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Part Buy-Part Rent Opportunities At Morley Site

Posted 22 June 2021 by Keith Osborne

The Home Reach scheme can now be found on selected plots at Barratt Homes' St Andrew's Place...

House-hunters in West Yorkshire are being offered an innovative way to move into a new home following the introduction of a part buy-part rent scheme at Barratt Homes’ St Andrew’s Place development in Morley.

Home Reach is a scheme where the housebuilder teams up with housing provider heylo to allow eligible buyers to purchase a 50-75% share of a new home on the popular development, and pay an affordable monthly rent to landlord heylo on the remaining share. Buyers then have the opportunity to increase their share in their home up to 100% over time.

Under Home Reach, Barratt Developments Yorkshire West is giving prospective buyers the chance to purchase its ‘Maidstone’ house type at St Andrew’s Place. The ‘Maidstone’ is a three-bedroom semi-detached family home, designed with plenty of space for modern living, with prices starting from just £134,995 for a 50% share, based on a full market value of £269,995.

Downstairs, this house offers open-plan living with a kitchen and dining area, with French doors leading to the fully turfed, south-west-facing garden, separate lounge and cloakroom. Upstairs boasts two double bedrooms, the main one with its own en suite shower room, plus a single bedroom that could make an ideal home office, and a family bathroom.

Sam Wood, sales director at Barratt Developments Yorkshire West said: “The flexibility offered by the Home Reach scheme at St Andrew’s Place is perfect for those looking for an affordable way to move into a brand new home. The ‘Maidstone’ is the ideal home for young professionals, growing families, or those who are simply looking to own their first property, and we’re thrilled to be able to offer a helping hand in the form of Shared Ownership."

St Andrew’s Place is a popular development featuring a collection of three- and four-bedroom homes located in the market town of Morley, close to Leeds with easy access to Leeds City Centre via road or rail. Prices for open-market homes start at £272,995.

Find out more about St Andrew’s Place from Barratt Homes.

 

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Morley, West Yorkshire LS27
£379,995
St Andrew's Place
Morley, West Yorkshire LS27
4 bedroom properties
Barratt Homes
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A Guide To Part Buy Part Rent
With Home Reach you buy a share of your chosen newly built home and pay a monthly rent on the part you don’t buy. Your budget will decide the size of the share you buy, rather than the size of your home. So, you might decide to buy a bigger share of a lower priced home or a smaller share of a more expensive home.

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