Home Reach Available At Yorkshire Developments
House-hunters across Yorkshire and the Humber with ambitions for homeownership on a modest budget will find opportunities to ‘part buy-part rent’ a brand new home at a number of developments across the region, thanks to Home Reach.
For buyers who meet the eligibility criteria, Home Reach is scheme offering a chance 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. Home Reach 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%.
In Cudworth, on the edge of Barnsley, Salter’s Brook is surrounded by picturesque open countryside but still within easy reach of town centre. The village itself has schools (rated by Ofsted, Birkwood Primary School is ‘Outstanding’ and Cudworth Churchfield Primary School is ‘Good’) and its own range of shops. The ‘Maidstone’ house type has a lot to offer families and young professionals. It has a kitchen/dining room, separate living room, a downstairs WC, a family bathroom, two double bedrooms and a single bedroom. It come with two allocated parking spaces and is priced from £106,000 for a 50% share (based on a full market price from £212,000), which would require a minimum of 5% deposit from £5,300.
Doncaster house-hunters can currently find a couple of developments just outside the town which offer Home Reach. Between them, the village of Auckley and neighbouring Blaxton have a good choice of shops, amenities and schools, and it’s little more than a ten-minute drive to Doncaster town centre. Torne Farm offers three-bedroom options, one being the ‘Moresby’. Two of the bedrooms are doubles, with en suite to bedroom one, and this property also has a kitchen/dining room with French doors to the garden, a separate living room and a downstairs WC. A 50% share is priced from £106,000 (full market value from £212,000).
‘Culbridge’ house type at Torneley Quarter
Close by is Torneley Quarter which offers its own three-bedroom Home Reach house in the semi-detached ‘Culbridge’, which has two private parking spaces at the front. The fitted kitchen/dining room leads through to the living area, which has glazed bifold doors to the garden. This home also comes with downstairs cloakroom and useful understairs storage, and upstairs are the bathroom, two double bedrooms and a single bedroom. A 50% share starts at £118,998 (based on the full market price from £237,995), which would require a minimum of 5% deposit from £5,940.
For family buyers in North Yorkshire, Tara Fields could provide the right home for you. The village of East Ayton is under less than four miles from Scarborough and its amenities and facilities include a primary school, parish church, village hall, playing field, supermarket, post office and places to eat and drink. Here, the ‘Mylne’ is a house type that offers lots of space and flexibility. This detached house has a lounge, a kitchen/diner, downstairs cloakroom, a main bedroom with en suite shower room, and a family bathroom for the other three bedrooms to share. The piece is from £142,475 for a 50% share (full market value from £284,950), requiring a minimum of 5% deposit from £7,124.
‘Henley’ house type and Church Farm
In Tockwith, midway between York and Harrogate, is Church Farm. The local area offers many walking and cycling routes in delightful countryside, while it’s only a few minutes’ drive to the A59 and A1(M) for numerous major towns and cities. Among the Home Reach options here is the ‘Henley’, a semi-detached home with ample driveway parking. It has a kitchen/dining room, living room, downstairs cloakroom and two double bedrooms sharing the family bathroom. A 50% share is from £124,475 (based on full market value from £248,950), with a minimum of 5% deposit from £6,224 required.
South Minster Pastures is in Beverley, the historic market town just north of Hull. It’s a location which combines a range of great amenities nearby with easy transport connections further afield. Available through Home Reach here is the ‘Eveleigh’, which is a three-bedroom, semi-detached house. The kitchen/dining room is at the front, and a separate living room at the back, with French doors to the garden. Two of the bedrooms are doubles (one with en suite) and there’s also a single room and a family bathroom. A 50% of this home starts from £119,975 (based on full market value from £239,950). This would require a minimum of 5% deposit from £5,999.
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