The majority of first time buyers claim that saving for a deposit is the biggest hurdle in their home ownership journey, amid reports that the average deposit put down by a first home buyer sits at 24% of the total property price*.
Home Reach is delivering homes with deposits from just 5%, offering homes in Staffordshire with deposits starting from £7,000 – almost £40,000 less than the local area average. Home Reach are bringing a selection of three- and four-bedroom homes to Dracan Village at Drakelow Park in Burton-upon-Trent, exclusively available through Shared Ownership.
Set on the former site of the Drakelow Power Station, the overall masterplan being delivered by Countryside will see a brand-new community, with over 2,000 new homes alongside additional facilities. As part of a major regeneration project, Drakelow Park will eventually feature a local community centre, a two-form entry primary school, a new GP facility and plenty of public open spaces, including a children’s play area. In keeping with the local area, the development will be home to a number of small lakes, streams and woodlands along with a new network of paths to keep the development connected.
Melissa Toomey, Director of Sales for Home Reach, comments:
“At Home Reach we understand the hurdles that first time buyers often face, largely down to the substantial deposit and property prices being inaccessible. Through offering Shared Ownership homes with just a 5% deposit, we are proud that we can help home buyers. Whether you are a solo purchaser or a growing family, our homes at Dracan Village with community living is at its core, can suit modern lifestyles and could be your ideal home.”
Inside, all homes at Dracan Village have been finished to a modern specification. Fitted kitchens offer a contemporary cooking space, overlooking the open plan dining area complete with French doors opening onto the garden. A separate living room and utility space, along with built in storage and expansive bedrooms add to the expansive feel of the homes, along with ensuites to every primary bedroom.
Dracan Village is ideally located on the northern edge of Burton-upon-Trent, nestled next to the River Trent with wide-open fields close by. This setting offers residents the best of both worlds, combining the tranquillity of rural surroundings with the convenience of the town. The development is within easy reach of Burton-upon-Trent, a historic market town that boasts a variety of shops, cafes, and independent boutiques, as well as landmarks such as the renowned Victorian market hall. Nature lovers can enjoy a wide range of outdoor activities, with miles of footpaths along the river for walking and cycling, while the nearby Drakelow Nature Reserve sits just a mile from Dracan Village.
In terms of transport, Dracan Village is well-connected. Burton-on-Trent train station is just 2.8 miles away, where residents can reach Birmingham in just 24 minutes, while London is a little under two hours away. The local area also offers excellent education opportunities, with several Ofsted Outstanding primary schools within a mile, and secondary schools such as John Taylor High School just a 12-minute drive away, which is also rated Outstanding.
Prices for a 50% share of a three bedroom house at Dracan Village start from £139,998 (FMV: £279,995) and prices for a 50% share of a four bedroom house start from £175,498 (FMV: £350,995).
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.
