Range Of Options For Part Buy-Part Rent At Telford Site

For first-time house-hunters in Shropshire who have only a modest budget, Castle Gardens might be the perfect option with a selection of property types available through the Home Reach scheme.

Buyers who meet the eligibility criteria for Home Reach have an opportunity to purchase a share of a new build home (usually starting at 50%) 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%.

Located on the outskirts of the popular town of Telford, Castle Gardens has a range of two- and three-bedroom home types which could be a perfect choice for different types of buyer and budget. The charming village of Doseley is conveniently located for the M54 to Birmingham and Wolverhampton.

The ’Kenley’ is a two-bedroom semi-detached home which starts at just £119,000 for a 50% share (based on a full market value from £238,000) which will require a minimum deposit from £5,950. The lounge at the front of the home leads past the cloakroom and understairs storage cupboard to the kitchen/diner at the rear, which has French doors to the garden. Both bedrooms are doubles and share the family bathroom.

‘Roseberry’ house type

An alternative is the ‘Roseberry’. The fitted kitchen/diner at the rear leads to the garden and there’s a separate lounge at the front, as well as a downstairs WC. There are two spacious double bedrooms, with one of them having the bonus of two built-in storage cupboards. Finally, there’s a family bathroom. Through Home Reach, a 50% share of this home starts from £130,000 (full market value from £260,000) which will require a minimum deposit from £6,500.

Finally, the ’Ellerton’ is an attractive semi-detached property: off the hallway is the lounge and the front of the house and it is past the cloakrooms and a useful understairs storage cupboard to the kitchen/dining room, which in turn leads to the garden. Upstairs, two of the bedrooms are doubles (one with en suite), while the third is a single. A family bathroom completes the layout. A 50% share starts at £145,000 (full market value from £290,000), which will require a minimum of 5% deposit from £7,250.

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