Brand New Home In Gloucestershire To Part Buy-Part Rent

For people in Gloucestershire hoping to take a first step on the homeownership ladder, full market price can require far too much deposit and too big a mortgage – but the Home Reach scheme is something that could help make a dream come true.

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%.

Barleyfields is situated in Pamington, just east of Tewkesbury. The neighbouring village of Ashchurch has a ‘Good’ Ofsted-rated primary school and a railway station with services no numerous major towns and cities including Cheltenham, Gloucester, Bristol, Bath and Worcester. The A45 and M5 are close by.

Here, the three-bedroom ‘Walton’ could make an ideal growing family home, with an open-plan kitchen/diner, a separate living area, downstairs cloakroom and built-in storage to the ground floor and an en suite master bedroom, family bathroom and further built-in storage to the landing. Currently, a 50% share is priced from £182,063 (based on full market value from £364,125), requiring a minimum deposit from £9,103.

Find out more about current part buy-part rent homes across the South West of England.

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