Bromyard Road, Worcester, WR2
£120,000
Guide price
Guide price
Bedrooms: 3
SUMMARY
A fantastic opportunity to purchase a three bedroom semi-detached home via Shared Ownership with Stonewater Homes at the brand new Bromyard road development. Prices starting from £120,000 based on a 40% share with a monthly rent of £412.50 and a service charge per month of £27.16.
DESCRIPTION
Stonewater, working in partnership with Worcester City Council, present 48 homes for shared ownership and eight for rent-to-buy at their Bromyard Road development on the outskirts of Worcester. In total there will be 120 affordable homes at the development which are being built by Vistry Partnerships West Midlands.
PLOT 1 / 2 / 23 / 24 / 25 / 26 / 62 / 77 / 96 / 97
This is a delightful three bedroom semi-detached home with living room to the front of the property with hallway, downstairs W.C & storage cupboard, and kitchen/ dining room at the rear of the property with doors leading out onto the rear garden. Upstairs comprises of three good sized bedrooms, with a cupboard area to the landing and also third bedroom, and a family bathroom.
Price example:
Open market value £300,000
40% share prices from: £120,000
Monthly rent based on a 40% share: £412.50
Monthly service charge: £27.16
To speak with our experienced Shared Ownership sales team call us today or enquire at Bromyardroad@connells.co.uk
General
Each home will benefit from the installation of an air-source heat pump, making it potentially more cost effective to run while also helping to lower carbon emissions. Each house has its own private rear garden and allocated parking; residents will also have access to communal outside space that will feature a fruit and vegetable garden and a play park.
As the primary landowner, Stonewater will maintain and manage the surrounding public spaces, including protecting and enhancing the green spaces and biodiversity across the area by creating a 'green corridor' which links to nearby cycle paths. A public artwork is also being created for the scheme which reflects the local area and its history and which will become a focal point for the new community.
Location
Worcester City centre is approximately two-and-a-half miles or a 10-minute drive from the development.
This beautiful, ancient cathedral city, on the banks of the River Severn, is rich in heritage and culture while offering a wealth of modern day amenities. A great choice of shops is on offer including those in the Crowngate Shopping Centre which is home to 60 high street favourites and independent retailers. There is also a regular outdoor market held in Angel Place in the heart of Worcester's shopping district.
Several major roads are easily accessible from Bromyard Road including the M5 which links to
Birmingham, Gloucester and Exeter. Two railway stations are located around three miles from the
development: Foregate Street and Shrub Hill stations. Foregate Street station offers services to
Birmingham New Street, Hereford and London Paddington. Shrub Hill offers services to Gloucester,
Bristol, Weymouth, Oxford and London Paddington. Whichever station you're travelling from, train times into London take between two to three hours, with trains into Birmingham New Street taking just under an hour. For international travel, Birmingham International Airport is approximately 41 miles from the development.
Schooling
Bromyard Road is ideal for families with a good range of schools in the area catering for ages including nearby Pitmaston Primary School rated 'Outstanding' by Ofsted. For high school education, Nunnery Wood High School and Riverside Senior School are both around a 15-minute drive away. Other schools in the vicinity include Heart of Worcestershire College and Worcester Sixth Form College.
Shared Ownership
Shared Ownership is a scheme which enables you to buy a share of a property subject to affordability whilst paying a subsidised rent on the remainder. The more of the property you own, the less rent you pay.
Once you have bought your initial share, you may be able to purchase the remainder of the property as and when your circumstances change. This is an optional process known as Staircasing.
All shared ownership properties are leasehold and therefore usually attract a service charge. In the case of houses, the freehold would usually be transferred to you on 100% Staircasing (subject to lease restrictions) The service charge will include buildings insurance as well as a charge for the cleaning and/or maintenance of any communal areas such as car parks, greenspaces and so on. Maintenance of lifts (where installed) as well as communal grounds in the case of flats may also be included. In some cases, an external organisation may be set up to maintain aspects of communal areas therefore customers may be required to make contributions to a Management Company. Lastly, there may be a requirement to contribute towards something called a reserve fund which is designed as a contingency to cover the costs of any large prospective works. For details about any particular development, please contact us.
Eligibility
For those looking to buy a Shared Ownership home, there are some eligibility requirements that must be met. The general eligibility criteria for Shared Ownership is as follows:
You must be at least 18 years old.
Your annual household income must be less than £80,000.
You cannot own another home. Shared Ownership purchasers are often first time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it.
You should not be able to afford to buy a home suitable for your housing needs on the open market.
You must show you are not in mortgage or rent arrears.
You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home during your
Additionally, you will generally need between 5-10% of the equity share that you're purchasing as a deposit, and should have access to at least £4,000 to cover the other costs of buying a property. This is a guideline figure and the actual amount may vary. For more information, check out the costs associated with buying a Shared Ownership home.
This is a Leasehold property. We are awaiting further details about the Term of the lease. For further information please contact the branch. Please note additional fees could be incurred for items such as Leasehold packs.
