Home of the Day – The ‘Oakmere’, Wainhomes

Posted 22 June 2020 by Keith Osborne

Our favourite new home for sale is the ‘Oakmere’, an apartment type available across Lancashire from Wainhomes…

The WhatHouse? team reports on our current favourite new build home for sale – today, it’s the ‘Oakmere’, an apartment type from Wainhomes available at developments in Lancashire under the Home Reach part buy-part rent initiative.

One example is at Cedar Place in Barton, around five miles north of Preston. The ‘Oakmere’ apartment is offered on the ground floor and first floor of low-rise building that fits in very well with the houses in the development. There’s only a slight difference of layout to accommodate the stairs. Each unit has an open-plan kitchen/dining/living room, a family bathroom, a double master bedoom and a single bedroom that these days could function as a home office.

At Cedar Place, this home type is available with Home Reach from £62,475 for a 50% share, based on a full market value (FMV) of £124,950.

The OakmereWainhomes is also offering this property type at two other Lancashire developments right now:

At Chadwick Gardens in Little Eccleston, prices start at £59,975 for a 50% share (FMV £119,950). There’s an ‘Oakmere’ show home here.

At St Johns Walk in Poulton-le-Fylde, prices start at £69,975 for a 50% share (FMV £139,950).

 

Find out more about Wainhomes developments.

Find out more about the Home Reach initiative.


 

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A Guide To Part Buy Part Rent
Part Rent Part Buy is a scheme you can use with Home Reach where you buy a share of your chosen newly built home and pay a monthly rent on the part you don’t buy. Your budget will decide the size of the share you buy, rather than the size of your home. So, you might decide to buy a bigger share of a lower priced home or a smaller share of a more expensive home.

You are able to purchase your share in either cash savings or by taking out a mortgage. If you are taking out a mortgage to finance your share, you will need to allow for a minimum of 5% deposit. The larger your deposit (typically 10%) the lower your mortgage repayments are likely to be.

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