L&Q’s Reading Development, L&Q at Huntley Wharf, Offers Latest Alternative to Car Ownership via Car Club Co-Wheels

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According to new research in 2024, UK car owners spend over £3,500 to run their cars each year.* Perfect for those looking to leave the significant costs of car-ownership behind, car clubs offer a pay-as-you-go community car hire scheme, allowing members to only pay for the hire time and distance driven.

For house hunters in Reading, the vibrant new development L&Q at Huntley Wharf benefits from a hub from car share specialists Co-Wheels just 250 yards away. What’s more, L&Q will be offering up to £1,500 towards Co-Wheels car share services for customers who reserve a home at L&Q at Huntley Wharf in March.**

L&Q at Huntley Wharf is a brand-new development situated along the banks of the River Kennet, offering a modern collection of one-bedroom Shared Ownership apartments.

At the heart of the development is Riverside Square, which is already home to a MonkeyMoos nursery, and set to welcome a planned café, restaurant, Tesco Express and gym. Homes at L&Q at Huntley Wharf also benefit from excellent travel connections; Reading Central Station is a 10-minute walk away and services run into London Paddington in just 25 minutes.

With over 60% of homes at the development now sold, L&Q at Huntley Wharf offers the perfect opportunity for budding first-time buyers to step onto the property ladder in Reading at a well-connected and exciting new development.

Further supporting a car-free lifestyle, all apartments at L&Q at Huntley Wharf also benefit from secure cycle storage. However, for those who prefer to get around on four wheels, whilst still cutting the costs of car-ownership, a community car hire scheme offers both convenience and affordability.

Perks of car sharing via Co-Wheels at L&Q at Huntley Wharf include:
1. For L&Q at Huntley Wharf residents, a Co-Wheels hub is located just 250 metres from site, allowing easy access to the freedom of driving without the mounting costs of a car’s upkeep. Cars are available 24/7 and there is no need to pick up keys. Instead, cars are accessed via smartcard, meaning that car hire via Co-Wheels is truly convenient and suited to a range of needs and situations.
2. The average car spends 97% of its time parked, yet vehicle owners pay year-round for loan costs, garage bills, MOTs, tax, insurance, petrol and parking.*** Co-Wheels cover these substantial costs, meaning members can gain quick access to a car for a speedy trip to the shops or that all important business meeting.
3. Opting to become part of a car sharing community also has its environmental benefits. According to CoMoUK, the national charity for shared transport, each car club vehicle replaces 20 private cars on the road – supporting a cut in carbon emissions from vehicle ownership.****
4. For weekend adventures, residents could make use of a Co-Wheels car for exploring both Reading and further afield. Basildon Park, reachable in just 25 minutes by car from L&Q at Huntley Wharf, is a National Trust country house perfect for a long stroll. For longer drives, the Cotswolds are just over an hour away by car, perfect for a long weekend away.

Prices for homes currently available at L&Q at Huntley Wharf start from £66,375 for a 25% share of a one-bedroom Shared Ownership apartment (Full Market Value: £265,500).

For more information, please visit: https://lqhomes.com/huntleywharf/

ENDS

References

* https://www.nimblefins.co.uk/cheap-car-insurance/average-cost-run-car-uk
** Terms and conditions apply. Available on selected plots only and subject to availability. You must reserve between 1st and 30th March 2024. You will receive your £1,500 credit within 72 days of completion. You must not be already signed up to Co-Wheels before taking this offer. To be able to use Co-Wheels you must fit their eligibility criteria. For more information go to co-wheels.org.uk/how-it-works/who-can-join. Please speak to a member of our Sales Team for more details.
*** https://www.co-wheels.org.uk/
**** https://www.como.org.uk/#benefits-of-shared-transport

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