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Move In By Christmas With Home Reach In Greater London

Posted 1 November 2021 by Keith Osborne

A number of apartments across the region can be purchased right now via the part buy-part rent scheme...

For house-hunters on a modest budget in Greater London searching for a first home to move into by this Christmas, there are a few developments across the capital which offer properties for sale through the Home Reach scheme.

Home Reach is a partnership between housing provider heylo and a number of housebuilders across England which gives buyers who meet the eligibility criteria the opportunity to ‘part buy-part rent’ a brand new home. You can purchase a share of a new build home (usually starting at 50%) and pay a subsidised rent on the remainder, with heylo as the landlord. The scheme is offered on selected plots at a development 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%.

Here are some examples of homes in Greater London ready to move into by Christmas through Home Reach.

Easton Lodge is an exclusive development of just 36 brand new high-specification apartments, conveniently located on Hanwell's bustling high street, just a short distance from Ealing. Hanwell is already well connected by road, rail and air travel but the upcoming Elizabeth (Crossrail) line, which will include nearby Hanwell station, will ensure fast and easy access to a wide range of locations both in and out of London. There’s a chance to buyer either a one-bedroom home for £101,250 (based on 25% share, full market value £405,000) or 25% of a two-bedroom unit, which is priced £137,500 (full market value £550,000). Everyone gets an open-plan kitchen/living/dining area, private outdoor space, and top-quality fittings including Amtico flooring, Bosch kitchen appliances and Villeroy and Boch bathroom.

Dover CourtDover Court

Dover Court is a development of one- and two-bedroom apartments on the doorstep of local cafés, bars and convenience stores and within easy reach of Southall’s train station, providing service into Paddington in just 18 minutes and soon to be offering Elizabeth line services through the centre of the city. With a contemporary architectural design, all the homes benefit from private outside space and have access to a private landscaped garden. There are one-bedroom and two-bedroom homes available here, priced at £150,000 and £182,500 respectively for a 50% share (full market values £300,000 and £365,000 respectively. The specification of each includes fitted Magnet kitchens, integrated appliances, bathrooms with RAK, Crosswater, Hansgrohe and VADO fittings and tiles, and spacious double bedrooms.

Trinity CourtTrinity Court

Trinity Court is located in Pinner within walking distance of some amenities and green spaces as well as shopping, dining and entertainment options. It is also a convenient journey from central London, just 30 minutes to Baker Street via the Underground. This development is nearly sold out but there’s still a chance to buy a two-bedroom apartment here for £225,000 (based on 50% share and full market value of £450,000). There’s an open-plan kitchen/dining/living area, top-brand appliances, cotemporary bathroom, high-quality flooring and underfloor heating.

 

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Featured Developments
Hanwell, Ealing W7 3
£101,250 - £137,500 (from 25% share)
Easton Lodge
Hanwell, Ealing W7 3
1 - 2 bedroom properties
Home Reach
Southall Green, Ealing UB2
£75,000 - £91,250 (from 25% share)
Dover Court
Southall Green, Ealing UB2 
1 - 2 bedroom properties
Home Reach
Pinner, Harrow HA5
£112,500 (from 25% share)
Trinity Court
Pinner, Harrow HA5 
2 bedroom properties
Home Reach
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A Guide To Part Buy Part Rent
With Home Reach 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.

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