Ashford Road, Worcester, Worcestershire, WR2

*All of our 2 bedroom plots at this development have now been reserved and are sold subject to contract. You can still register your interest for any future releases in this area by clicking "enquire now"

Ideally located on the outskirts of Worcester, The Grove is a quiet semi-rural development yet still within a short distance of the city centre. Situated on the banks of the picturesque River Severn, the vibrant and historic city of Worcester offers a diverse selection of shops, bars and restaurants as well as numerous supermarkets, leisure centres, primary schools and secondary schools.

This development is well suited for commuters; with two train stations and numerous bus routes, Worcester offers great transport links to Hereford, Malvern and Birmingham. The development is also within a short drive of Junction 7 of the M5 motorway.

The Property

The Elyot - Plots 229 & 230

These 2 bedroom houses house briefly comprise of a Living Room at the front of the property with Under Stairs Storage. At the rear of the property is a Kitchen/Diner with double doors leading to the garden. The houses feature a downstairs WC.

Upstairs, the properties feature a family bathroom and 2 bedrooms with additional storage. These properties benefit from gas central heating and double glazing, as well as allocated parking and an enclosed rear garden.

We are selling various house types with a selection of layouts available, please refer to the brochure for further details.

Prices

Examples:

2 Bedroom Semi Detached House (The Elyot)

£98,000 for a 40% share (deposit from £4,900)
Monthly Rent on remaining share £336.88

£122,500 for a 50% share (deposit from £6,125)
Monthly Rent on remaining share £280.73

£183,750 for a 75% share (deposit from £9,188)
Monthly Rent on remaining share £140.36

These plots are under construction and are therefore currently being sold off plan with viewings available once the houses are build complete.

Other house types and share percentages are available, please let us know if you require further information on pricing.

Other shares can be purchased subject to an affordability assessment.
Examples of deposit rates are based on our minimum required deposit rate of 5%. However please seek financial advice to confirm what deposit rate is available to you.

Council Tax TBC - due to these properties being new builds and not being previously occupied the council tax and banding has not yet been set.

Service Charge - A service charge will be charged against the property and is paid monthly with your rent payment. The service charge is reviewed on an annual basis on April 1st. This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). An annual management company charge is also payable towards the upkeep of the development. The service charge displayed is estimated based on the initial assessment of the scheme, please contact the Sales Consultant for details on these charges.

Ground Rent - Not applicable

Homes England Key Information Document - please refer to our website to read through our key information document for this property. This will include pricing details, eligibility and some lease information.

NEXT STEPS:
1. For further information, please download our brochure below.
2. TO APPLY NOW, please enquire with Platform Home Ownership and the relevant sales consultant will then send you an application form to complete.
3. Upon receipt of your application, once approved, we will refer you for an affordability assessment to determine the most affordable share for you.
4. Once you have passed the affordability assessment, we will then be in contact to confirm the availability.
5. If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home.

Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property - this is known as 'staircasing'. This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.
We will offer shares between 10-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.
For more detailed information and your obligations in relation to shared ownership please download our 'Guide to Shared Ownership'

Am I eligible?
Shared Ownership uses the following criteria to help people to get onto the property ladder:
- Maximum annual household income of £80,000.
- Unable to purchase a home suitable for your needs.

Please visit the Homes England website for further guidance using the Homes England Eligibility Checker.

*Please note some images are typical and should be used as a guide only