Home Reach Opportunities In The South West

For house-hunters in the South West of England who are searching for a first home to move into early next year, there are opportunities to do so at developments across the region which offer properties for sale through the Home Reach scheme.

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 South West now for sale through Home Reach.

Monument View is on the edge of the ancient market town of Wellington in Somerset, which offers a range of shops, supermarkets, schools, and health facilities as well as an array of sports and leisure activities. Junction 26 of the M5 is within easy reach and it’s only seven miles to Taunton. The ‘Hazel’ has a bright and airy layout with open-plan kitchen/dining room, a separate sitting room and a WC. Two of the three bedrooms are doubles and the master features an en suite. There`s a family bathroom too. A 50% share starts at £159,500 (full market value from £319,000). This will require a minimum of 5% deposit from £7,975.

Blackmore Meadows is located in Stalbridge, Dorset which has excellent access to the A303 and rail links to London only ten minutes away, and numerous towns within an easy drive. It offers a number of different house types. One of them is the detached ‘Juniper’ has an open-plan kitchen/diner with bifold doors to the garden, a sitting room, a study, a cloakroom, and some storage under the stairs. Upstairs, there are four bedrooms (with en suite and fitted wardrobes to bedroom one), and a family bathroom. This is priced at £197,000 for a 50% share (full market value from £394,000), requiring a minimum of 5% deposit from £9,850.

‘Leverton’ house type at Saxon Gate

Saxon Gate is situated in the south Gloucestershire village of Wickwar, with Chipping Sodbury and Charfield within easy reach and convenient access to the M4 and M5. The four-bedroom ‘Leverton’, is a family home type with an attractive traditional-architecture design. It has an open-plan kitchen/diner with utility area, separate living space, a dedicated study and downstairs cloakroom, and upstairs, the master bedroom comes with en suite and the other bedrooms share the family bathroom. This home is priced from £260,230 for a 50% share of a full market value from £520,460. This would require a minimum of 5% deposit from £13,012.

Great Oldbury is a growing new community in Stonehouse which is creating its own local centre, purpose-built nursery, pre-school and primary academy. It’s just five miles from Stroud too, and the area is well connected through the M4 and M5, and the Great Western Railway. One of the homes currently for sale through Home Reach is the three-floor, four-bedroom ‘Aslin’, which has an open-plan fitted kitchen/diner, separate living area, downstairs cloakroom, en suite to bedroom one and built-in storage on ground floor and landing. A 50% share is priced from £162,500 (full market value of £325,000) and will require a minimum of 5% deposit from £8,125.

Barleyfields is a collection of homes for sale in the historic village of Ashchurch, close to Tewkesbury. The development will be delivering a range of three-, four- and five-bedroom houses. Right now with Home Reach, the ‘Walton’ could be a perfect choice for first-time buyers, downsizers or young families, with three double bedrooms (one with en suite), family bathroom, a kitchen/dining room and a separate lounge. A 50% share is from £172,500 (full market value from £345,000). Requiring a minimum of 5% deposit from £8,625.

Find out more about Home Reach properties across the South West.

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