Home Reach Apartments In The West Midlands Region

For house-hunters on a modest budget seeking a brand new apartment in the West Midlands region, the Home Reach initiative, which helps first-time buyers ‘part buy-part rent’ a brand new home, is available at a number of developments right now.

Home Reach is a partnership between housing provider heylo and a number of housebuilders. It is open to first-time buyers who meet the eligibility criteria and is a way of purchasing a share of a new build home (usually starting at 50%) and paying a subsidised rent on the remainder, with heylo as the landlord. Offered on selected plots at a development, this initiative provides all the benefits of homeownership but requires a much smaller deposit (5% of the share price) and mortgage than purchasing outright. Over time, owners can buy further shares as their budget allows, until they own 100%.

Manor House at Bournville Park is the final phase of the Bournville Park project and is set within the former ground of the Northfield Manor House, surrounded by mature grassland and built on land that is deep in heritage, dating back to the mid-1700s. It is providing a mix of one- and two-bedroom apartments. Here, a one-bedroom home is currently available through Home Reach. It has an open-plan kitchen/dining/living room, generous double bedroom, family bathroom and a large utility cupboard off the hallway. This home is priced at £97,750 based on 50% share of the full market value of £195,500.

Woodlands Park in Solihull is just a four-minute drive from junction 4 of the M42, with a host of places to eat, drink and exercise on the doorstep. The contemporary-design development is a collection of one- and two-bedroom apartments. Available on Home Reach is a one-bedroom apartment in Lotus House. It has an open-plan kitchen/dining/living room, generous double bedroom, family bathroom and a large utility cupboard off the hallway. This home is priced at £94,500 based on 50% share of the full market value of £189,000.

Cliveland House

Cliveland House is a collection of 52 one- and two-bedroom apartments in a thoroughly modern architecture which is ocated on a quiet stretch of canal within Birmingham’s historic Gun Quarter, and just a 10-minute walk from Snow Hill station and the Jewellery Quarter. There is a one-bedroom duplex available through Home Reach here. Downstairs is the kitchen/living room and a WC, upstairs is the double bedroom with its en suite bathroom. This home is priced at £99,950 based on 50% share of the full market value of £199,900.

Tucked away from the hustle and bustle, surrounded by 500 acres of beautiful green open space and within easy reach the brand new St Gabriel's Academy, is Hansford Park in Rugby. Here, available through Home Reach, is a one-bedroom apartment with an open-plan kitchen/dining/living room, double bedroom, family bathroom and a utility cupboard off the hallway. This home is priced at £66,360 based on 40% share of the full market value of £165,900.

Berrington Place is an apartment development in Balsall Heath, to the south of Birmingham city centre, with an array of restaurants and bars close by to enjoy with family and friends, as well as excellent commuter links. A one-bedroom property available through Home Reach here has an open-plan kitchen/dining/living room, double bedroom, family bathroom and a utility cupboard off the hallway. This home is priced at £99,500 based on 50% share of the full market value of £199,000.

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