Posted 12 October 2021 by
Keith OsborneFor house-hunters in the South West of England searching for a first home to move into by this Christmas, there are a few opportunities to do so at developments across the region which are 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 purchasing 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 smaller mortgage than purchasing outright. Over time, owners can buy further shares as their budget allows, until they own 100%.
Spinnaker is in Westbury, located next to Eden Vale Lake - the home of Westbury Sailing Club and close to local amenities and travel links. It’s bringing a range of high-specification two-, three- and four-bedroom homes to the town. The ‘Burnet’ is a notable home, a chance to part buy-part rent a three-storey, four-bedroom house. On the ground floor are a kitchen/dining room, separate living room and a cloakroom; on the first floor are a double bedroom with en suite and Juliet balcony, together with a single bedroom; and there are two more bedrooms and the family bathroom on the top floor. A 40% share is priced from £136,000 (full market value £340,000) and requires a minimum 5% deposit from £6,800.
Boulevard View is in Whitchurch and consists of 162 one- and two-bedroom apartments with high-specification fittings and bright, spacious layouts. The development is within reach of the city centre and restaurants and bars of Southville, the campus of City of Bristol College, South Bristol Community Hospital and acres of green space. A two-double-bedroom property here has an open-plan kitchen/dining/living room and a family bathroom. A 50% share starts at £107,500 (full market value from £215,000) and requires a minimum of 5% deposit from £5,375.
‘Spruce’ house type
Blackmore Meadows is on the edge of Stalbridge, Dorset, less than a mile from its centre, and conveniently located and within easy reach of Sturminster Newton, Shaftesbury, Gillingham, Blandford Forum and Sherborne. The three-bedroom ‘Spruce’ comes in an architecture that reflects the local vernacular, combined with a thoroughly modern interior. It’s a double-front layout, with kitchen/dining room and utility room to one side of the hall way and a living room to the other. Upstairs are two double and one single bedroom and the family bathroom. Bedroom one has an en suite and a dressing area. This is priced from £185,000 for a 50% share (full market value from £370,000) and requires a minimum of a 5% deposit from £9,250.
Monument View is in Wellington, Somerset and part of a bustling community that has shops, supermarkets, schools, and health facilities as well as an array of sports and leisure activities. it’s only seven miles to the county town of Taunton which has rail links to London Paddington and Bristol. One example of the homes for sale here is the ‘Hazel’ which has a sitting room to the front and the kitchen/dining room at the rear, with French doors to the garden. There are two double bedrooms, a single bedroom and family bathroom. This is priced from £152,500 for a 50% share, based on a full market value from £305,000, and requires a minimum 5% deposit from £7,625.
Priory Fields in Wells is named after the old railway station on the Strawberry Line, on the outskirts of the medieval city and offers semi-rural living on the doorstep of pretty villages and glorious scenery. The ‘Poplar’ is a three-storey terrace home. On the ground floor is a cloakroom and the open-plan kitchen/family room with doors to the rear garden; on the first floor are a sitting room, the bathroom and a single bedroom that could fulfil other functions; and on the top floor are two double bedrooms, one with an en suite. A 50% share starts from £177,500 (full market value from £355,000) and requires a minimum of 5% deposit from £8,875.
‘Walton’ house type
Barleyfields is a collection of three-bedroom houses for sale in Gloucestershire close to both the historic village of Ashchurch and the attractive market town of Tewkesbury. Right now, the ‘Walton’ offers a living room, kitchen/dining room, cloakroom and under-stairs storage on the ground floor, and the bathroom and three double bedrooms (one en suite) on the first floor. A 50% share starts from £156,550 (based on a full market value of £313,100) with the requirement of a minimum of 5% deposit from £7,828.
Great Oldbury is a new community taking shape in Stonehouse, a five-minute drive west of Stroud, and it offers a collection of two-, three- and four-bedroom homes. Top-of-the-range right now is the ‘Mylne’. The hub of the home is the kitchen/dining/family room at the rear, with French doors to the garden, and there’s a separate living room at the front of the home. There’s a family bathroom and four bedrooms, one of which has an en suite. A 50% share starts from £180,000, based on a full market value from £360,000, and requires a minimum of a 5% deposit from £9,000.
The Waterfront at Gloucester Quays is a distinctive collection of twobedroom apartments, many with waterfront aspect and south- and south-east-facing balconies. Ready to move into is the ‘Dulcio’ which has a kitchen/dining/living room with Juliet balcony, two generous double bedrooms (one with fitted wardrobe and en suite shower room), a bathroom and a very useful walk-in storage cupboard off the hallway. A 25% share starts from £61,250 (full market value from £245,000) and requires a minimum of 5% deposit from £3,063.
Find out more about Home Reach developments across the South West of England.
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