Final Part Buy-Part Rent Opportunities At Home Counties Sites
House-hunters looking for a first step on the property ladder in the Home Counties now have a final chance to ‘part buy-part rent’ a brand new home at a number of developments, using the Home Reach initiative.
With Home Reach, a scheme run by housing provider heylo and a number of housebuilders across England, qualifying first-time buyers on a limited budget can purchase a share of their new home (usually 50%) and pay a subsidised rent on the remainder. It’s their home, but the process requires a much smaller deposit and mortgage than purchasing outright. They can buy further shares as their budget allows, until they own 100%.
In Brize Norton, Oxfordshire, is Linden Gardens, the ‘Hawkley’ is a two-double-bedroom apartment with open-plan kitchen/diner/living area, a family bathroom and built-in storage. The great specification includes an LED feature fireplace, integrated kitchen appliances including a dishwasher and washer/dryer and built-in wardrobes with sliding doors to bedroom one. This can be purchased at £115,000 for a 50% share, based on a full market value of £230,000. Find out more about Linden Gardens.
The range of properties available through Home Reach is not limited to the more commonplace idea of a starter home being an apartment or small house. In Banbury, at Waterside Place, the ‘Salisbury’ is a four-bedroom detached house that makes an ideal family home. It comes with open-plan sitting/dining area with French doors to the garden, a separate kitchen, some useful storage and a master bedroom with en suite and fitted wardrobes. The price is £162,000 based on 50% share of the full market price of £324,000. Find out more about Waterside Place.
Davington Fields
Davington Fields is a development in the north Kent town of Faversham, which is served by High Speed rail services and handy for commuting. The ‘Rose’ is a three-bedroom, semi-detached townhouse in a contemporary style which will suit buyers seeking the benefits of three-storey living. This has a kitchen/dining room, which opens onto a private garden, and also a WC and private study on the ground floor. On the first floor is a sitting room, family bathroom and bedroom three. The second floor contains two well-proportioned bedrooms, the largest of which has an en suite. A 50% with Home Reach costs £192,998, based on a full market price of £385,995. Find out more about Davington Fields.
Just south of Bletchley and Milton Keynes is The Leys at Willow Lake, where a two-bedroom apartments is for sale under the Home Reach scheme. The ‘Osprey’ is priced at £109,000 for a 50% share, based on a full market value of £218,000, and will require a minimum deposit of £5,450. It has an open-plan lounge/kitchen/dining room as its focal point and the spacious principal bedroom comes with en suite shower room. Find out more about The Leys at Willow Lake.
There’s another great house for families from Home Reach at Massey Close in the village of Thakenham, West Sussex, a few miles east of Pulborough and close to the South Downs National Park. Plot 3 is a three-bedroom, semi-detached property which offers an open-plan living/dining, separate fitted kitchen, downstairs cloakroom and built-in storage to the ground floor. The master bedroom has an en suite shower room. It has a private garden and comes with two parking spaces. This is priced at £203,500 for a 50% share (full market value of £407,000), and would require a minimum 5% deposit of £10,175. Find out more about Massey Close.
Find out more about current properties available using Home Reach.
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