What Space Homes does

Space Homes is a Yorkshire-based homebuilder that develops and sells new build residential properties across all four regions of Yorkshire — North, South, East, and West. Founded in 2002 and operating as a trading name of YH RESIDENTIAL LTD (Company Number 04604866) within the Yorkshire Housing group, the company has built and sold over 1,200 homes since inception and is recognised as Yorkshire's largest shared ownership provider. Headquartered centrally in Leeds, Space Homes builds exclusively in Yorkshire, distributing through a direct sales model with on-site show homes, an inside sales team, and listings on major UK property portals — with no third-party agents or intermediaries.

The company's core products are Market Sale homes (full outright purchase at £245,000–£393,000+) and Shared Ownership homes (initial share of 10%–75%, with subsidised rent paid on the remainder). Construction is conventional but with an explicit sustainability overlay: newer developments, including the Baycroft scheme in Bridlington — Space Homes' first zero-gas development — feature air source heat pumps, solar panels, super-insulated building envelopes, and smart heating design (underfloor downstairs, radiators upstairs). New homes are marketed as compliant with the UK Future Homes Standard, with stated carbon emission reductions of up to 80%. Aftercare is delivered through a dedicated service with 7-day urgent and 28-day non-emergency defect resolution SLAs and a 10-year structural warranty.

Space Homes generates revenue from two streams: one-time market sale completions, and a recurring rental income stream from retained shares on shared ownership units, supplemented by one-time receipts when buyers staircase to higher ownership percentages. Go-to-market is sales-led and direct-to-consumer, targeting first-time buyers, families and up-sizers, and shared ownership buyers priced out of full market values. The company holds New Homes Quality Board registration and Consumer Code for Home Builders compliance, and reports strong customer outcomes: a 4.7/5 Trustpilot rating across approximately 200 reviews, a 94.6% recommendation rate, and 88.97% of customers saying they would choose Space Homes again.

Name

Space Homes

Legal name

YH RESIDENTIAL LTD

Website

https://spacehomes.co.uk

Company type

Private

Founded year

2002

Operating status

Operating

Short description

Space Homes is a Yorkshire-based homebuilder developing new build homes across all four Yorkshire regions, selling directly to consumers via market sale and shared ownership options. As Yorkshire's largest shared ownership provider, it has delivered over 1,200 homes since 2002.

Ownership category

akta.pro rank

Product category

New Build Residential Housing

NAICS

New Housing For-Sale Builders (236117)

akta.pro primary industry

Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)

Keywords

• New build homes
• Residential property development
• Shared ownership housing
• Affordable homebuilding
• Energy efficient homes

Headquarters

HQ city

Leeds

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Market Sale (Full Ownership): Space Homes sells new build homes at full market value. Buyers purchase the complete property outright or with a mortgage. Revenue is generated as a one-time transaction at completion.
2. Shared Ownership: Space Homes sells initial shares (typically 10%-75%) of new build homes to buyers who pay a reduced rent on the remaining share owned by Space Homes. Ongoing rental income is received monthly from shared ownership homeowners. Buyers can staircase (purchase additional shares) over time, generating additional one-time revenue at each staircasing event. This is Space Homes' core differentiator as they sell shared ownership homes directly rather than through third parties.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Space Homes develops and sells new build residential homes across Yorkshire, offering two buying routes: full market value purchases and shared ownership (part buy, part rent with staircasing to higher shares over time). The portfolio is supported by a Part Exchange scheme and a structured aftercare service for defect resolution. All developments are constructed and sold directly by Space Homes without third-party agents.

Product overview

Space Homes is a Yorkshire-based homebuilder offering a unified portfolio of new build residential properties across North, South, East, and West Yorkshire. The core products consist of Market Sale homes (full outright purchase) and Shared Ownership homes (part buy, part rent with staircase options), supported by a Part Exchange scheme. The company operates multiple development sites including Castle Locke (Knaresborough), Cromwell Gardens (Rastrick), Meadow View (Ripon), St John's Park (Beverley), Moordale Gardens (Menston), Cygnet View (Swanland), and Edenhill Gardens (Doncaster), with three upcoming sustainable developments at Baycroft (Bridlington), Saxon Fields (Amotherby), and Beacon Park (Holme-on-Spalding-Moor). Post-purchase services include dedicated aftercare and defect reporting. Space Homes is Yorkshire's largest shared ownership provider, having built and sold over 1,200 homes since 2002.

