Nottinghamshire Developments Offer The Home Reach Scheme

House-hunters in Nottingham on a modest budget, but with ambitions for homeownership, will find chances to ‘part buy-part rent’ brand new homes at developments across the county thanks to 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%.

Treswell Gardens is a collection of homes is in Retford, a town with plenty to offer and well-connected by road and rail to many other towns and cities. Parents will be impressed by the range of primary and secondary schools rated ‘Good’ by Ofsted. Here, the ‘Wyatt’ is a great opportunity to enjoy three-storey living. Off the ground floor hallway are the kitchen/diner, the living room, a WC and some useful storage. The first floor has two bedrooms and a bathroom, and the top floor is dedicated to the principal bedroom and en suite. A 50% shared is priced £104,475 (based on a full market price of £208,950).

Edwalton Fields is on the outskirts of Nottingham and part of a bustling community with a local shop, post office, pharmacy and schools. You'll also find supermarkets and leisure facilities within easy reach. A three-bedroom ‘Beckett’ is available at £209,998 for a 50% share, based on a full market value of £419,996, is a double-fronted end-of-terrace house that has a living room, kitchen/dining room with French doors to the garden, a cloakroom, two double bedrooms (one with en suite), a single bedroom and a family bathroom.

The Pastures is a development of two- and three-bedroom homes located in the thriving village of Bilsthorpe, overlooking scenic Nottinghamshire countryside and within easy reach of numerous towns and cities. Here, the ‘Cork’ will make an ideal choice for an individual buyer or couple, being a two-bedroom home with a lounge leading to a kitchen/diner at the rear. There’s also a downstairs cloakroom and a bathroom. This home is priced from £83,498 for a 50% share (full market value from £166,995). A larger option is the ‘Lisburn’ which has kitchen/dining room with French doors to the rear garden, a living room at the front, two double bedrooms, a single bedroom, a bathroom and a downstairs WC. A 50% share of this home starts from £92,998, based on a full market value from £185,995.

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