Award winning housebuilder Crest Nicholson has recently announced the introduction of Home Reach, its first part buy-part rent ownership option at its Colwell Green development in Witney, Oxfordshire. Widening the opportunity of home ownership to more potential buyers, the new programme is in partnership with specialist heylo and is now available on two bedroom apartments at the development.
With starting prices from £127,475 for a 50% share of the property, purchasers can buy with as little as a £6,373 deposit using the scheme at Colwell Green.
Home Reach 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. First time buyers also benefit from Stamp Duty* relief on Home Reach properties.
Situated on the edge of the Cotswolds in the bustling market town of Witney, Colwell Green is set on the River Windrush offering a scenic location and the very best of rural living, whilst also enjoying a host of amenities on the doorstep. The two bedroom apartments feature an open plan kitchen and dining area, ideal for entertaining. Offering a high specification throughout, the homes provide an en-suite to the master bedroom, as well as a separate bathroom.
David Hnyda, Sales & Marketing Director at Crest Nicholson Chiltern, commented: “The sought-after market town of Witney offers an ideal location for those that would like to enjoy the best of both worlds; rural countryside, whilst also benefiting from excellent travel links and amenities on the doorstep.
“The launch of the Home Reach part buy-part rent scheme at Colwell Green offers an additional helping hand for purchasers looking to get on the housing ladder and allows buyers to put forward a smaller deposit. The scheme is already proving popular at the development, so I’d urge that anyone interested gets in touch with our sales advisers as soon as possible to avoid disappointment.”
Located around 30 minutes’ drive from Oxford, residents at Colwell Green will benefit from excellent road links to the A34, A40 and M40, as well as excellent rail links via Hanborough and Charlbury stations. London Paddington station is easily accessible in just over an hour from Charlbury station, or in 40-minutes from nearby Didcot train station.
Shared ownership 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. The marketing suite and show home at Colwell Green is now open for appointments only, Thursday – Friday from 10.00 to 17.00. For more information or to book your viewing visit www.crestnicholson.com/developments/colwell-green/.