain their value in the long-term.

Mayor of Milton Keynes, Councillor Debbie Brock, said; “I am delighted to officially declare Brooklands open as it marks a new chapter in the development of Milton Keynes.”

Simon Elcock, project director for Places for People, said; “After seeing the strong interest and demand for well designed and sustainable homes in a mature setting with the popularity of our Wolverton Park development, we are really confident that Brooklands will be another great success for Milton Keynes.

“Brooklands is a pioneering and evolving development that we are extremely proud of.  We really feel we are creating a unique place which will appeal to residents and businesses alike. It was a great honour to have the Mayor Councillor Debbie Brock to declare Brooklands open for sales and we look forward to welcoming the first residents who will turn what is a unique scheme into a thriving community.”

Over the next ten years, Brooklands is set to be transformed from an ambitious vision into one of the most desirable places to live in the region. The unique design of the whole development is cleverly calculated so that as the number of homes and businesses grow towards completion, Brooklands will mature from the size of a village into that off a small market town.

Brooklands Farm Primary School has already opened and a second thirty acre public park has been approved providing a new cricket pitch, four new football pitches and two children’s play areas.

Another key feature is the award winning Brooklands Ridge which runs the entire length of the site. Construction of the ridge is well under way with a million cubic metres of soil going into creating this attractive noise attenuation feature, one of the largest of its kind in Europe, making it hard to believe the M1 motorway is just over the hill.

Brooklands’ marketing suite and show homes are open to the general public seven days a week, from 10am to 5pm.  This first release of mixed housing, from two bedroom apartments and mews cottages to five bedroom detached homes will be available to move into this autumn with accessible and flexible purchasing and rental options available through Places for People – including a 0% deposit and buy back guarantee.

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