Award winning housebuilder Crest Nicholson is offering Home Reach, its first ever part buy-part rent ownership option, at its popular Alconbury Weald development in Huntingdon, Cambridgeshire. The scheme is available on properties at Wellington House, which comprises a contemporary selection of one and two bedroom apartments. The homes are ideal for first-time buyers with prices starting at £90,000 for a 50% share.
Home Reach, in partnership with heylo, provides the security of home ownership with a lower initial financial commitment, making it a more affordable way onto the housing ladder. It allows users to access all the benefits of owning a home, from the ability to decorate and personalise their home, to the flexibility to sell and move at any point.
Homereach is a part-buy, part-rent process that allows buyers to purchase a share in a property, with the possibility to increase the share over time up to 100% ownership. The remaining interest in the property is owned by heylo, which acts as the landlord and grants you a 125-year lease.
Karen Coulson, Sales and Marketing Director at Crest Nicholson Eastern, commented: “The introduction of Home Reach at our Alconbury Weald development is already proving popular. It’s an ideal option for first time buyers that need an additional helping hand to get onto the property ladder, as you don’t need to save up a hefty deposit – you can buy with a deposit of as little as £4,500. We’d urge anyone who wants to find out more to get in touch with our friendly sales executives at Alconbury Weald.”
Surrounded by hundreds of acres of open space, residents at Alconbury Weald will have access to a range of existing amenities, including a brand new primary school, café, gym and cricket pavilion. Building work for a secondary school is also currently underway, with an anticipated opening date of September 2023/2024. Alongside various shops and services, there will also be new health and community centres, with 1 million sq. ft of business space already completed.
A series of cycle and walking routes throughout the development provide connectivity for those keen to enjoy an active lifestyle. For residents looking to travel or commute to nearby hubs, the development is within easy reach of the A1 and A14. This provides easy access to the Cambridge Guided Busway which offers links to Huntingdon, St. Ives and Cambridge. Huntingdon station is also just a 15 minute drive from the development, offering trains to London Kings Cross within an hour.
All apartments at Wellington House at Alconbury Weald are available to purchase on the Home Reach scheme, with 50% ownership starting at £90,000 for a one bedroom apartment and at £104,500 for a two bedroom apartment. The homes will be ready to move into Summer 2021.
For more information visit the Sales and Marketing suite which is open Thursday to Monday from 10am to 5pm, alternatively call 01480 809 514. To find out more about using Home Reach with Crest Nicholson please visit our Home Reach page.
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