L&Q at Bankside Gardens – Living Room and Kitchen
L&Q at Bankside Gardens, Reading, RG2 6BW.
Almost one year on from the opening of the east and west sections of the Elizabeth Line, property prices along Crossrail’s route have skyrocketed – inflated by a surge of new buyers looking to purchase close to the new 100KM train link. According to Rightmove, average sold prices at the start of the line in Reading have risen by 8% since this time in 2022.*
Delivering much-needed affordability in the increasingly popular area, housing association L&Q is launching the first phase of their brand-new development, L&Q at Bankside Gardens, tomorrow (28th October). Set close to the River Kennet and surrounded by four attractive lakes, the new waterside neighbourhood will offer an exciting collection of one-, two- and three-bedroom apartments.
Significantly, L&Q at Bankside Gardens will deliver a range of impressive on-site facilities within ‘The Residents’ Club 51’ – a central hub for the development. Managed by a professional concierge team 7-days a week, the club offers a brand-new co-working space, a gym, and a private cinema. There is also a coffee shop and a supermarket just a stone’s throw from the new development.
In addition, a brand-new train station is now open next to the development. Reading Green Park station is just a stone’s throw from L&Q’s new homes, linking directly to Reading Central station, with onward connections into the capital in just under half an hour.
Claire Brenlund, Sales and Marketing Director at L&Q comments: “Crossrail fully launched almost a year ago, and the Reading property market is still seeing the effects – with average prices now reaching almost £435,000. **”
“L&Q at Bankside Gardens is the perfect opportunity for first time buyers looking to get onto the ladder in this increasingly popular area. Shared Ownership homes require a much lower deposit than purchasing on the open market, making this an affordable route to homeownership for many. Residents will enjoy access to a fantastic range of facilities at this new waterside neighbourhood, alongside excellent transport connections into Reading Central Station and beyond.”
All apartments at L&Q at Bankside Gardens will be covered by L&Q’s New-Build Homes: Quality Standard promise – a commitment to delivering premium fixtures, fittings and finishes at no extra cost. Contemporary kitchens are fitted with fully integrated appliances, including an oven, hob, fridge/freezer and dishwasher, while modern bathrooms are complete with white sanitaryware, a full height mirror and a sleek steel bath. Most homes offer a private balcony or terrace, and residents can make use of secure bicycle storage and car parking.
Ideal for a range of different buyers, from couples and growing families to downsizers, Reading offers a bustling town centre with a range of amenities. Popular shopping destination The Oracle is just a short train ride from the development, providing a wide range of fashion, beauty, electronic and home stores, as well as 22 restaurants and cafes. Reading’s Broad Street and Friar Street are home to a number of high street brands, as well as local street food markets and independent stores. For sports fans, Reading FC grounds are a 25-minute walk from L&Q at Bankside Gardens. Meanwhile, picturesque footpaths run alongside the River Kennet, offering residents idyllic waterside walks to the ruins and grounds of Reading’s historic Abbey.
Set just minutes from the new Reading Green Park Station, L&Q at Bankside Gardens is well-positioned for commuters – providing train links into Reading Station and London Paddington via the Elizabeth Line and National Rail. Reading Green Park Station also provides speedy links to Basingstoke in less than 20 minutes. The M4 connects Reading to Heathrow Airport and the rest of the capital, whilst other nearby towns and cities such as Oxford, Slough, Newbury and Guildford are also easily accessible by road or rail.
L&Q will be hosting a launch event at L&Q at Bankside Gardens tomorrow (Saturday 28th October) from 11am at 51 Flagstaff Road, Reading, RG2 6DW.
Prices start from £68,750 for a 25% share of a one-bedroom apartment (full market value £275,000) and £94,375 for a 25% share of a two-bedroom apartment (full market value £377,500).
Visit lqhomes.com/banksidegardens to find out more and register interest.
*Rightmove, September 2023
** Rightmove, September 2023
