According to the latest official data from the Land Registry, average property prices in the UK have experienced a marginal annual decline of just 0.1% to £291,000, amid predictions for a dramatic drop in house prices appearing unlikely.* With first time buyers making up more than 50% of the country’s purchasing population this year, it is clear that affordable routes to home ownership are increasingly in demand.**
As one of the largest home ownership programmes in the UK, Home Reach aims to make housing across the UK more affordable and accessible for aspiring homeowners. With shares starting from 25%, and minimum deposits of 5%, Home Reach is giving first time buyers the opportunity to step onto the property ladder for a fraction of the price compared to the open market.
Melissa Toomey, Director of Sales for Home Reach, comments: “We are delighted at the response that our Home Reach homes have received in the past couple of months, with only a few remaining properties available at selected developments. Offering house hunters the chance to purchase their dream home without paying extortionate prices, Home Reach’s Shared Ownership properties offer security and flexibility, so buyers can begin their housing journey without having to worry about soaring property prices.”
Home Reach has a variety of last remaining homes available through Shared Ownership across the country – spanning from three-bedroom houses in Northumberland to one-bedroom homes in Hampshire.
One of the last remaining three-bedroom homes available to buy through Home Reach is at Church Fields, Northumberland. Perfect for first time buyers, home movers and growing families alike, Church Fields is set within vast green spaces, meaning residents can enjoy countryside walks and scenic nature trails just moments from their doorstep. Featuring a bright and spacious lounge, open plan kitchen leading onto the garden, and contemporary design throughout, Church Fields is perfect for new home purchasers searching for style and convenience. Shared ownership prices for a home at Church Fields start from £109,998 for a 50% share of three-bedroom home (FMV: £219,995).
The final three-bedroom house at Partridge Walk is also available to buy through Home Reach, situated in Staffordshire. Featuring an open plan kitchen/diner, separate living area and plenty of built in storage, Partridge Walk has been designed to optimise residents’ living space. Buyers at Partridge Walk need not compromise on style or size, offering a master bedroom with ensuite and a separate family bathroom, complete with contemporary design throughout. Shared Ownership prices for a home at Partridge Walk start from £101,499 for a 35% share of a three-bedroom home (FMV: £289,996).
Ideal for young professionals and families, Home Reach has just two, two-bedroom homes available to purchase at Oakland Park, Masham, with shares starting from 25%. The two remaining semi-detached houses offer contemporary design, complete with Villeroy and Boch sanitaryware and Hansgrohe showers, along with fitted gas and central heating as standard. Situated in the heart of a thriving community, offering easy access to a range of excellent schools and amenities in nearby Thirsk and Ripon, Oakland Park is perfect for residents looking for style and convenience. Shared Ownership prices for a home at Oakland Park start from £123,990 for a 50% share of a two-bedroom home (FMV: £247,980).
For prospective buyers in search for a place to call home in southern England, the final apartment available at Bruneval Gardens in Hampshire is ideal for first-time buyers and commuters alike. Bruneval Gardens is located in a vibrant new neighbourhood with easy connections into London and beyond. A short drive from the M3, A31 and A331, as well as direct trains reaching London Waterloo in 46 minutes, Bruneval Gardens is perfect for those in search of a home close to London’s buzzing atmosphere. Shared Ownership prices for a home at Bruneval Gardens start from £79,098 for a 35% share of a one-bedroom apartment (FMV: £225,995).
Call our team at 0203 744 0415 or visit https://www.homereach.org.uk/ for more information.
*Which, September 2023.
**Confused.com, 2023.
