(4 September 2020, Hong Kong) The hotly anticipated first residential phase of Plaza Collection will soon launch in the up-and-coming suburb of Mill Hill in North West London, in a regeneration effort that will transform this sophisticated residential area into one of London’s most exciting community and lifestyle destinations.
Nestled in the vibrant borough of Barnet, Mill Hill is located just north of the affluent residential district of Hampstead, arguably London’s top luxury residential enclave. Surrounded by an abundance of greenery, the upper-middle class neighbourhood of Mill Hill is steeped in culture and history, and has long been synonymous with high standards of living, offering London’s own unique take on Kowloon Tong in Hong Kong, owing to its high quality low rise real estate, rich lifestyle offerings and accessibility to first class education institutions.
A Prime Location for a Fine Education
Boasting over 100 schools in its vicinity, the educational resources in the London Borough of Barnet stand among the finest across London’s many administrative districts, garnering an excellent 90% rating by Ofsted, the UK’s leading Education Bureau, and is home to two of the country’s most academically successful schools, the Henrietta Barnett School and Queen Elizabeth’s School.
Convenient Access to Central London in 30 minutes and Nearby Lifestyle Spaces within 10 minutes Living Circle
When it welcomes its first occupants, Plaza Collection will occupy a prime position in Mill Hill, offering seamless connectivity via the Northern Line’s Mill Hill East Station. Situated a mere two-minute walk away, the tube line provides fast peak hour access to the teeming thoroughfare of central London, including King’s Cross in 20 minutes, Tottenham Court Road in 30 minutes and Bank (City of London) in 32 minutes. Meanwhile, a wealth of nearby lifestyle spaces and leisure opportunities are easily accessible within a 10 minutes’ drive, ranging from high-end supermarket retailer Waitrose, health club Virgin Active
and London’s largest Asian food court Bang Bang Oriental, along with the Finchley Golf Club, Mill Hill Golf Club and Finchley Lawn Tennis Club, ensuring that Plaza Collection residents are never far from the action.
Award-winning Design Elevates Living Experience
With over 700 design-led one and two bedroom homes, a new landscaped plaza as well as 1,400 sq.m of vibrant commercial and retail space filled with independent cafes, shops, and leisure areas, the development of Plaza Collection forms a landmark addition to the wider transformation of Millbrook Park, and injects new life into this beloved residential area, to create a modern and sustainable community at the heart of North West London.
Internally, the homes have been meticulously crafted by multi award-winning interior design studio Michaelis Boyd, whose reputation of pushing the boundaries to achieve visionary results has seen the firm receive much acclaim for its work on high-profile brands that Hong Kong residents will find instantly recognisable, including the likes of the iconic Soho House and Michelin Starred Cantonese restaurant Duddell’s. Each generously-sized apartment benefits from a balcony and floor-to-ceiling windows that flood the living spaces with plenty of natural light. With an eye-catching blend of warm wood tones, characterful colours and smart industrial accents inspired by the spectacular rolling countryside of Mill Hill and its enriched history, each house is individually designed to meet the needs of modern home buyers.
A Classic Residential District Boasting High Rental Demand
With an ever-growing stream of investments flowing into Mill Hill and the surrounding Millbrook Park area, it’s unsurprising that housing prices have steadily climbed by more than 80% over the past 10 years. The development of Plaza Collection offers significant real estate investment potential, with home buyers free to place their houses onto the rental market, which has risen by 40% in a decade. Based on current rental rates generated in the area, a healthy gross rental yield of 4% could potentially be realised.
Commenting on Mill Hill, The London Evening Standard says: “Village charm and the great outdoors give Mill Hill family appeal, while commuters love the nearby M1 and the easy train journey to St Pancras. Families move to Mill Hill from more expensive areas of north London such as Highgate and Hampstead to get more space, to be close to some of the capital’s best schools, and for the semi-rural aspect.”
Prices start at £410,000 (HK$4.2 million), with first completions due imminently.
