England, Wales, Scotland & Northern Ireland
Housing Market
Commuters Three-Times More Likely To Buy A Home After 40
According to exclusive data from Outra, buyers under the age of 30 in High Wycombe accounted for only 21% of sales over the past three years. This is compared to the number of buyers over 40, which was almost three times the amount at 57%.
Meeting the demand for affordable housing for all ages in this commuter hotspot is Home Reach’s latest collection of Shared Ownership homes at The Old Works, in High Wycombe, Buckinghamshire. An exclusive development of 228 new-build and boutique conversion apartments, The Old Works offers a limited number of studio apartments available through Shared Ownership with Home Reach.
Giving budding buyers a glimpse of life at The Old Works, Home Reach are set to host an open day on Saturday 10th February, showcasing the impressive homes available.
Designed to accommodate modern living and located within a bustling neighbourhood, first-time buyers will have the opportunity to experience the stylish open plan living spaces, alongside the exceptional location in the heart of High Wycombe, where residents can enjoy the range of independent shops and cafes less than a 15-minute walk from their front door.
Melissa Toomey, Director of Sales for Home Reach, comments, “Home Reach is delighted to provide a collection of studio Shared Ownership apartments at The Old Works in High Wycombe, offering an alternative option for young professionals looking to step foot onto the property ladder in this well-known commuter hotspot.”
“Now 95% sold, our remaining homes at The Old Works are an exciting opportunity for first time buyers, be it local or from further afield, to purchase an affordable home in an area where home ownership appears to be out of reach for many. We are excited to welcome prospective purchasers to our open day on the 10th of February, a chance to showcase the fantastic homes available at this new development.”
As one of the largest home ownership programmes in the UK, Home Reach aims to make housing across the UK more affordable and accessible for aspiring homeowners. With deposits from £5,000 for a 50% share of a studio apartment at The Old Works, Home Reach is offering buyers the opportunity to step onto the property ladder at a fraction of the price compared to the open market.
With Shared Ownership homes by Home Reach, buyers pay a mortgage on the share of their chosen newly built home and pay a monthly rent on the rest of the property. Buyers can purchase up to a 75% share of their home, with Heylo Housing acting as the landlord. A rent from 2.75% of the unsold value is paid each month by the buyer, with the opportunity to staircase up to owning the property’s total shares.
Homes at The Old Works are finished to a high standard throughout, featuring Matrix appliances in the kitchen, as well as built-in storage and contemporary design. Recognising the importance of cost-effective energy, the apartment buildings are also fit with PV panels and MVHR.
The Old Works is situated just a seven-minute drive away from High Wycombe Railway Station, offering commutes into the capital in 30-mintues, whilst car journeys into London and trips further afield are made easy thanks to the nearby M40 and M25, and Heathrow Airport also only a 22-minute drive away.
Located a 10-minute walk to Eden Shopping Centre and Buckinghamshire New University, apartments at The Old Works offer both comfort and convenience. Moments away are an array of local cafes, bars, restaurants and greenspaces at your doorstep, including The Rye Adventure Playground and Tom Burt’s Hill.
Shared Ownership prices typically start from £100,000 for a 50% share of a studio apartment at
The Old Works
(full market value from £200,000).
Shared Ownership terms and conditions apply.
Call our team at 0203 744 0415 or visit https://www.homereach.org.uk/ for more information.
