With summer stretching ahead, many minds will turn to the coast – from weekend getaways to longer trips, a jaunt to the seaside offers an enduring appeal.
But for those looking to relocate to the coastline full-time, buying a home near the sea can come at a substantial premium.
Offering an alternative route to homeownership near the sea, Home Reach gives buyers an opportunity to purchase a share of a new build home (usually starting from 50%) through shared ownership.
Heylo Housing, a leading housing provider, offers a scheme on selected plots at developments across England. This scheme requires a much smaller deposit (5% of the share price) and a smaller mortgage than when purchasing a home outright. Over time, owners can buy further shares as their budget allows, until they own 100%.
Heylo works with many respected housebuilders to offer Home Reach on a range of property types and budgets, from modest apartments to large family homes – a selection of which are just moments from the Great British coastline.
Finches Park, Frinton-on-Sea, Essex
Finches Park is a Linden Homes development taking shape in Frinton-on-Sea, a local town offering an impressive range of independent boutiques, cafes and restaurants alongside good schooling options.
The development offers a range of two, three, four and five bedroom houses and bungalows just two miles from the esplanade and within easy reach of essential amenities, a railway station and several major roads.
Available through Home Reach is The Hadleigh, a double-fronted bungalow with three generous bedrooms, one with en suite and feature bay window. The Hadleigh also features a spacious dual-aspect living room with French doors to the garden, fitted kitchen/dining room with larder cupboard and a family bathroom. This house comes with two parking spaces. Through Home Reach, it is priced from £222,998 (50% share based on a full market value of £445,995), which would require a 5% deposit from £11,150.
Levens View, Ulverston, Cumbria
Ulverston is a market town on the northern fringe of Morecambe Bay, an estuary known for its wildlife and expansive sandflats. Rowland Homes’ Levens View is on the south side of town, delivering two, three, four and five bedroom homes in a period-inspired design with a thoroughly modern specification.
Amongst the properties currently available through Home Reach is the Waddington, a two bedroom house that could be a perfect first step on the property ladder. Downstairs is a lounge with bay window, a cloakroom and a kitchen/diner with French doors to the garden. Both bedrooms are comfortable doubles, one with a large built-in storage cupboard, and they share a family bathroom. This starts at £103,998 (50% share based on a full market value of £207,995), requiring a 5% deposit from just £5,200.
Residents are only a few minutes away from the bustling town centre with its market square a host of shops and useful amenities. The town has well-regarded schools for all ages, and some parks, sports clubs and leisure facilities, all within 15 minutes is the dramatic landscape of the Lake District.
Transport links from the town are excellent, with Barrow-in-Furness and the M6 20-30 minutes away and direct rail services to Lancaster, Preston and Manchester.
For more information on Home Reach’s available properties, call 0203 744 0415 or visit https://www.homereach.org.uk/.
First Time Buyer is an exciting bi-monthly glossy which takes a stylish and comprehensive look at all the options available, setting them out in an entertaining and informative way, and helping potential customers navigate their way through what is often a daunting and complex process. We dispel the myths, reinforce the facts and arm the reader with the tools necessary to make their homeownership dreams a reality.