1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Potential buyers are advised to recheck the measurements before committing to any expense.
5. Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6. Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
A fantastic opportunity to purchase a three bedroom semi-detached home via Shared Ownership with Stonewater Homes at the brand new Bromyard road development. Prices starting from £120,000 based on a 40% share with a monthly rent of £412.50 and a service charge per month of £27.16.
DESCRIPTION
Stonewater, working in partnership with Worcester City Council, present 48 homes for shared ownership and eight for rent-to-buy at their Bromyard Road development on the outskirts of Worcester. In total there will be 120 affordable homes at the development which are being built by Vistry Partnerships West Midlands.
PLOT 1 / 2 / 23 / 24 / 25 / 26 / 62 / 77 / 96 / 97
This is a delightful three bedroom semi-detached home with living room to the front of the property with hallway, downstairs W.C & storage cupboard, and kitchen/ dining room at the rear of the property with doors leading out onto the rear garden. Upstairs comprises of three good sized bedrooms, with a cupboard area to the landing and also third bedroom, and a family bathroom.
Price example:
Open market value £300,000
40% share prices from: £120,000
Monthly rent based on a 40% share: £412.50
Monthly service charge: £27.16
To speak with our experienced Shared Ownership sales team call us today or enquire at Bromyardroad@connells.co.uk
General
Each home will benefit from the installation of an air-source heat pump, making it potentially more cost effective to run while also helping to lower carbon emissions. Each house has its own private rear garden and allocated parking; residents will also have access to communal outside space that will feature a fruit and vegetable garden and a play park.
As the primary landowner, Stonewater will maintain and manage the surrounding public spaces, including protecting and enhancing the green spaces and biodiversity across the area by creating a 'green corridor' which links to nearby cycle paths. A public artwork is also being created for the scheme which reflects the local area and its history and which will become a focal point for the new community.
Location
Worcester City centre is approximately two-and-a-half miles or a 10-minute drive from the development.
This beautiful, ancient cathedral city, on the banks of the River Severn, is rich in heritage and culture while offering a wealth of modern day amenities. A great choice of shops is on offer including those in the Crowngate Shopping Centre which is home to 60 high street favourites and independent retailers. There is also a regular outdoor market held in Angel Place in the heart of Worcester's shopping district.
Several major roads are easily accessible from Bromyard Road including the M5 which links to
Birmingham, Gloucester and Exeter. Two railway stations are located around three miles from the
development: Foregate Street and Shrub Hill stations. Foregate Street station offers services to
Birmingham New Street, Hereford and London Paddington. Shrub Hill offers services to Gloucester,
Bristol, Weymouth, Oxford and London Paddington. Whichever station you're travelling from, train times into London take between two to three hours, with trains into Birmingham New Street taking just under an hour. For international travel, Birmingham International Airport is approximately 41 miles from the development.
Schooling
Bromyard Road is ideal for families with a good range of schools in the area catering for ages including nearby Pitmaston Primary School rated 'Outstanding' by Ofsted. For high school education, Nunnery Wood High School and Riverside Senior School are both around a 15-minute drive away. Other schools in the vicinity include Heart of Worcestershire College and Worcester Sixth Form College.
Shared Ownership
Shared Ownership is a scheme which enables you to buy a share of a property subject to affordability whilst paying a subsidised rent on the remainder. The more of the property you own, the less rent you pay.
Once you have bought your initial share, you may be able to purchase the remainder of the property as and when your circumstances change. This is an optional process known as Staircasing.
All shared ownership properties are leasehold and therefore usually attract a service charge. In the case of houses, the freehold would usually be transferred to you on 100% Staircasing (subject to lease restrictions) The service charge will include buildings insurance as well as a charge for the cleaning and/or maintenance of any communal areas such as car parks, greenspaces and so on. Maintenance of lifts (where installed) as well as communal grounds in the case of flats may also be included. In some cases, an external organisation may be set up to maintain aspects of communal areas therefore customers may be required to make contributions to a Management Company. Lastly, there may be a requirement to contribute towards something called a reserve fund which is designed as a contingency to cover the costs of any large prospective works. For details about any particular development, please contact us.
Eligibility
For those looking to buy a Shared Ownership home, there are some eligibility requirements that must be met. The general eligibility criteria for Shared Ownership is as follows:
You must be at least 18 years old.
Your annual household income must be less than £80,000.
You cannot own another home. Shared Ownership purchasers are often first time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it.
You should not be able to afford to buy a home suitable for your housing needs on the open market.
You must show you are not in mortgage or rent arrears.
You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home during your
Additionally, you will generally need between 5-10% of the equity share that you're purchasing as a deposit, and should have access to at least £4,000 to cover the other costs of buying a property. This is a guideline figure and the actual amount may vary. For more information, check out the costs associated with buying a Shared Ownership home.
This is a Leasehold property. We are awaiting further details about the Term of the lease. For further information please contact the branch. Please note additional fees could be incurred for items such as Leasehold packs.
1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Potential buyers are advised to recheck the measurements before committing to any expense.
5. Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6. Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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