Part Buy-Part Rent Opportunities In West Midlands Region

Posted 15 April 2021 by Keith Osborne

A wide range of apartments and houses with from one to four bedrooms are right now available from Home Reach...

Homeownership is on the wish list of many people, but there are many who may think that actually getting a foot on the property ladder is beyond their means – but the Home Reach scheme could be the answer, and for those in the West Midlands region, it’s available now on homes with one, two, three and four bedrooms – something to suit a whole array of house-hunters.

Home Reach is a ‘part buy-part rent’ initiative from housing provider heylo, which has partnered with a host of housebuilders to offer brand new homes where people can start with purchasing a share of the home – typically 50% – and paying rent on the remainder. In time, as finances allow, they can buy further shares until they own 100%. It brings many of the benefits of ‘open market’ homeownership but needs a fraction of the deposit and mortgage.

The scheme is only open to first-time buyers, and there are qualifying criteria, but there’s a real range of house-hunters who will be able to use Home Reach, and between them they will be wishing for a variety of property types, from apartments to family houses.

Hansford ParkHansford Park

Home Reach is available for a one-bedroom apartment in Rugby, at Hansford Park. This property, the ‘Hilmorton’ , has an open-plan kitchen/living/dining area, a double bedroom, family bathroom and hallway storage. The specification includes fully fitted Symphony kitchen with integrated oven and hob, vinyl flooring and contemporary white Roca sanitaryware. With Home Reach, a 50% share is priced at £79,500 (full market price £159,000) and the buyer only needs a 5% deposit of that share – £3,975. Monthly costs are estimated at £645 per calendar month. Find out more about Hansford Park.

Woodlands ParkWoodlands Park

For a two-bedroom apartment through Home Reach, there’s one for sale at the Lotus House block at Woodlands Park in Solihull. It has an open-plan kitchen/living/dining area which opens up onto a generous private balcony the full width of the home. Both bedrooms are doubles and there’s the bonues of an en suite shower room to the master. There’s also a family bathroom and hallway storage complete this home. A 50% share is £120,750, based on a full market value of £241,500. The buyer will require a 5% deposit of £6,038. Find out more about Woodlands Park.

‘The Alena’‘The Alena’, Blythe Fields

A two-bedroom house is available at Blythe Fields in Stoke-on-Trent through Home Reach. ‘The‘Alena’ is priced at £93,498 for a 50% (full market value £186,995). Set out over two storeys, there’s a front-facing living room, fitted kitchen/dining with appliances and a door to the rear garden, a cloakroom, under-stair storage, two double bedrooms and a family bathroom. It has gas-fired central heating with a Nest learning thermostat. Blythe Fields also offers some three-bedroom houses. Find out more from Home Reach.

‘The Larch’ at Pear Tree Walk‘The Larch’ at Pear Tree Walk

For someone needing a three-bedroom house, Home Reach has a number of examples, another being ‘The Larch’ at Pear Tree Walk in the village of Drakes Broughton, around seven miles south-east of Worcester. The hub of this detached home is the kitchen/dining room at the rear, which has bi-fold doors to the rear garden. In addition to a downstairs cloack room and handy under-stairs storage, at the front of the ground floor are a sitting room and a dedicated study – an essential for many home-working buyers there days. Upstairs, along with a family bathroom, the lavish master bedroom has an en suite bedroom and a sizeable dressing room with wardrobe. Bedroom two is a double and bedroom three a single, which might also function as another office or a hobby room. This property also comes with allocated parking. It’s priced at £175,000 for a 50% share and would require a deposit of at least £8,750. This is based on a full market value of £350,000. Find out more about Pear Tree Walk.

‘The Monkford’‘The Monkford’, Fallows Heath

Finally, it is possible to ‘part rent-part buy’ a four-bedroom home thanks to Home Reach. In Burntwood, Staffordshire is Fallows Heath and ‘The Monkford’ is a spacious detached house perfect for a growing family. The entrance hallway leads to a spacious kitchen/diner and there’s a guest cloakroom and a light and airy lounge with French doors to the garden. On the first floor are an en suite master bedroom, two more double bedrooms, a bathroom, and a fourth, single bedroom which could have a multitude of alternative uses. A deposit of £7,599 could secure a 50% share of this home at £151,975, based on a full market value of £303,950. Find out more about Fallows Heath.

Find out more about current developments offering a host of property types across the West Midlands region from Home Reach.

 

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A Guide To Part Buy Part Rent
Part Rent Part Buy is a scheme you can use with Home Reach where you buy a share of your chosen newly built home and pay a monthly rent on the part you don’t buy. Find your part buy part rent house today!

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