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Places To Part Buy-Part Rent In Doncaster

Posted 28 July 2022 by Keith Osborne

Home Reach is an initiative which allows buyers to purchase a share of a new home in Doncaster and pay rent on the rest…

Home Reach is making its name at developments across the UK as an opportunity for people on a modest budget to take a first step on the homeownership ladder – and there are several opportunities to do this at sites in South Yorkshire.

Buyers who meet the eligibility criteria for Home Reach have an opportunity to purchase a share of a new build home (usually, but not always, between 50% and 75%) and pay a subsidised rent on the remainder, with housing provider heylo as the landlord. The scheme is offered on selected plots at developments across England and provides all the benefits of homeownership but requires a much smaller deposit (5% of the share price) and a smaller mortgage than when purchasing outright. Over time, owners can buy further shares as their budget allows, until they own 100%.

Kings Lodge is situated in the popular town of Hatfield, just north-east of Doncaster and well served with its own shops and amenities, numerous schools, a range of places to eat and drink and some excellent leisure activities. The A18 and M18 are close at hand for journeys further afield. The ‘Maidstone’ is an ideal first home. It has a lounge, an open-plan kitchen/dining room, downstairs cloakroom, two double bedrooms (one with en suite), a single bedroom and a family bathroom. It is priced from £108,000 for a 50% share (full market value from £216,000), which would require a minimum deposit from £5,400.

Also in Hatfield is Harpers Heath. Here, the ‘Harcourt’ is a great starter home. The kitchen/dining room is at the front, while the lounge at the rear has French doors to the garden. There’s also a WC and storage off the hallway. Upstairs. Both bedrooms are doubles, with built-in storage to one of them. They share a family bathroom. With Home Reach, a 50% share of this home is from £75,725 (based on a full market value from £151,450), which will require a minimum 5% deposit from £3,786.

Torne Farm is not far away in New Rossington, to the south of Doncaster. It offers a good range of shops and amenities of its own and it’s only a 12-minute drive to the centre of town. The M18 and A1(M) put many other towns and cities within easy reach. One of the Home Reach options here is the ‘Moresby’. There’s a dual-aspect lounge off one side of the hallway, and the fitted kitchen/dining room off the other. This room has French doors to the garden. One of the two double bedrooms has an en suite, the other can share the family bathroom with the other, single bedroom. This home is priced from £112,500 for a 50% share (full market value from £225,000), which would require a minimum deposit from £5,625.

Find out more about Home Reach across Yorkshire.

 

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Featured Developments
Hatfield, South Yorkshire DN7
Price on application
Kings Lodge
Hatfield, South Yorkshire DN7 
3 bedroom properties
Home Reach
Hatfield, South Yorkshire DN7
Price on application
Harpers Heath
Hatfield, South Yorkshire DN7 
2 bedroom properties
Home Reach
Doncaster, South Yorkshire DN11
£117,500 (from 50% share)
Torne Farm
Doncaster, South Yorkshire DN11
3 bedroom properties
Home Reach
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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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