New Home Reach Properties For Sale In The East Of England
House-hunters across East Anglia who are searching for a first home on a limited budget will welcome the opportunities to ‘part buy-part rent’ using the Home Reach assistance scheme in the region.
Home Reach is a partnership between housing provider heylo and a number of housebuilders across England which gives buyers who meet the eligibility criteria the opportunity to ‘part buy-part rent’ a brand new home. You can purchase a share of a new build home (usually starting at 50%) and pay a subsidised rent on the remainder, with heylo as the landlord. The scheme is offered on selected plots at a development 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%.
Here are some examples of homes in the East of England now for sale through Home Reach.
Stockwood Gardens in Luton is a development of 340 high-specification one-bedroom apartments with homes across 11 individual residential blocks. There are with picturesque views of Stockwood Park, the local golf course and rugby club. With Home Reach, for £142,475 (50% of the full market value of £284,950) a buyer can secure a two-bedroom apartment. This comes with a kitchen/living/dining room with a range of integrated appliances and a private balcony, two double bedrooms (one en suite), and a bathroom and storage cupboard off the hallway. A minimum 5% deposit of £7,124 would be required.
Whittlesey Green is taking shape with a range of home types located just outside Peterborough, close to the town of March. Residents are well placed to make the most of the local schools, shops, services and amenities of the town, including its own railway station. The ‘Winthorpe’ is a great example of what can be purchased with Home Reach. Priced from £134,998 for a 50% share (full market value from £269,995), this has a kitchen/dining room with patio doors to the rear garden, a separate lounge, a downstairs WC, storage under the stairs, a family bathroom and three bedrooms, one of which has fitted wardrobes and an en suite shower room. This semi-detached house comes with allocated parking.
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