Posted on 04th October, 2021

Wavensmere Homes launches Home Reach Properties

By Laura O'Sullivan

Wavensmere Homes has partnered with heylo housing offering a selection of Shared Ownership properties using the Home Reach scheme. 

This means, you could afford a brand-new Wavensmere Homes property for less.

What is Home Reach?

Home Reach is a government-backed scheme that allows first-time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resale property.

You are able to purchase your share of the property in either cash savings or by a mortgage. You will then pay heylo rent for the remaining share that they own. Because the purchaser only needs a mortgage for the share they are purchasing, the amount of money required for a deposit is usually a lot lower when compared to the amount that would be required when purchasing outright.

You can then purchase more shares in the future until you own the whole property.

Why live in Nightingale Quarter? 

Nightingale Quarter is also one of the largest city centre regeneration sites in the UK, covering more than 18.5 acres. The development has been sympathetically designed to incorporate the iconic Victorian “Pepper Pot” buildings, which will remain on site as a permanent reminder of the heritage of the development. 

Here are a few development highlights below –

– Outdoor and indoor gym
– Cycle route
– Six-acres of green open space
– Children’s play area
– On-site café

Prices are from £135,100 for a two-bedroom home or from £161,700 for a three-bedroom home for a 70% share. There are eight properties available and are subject to heylo housing eligibility criteria.

Each Home Reach property will offer one parking space and the same high-end specification that all homes at Nightingale Quarter have.

Enquire today to avoid disappointment. 

For more information on sizes, layouts and floor plans, please visit our website here. Calculate your affordability by using our mortgage calculator over on our website www.qderby.co.uk.