Bromyard Road, Worcester

A great opportunity to acquire a two bedroom semi-detached home via Stonewater Homes at the brand new Bromyard development in Worcester. With shares starting from 40% and a purchase price of £104,000 and a monthly rent of £357.50. Each home offers two car parking spaces and a rear garden.

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 3 / 21 / 40 / 45 / 50 / 51 / 63 / 64 / 65 / 91 / 95

Two bedroom semi-detached home (With the exception of Plot 91* being an end-terrace home.

This two bedroom semi-detached property is the perfect first starter home if you are looking to step foot onto the property ladder. Comprising of kitchen/dining area to the front of the property with storage and a downstairs W.C, including a spacious living room to the rear with french doors opening up onto the rear garden. Upstairs offers two double bedrooms including cupboard space with a family bathroom. This home further benefits from two car parking spaces, an air source heat pump system and a 125 year lease.

Price example:

Open market value: £260,000
40% share prices from: £104,000
Monthly rent based on a 40% share: £357.50
Monthly service charge: £27.16

To speak with our experienced Shared Ownership sales team call us today or send an email to [email protected]

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.