Differentiator

Problem solved

Functional benefit

Products and services

• Market Sale Homes Full market value new build homes sold outright to buyers purchasing without shared ownership or part exchange schemes. Properties range from two-bedroom starter homes to four-bedroom family houses across developments in North, South, East, and West Yorkshire. Revenue is generated as a one-time transaction at completion.
• Shared Ownership Homes Part buy, part rent scheme allowing buyers to purchase an initial share (typically 10-75%) of a new build home while paying subsidised monthly rent on the remaining share owned by Space Homes. Buyers can staircase to acquire additional shares over time with no deadline, eventually reaching full ownership. Available to qualifying buyers typically with household income under £80,000.
• Part Exchange Buying scheme allowing purchasers to use their existing property as consideration for part or all of the purchase price of a new Space Homes home, subject to eligibility criteria. Removes the need for a chain and provides a streamlined route to moving.
• Aftercare and Defect Reporting Service Post-purchase customer support service managing defects reported within warranty periods (1 year for shared ownership, 2 years for market sale). Includes 24/7 emergency cover for urgent issues and non-emergency defect resolution targeted within 28 days. Administered by Yorkshire Housing's customer services team on behalf of Space Homes owners.

Quantifiable outcome

• 94.6% of customers would recommend Space Homes to a friend
• +6 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Keepmoat Homes: Yorkshire-headquartered volume homebuilder with a strong regional presence across the North of England. Closely comparable to Space Homes in target market (first-time buyers, families), product type (new-build 2-4 bedroom homes), and Yorkshire-centric operating geography.
• Avant Homes: Regional UK volume housebuilder operating across the North and Midlands. Comparable to Space Homes in product type (new-build family homes), customer profile, and shared ownership / affordable housing offering, though with broader geographic reach.

Broad incumbents

• Places for People: Major UK housing association with a significant shared ownership and new-build development arm. Comparable to Space Homes in shared ownership product offering and direct-to-buyer sales motion, though at much larger national scale.
• Sanctuary Homes: Development arm of Sanctuary Housing Association, focused on new-build homes for sale including shared ownership. Comparable to Space Homes in housing association parent structure, shared ownership product, and direct sales motion.
• Bellway: One of the UK's largest national volume housebuilders with an active Yorkshire land bank. Comparable to Space Homes in core product (new-build homes for sale) and overlapping customer base, though Bellway operates at materially larger scale and across the UK.
• Barratt Developments: UK's largest volume housebuilder with national land bank and active Yorkshire operations. Comparable to Space Homes in core new-build-for-sale product and customer segments, though operating at dramatically larger scale and with materially deeper capital resources.
• Home Group: Large UK housing association with new-build homes for sale and shared ownership offerings. Comparable to Space Homes in housing association structure, shared ownership product, and mission-aligned direct sales to first-time buyers.
• Clarion Housing: UK's largest housing association with a sizeable shared ownership and new-build development programme. Comparable to Space Homes in affordable homeownership product, housing association operating model, and direct-to-buyer sales approach.
• L&Q: One of the UK's largest housing associations and a leading shared ownership provider. Comparable to Space Homes in shared ownership product, direct sales capability, and target first-time buyer segment, though with national geographic reach and substantially larger development pipeline.

Regional players

• Together Housing: Yorkshire-based housing association with new-build and shared ownership activity. Comparable to Space Homes given shared Yorkshire operating geography, housing association structure, and shared ownership delivery model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/spacehomes.yorkshire
• LinkedInlinkedin.com/company/space-homes
• Instagraminstagram.com/space_homes

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Space Homes