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Part Buy-Part Rent With Housebuilder Around Doncaster

Posted 20 December 2022 by Keith Osborne

Home Reach is available on houses at a number of Barratt Homes developments in and around Doncaster...

House-hunters in South Yorkshire area who aspire to homeownership but have only a modest budget that isn’t enough to buy outright can find several chances to ‘part buy-part rent’ a brand new properties at some developments in the county thanks a partnership between Barratt Homes and heylo to offer the Home Reach scheme.

For buyers who meet the eligibility criteria, Home Reach is 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%.

Home Reach is available at a few Barratt Home developments in South Yorkshire right now.

Kings Lodge is located just outside Hatfield, six miles north-east of Doncaster and only three miles from the M18 and M180. The village itself and neighbouring Stainforth have independent shops, cafés and pubs, and just a few minutes away are a number of major supermarkets. There are ‘Good’ and ‘Outstanding’ Ofsted-rated schools in the area.

There are a few properties available through Home Reach here. []. From £108,000 (full market price £216,000) is the ‘Maidstone’, with kitchen/diner, lounge, two double bedrooms (one with en suite), a single bedroom/study and two parking spaces. Alternatively, at £120,000 for a 50% share (full market price £240,000), is the ‘Moresby’, another semi-detached three-bedroom house type with lounge at the front, kitchen/diner with French doors to the south-east-facing garden at the rear.

‘Moresby’‘Moresby’ house type

New Rossington is south of Doncaster and it’s where Barratt Homes is building three- and four-bedroom homes at Torne Farm. A good range of shops, amenities and places to enjoy spare time are on the doorstep, and some ‘Good’ Ofsted-rated schools. Proximity to the A1(M) and M18 means it could be a perfect village base for commuters.

There’s another example of the ‘Moresby’ house type here, with a 50% share priced from £115,000 (full market price £230,000). Plot 116 is a detached home with private parking which offers the layout of dual-aspect lounge, a kitchen/dining room, a cloakroom and storage off the hallway, two double bedrooms (one en suite), single bedroom and family bathroom.

Park Edge at now 75% sold, bringing three- and four-bedroom homes to a site just a mile from the centre of Doncaster. Its location means proximity to shops and amenities, green open spaces and convenient transport links.

Among the current range of initiatives and purchase schemes, Home Reach is available on an example of the ‘Maidstone’ house type which is priced at £105,000 for a 50% share (full market priced £210,000), which is located in a quiet part of the development and comes with a double parking space. From the hallway, it’s past the cloakroom to the lounge, which leads to the kitchen/dining room, where French doors open to the garden. Two of the three bedrooms are doubles, with the largest having the bonus of an en suite. The other two can share the family bathroom

 

Find out more about current Home Reach opportunities in South Yorkshire.

Find out more about current Barratt Homes developments in South Yorkshire.

 

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Featured Developments
Hatfield, South Yorkshire DN7
£197,000 - £345,000
Kings Lodge
Hatfield, South Yorkshire DN7 
3 - 4 bedroom properties
Barratt Homes
Hatfield, South Yorkshire DN7
Price on application
Kings Lodge
Hatfield, South Yorkshire DN7 
3 bedroom properties
Home Reach
New Rossington, South Yorkshire DN11
£200,000 - £270,000
Torne Farm
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Doncaster, South Yorkshire DN11
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£140,000 - £140,000
Park Edge
Doncaster, South Yorkshire DN2 
2 bedroom properties
Barratt Homes
Doncaster, South Yorkshire DN2
Price on application
Park Edge
Doncaster, South Yorkshire DN2 
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