Member Article

Local homebuilder helps prospective buyers in Sheffield secure their dream home

House hunters in Sheffield are being offered an innovative way to move into a new home with a shared ownership scheme at David Wilson Homes’ Oughtibridge Valley development in Sheffield.

Home Reach is a government-backed shared ownership scheme which allows eligible buyers to purchase a 50-75% share of a new three bedroom home on the popular development and pay a low monthly rent on the remaining share. Buyers then have the opportunity to increase their share in their home up to 100% over time.

The scheme is offered in partnership with shared ownership specialist, heylo housing, who own the remaining share and act as a landlord.

Under Home Reach, Barratt Developments Yorkshire West is giving prospective buyers the chance to purchase The Archford at Oughtibridge Valley. The Archford is a semi-detached, three bedroom home, designed with plenty of space for modern living, with prices starting from just £151,500 for a 50% share.

Downstairs, The Archford boasts a spacious living room that leads to an open-plan dining kitchen with French doors that open out onto the rear garden, creating the option for even more living space in the warmer months. Upstairs comprises a main bedroom with its own en suite shower room, a further double bedroom, a single bedroom that could be transformed into a home office and a family bathroom.

Sam Wood, Sales Director at Barratt Developments Yorkshire West said: “The flexibility offered by the Home Reach scheme at Oughtibridge Valley is perfect for those looking for an affordable way to move into a brand new home. The Archford is the ideal home for young professionals, growing families and those looking to own their first property, and we’re thrilled to be able to offer a helping hand in the form of shared ownership.”

Oughtibridge Valley is a stunning community of three and four bedroom homes nestled in picturesque woodland and combines countryside charm with city connections. Homes are available from £151,500 and prospective buyers are invited to tour the show homes by booking an appointment at the sales office.

This was posted in Bdaily's Members' News section by Richard Savage .