Part Buy-Part Rent Available At Chippenham Development

Crest Nicholson is offering buyers on a modest budget use Home Reach, its first part buy-part rent ownership option, at its Langley Point in Chippenham, Wiltshire.

The new programme is in partnership with specialist housing provider, heylo and is now available on selected homes at the development, widening the opportunity of homeownership to more local potential buyers.

Home Reach is a kind of Shared Ownership scheme which provides the security of homeownership with a lower initial financial commitment, making it a more affordable way onto the housing ladder. It allows users to access all the benefits of owning a home, from the ability to decorate and personalise their home, to the flexibility to sell and move at any point.

The initiative forms part of Crest Nicholson’s strategy to introduce more affordable and sustainable homes to address ever-changing customer needs and demand in the local area. The business is continuing to implement its multi-channel approach, allowing customers more opportunities to purchase a beautiful Crest Nicholson home.

Tracey Gallacher, head of sales and marketing at Crest Nicholson South West, commented: “The introduction of Home Reach at Langley Point in Chippenham has attracted more people than ever before to the developments. Helping more first-time buyers onto the ladder, the scheme is already proving popular. We’d like to urge anyone who wants to find out more to get in touch with our friendly sales advisers at Langley Point and come to visit the show apartment.”

Shared Ownership allows buyers to purchase a share in a property, with the possibility to increase that share over time up to 100% ownership. The remaining interest in the property is owned by heylo, which acts as the landlord and grants a 125-year lease.

Situated along Foundry Lane, Langley Point comprises a collection of 44 one- and two-bedroom contemporary apartments. Each apartment offers an open-plan kitchen/living/dining area complete with fully integrated Symphony kitchens and energy-efficient appliances. Master bedrooms feature fitted wardrobes as standard.

Nestled on the banks of the River Avon, Chippenham is a lively market town which offers a selection of high street and independent shops, great restaurants, lively bars and leisure facilities. Residents will benefit from easy access by road and rail to the likes of Bath, Bristol and Swindon, with London Paddington around an hour and 40 minutes away.

Prices at Langley Point start at £114,500 for a 50% share of a two-bedroom apartment using Home Reach (full market value, £229,000).

Find out more about Langley Point from Crest Nicholson.

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