Middleton Avenue, Ross-On-Wye, Herefordshire, HR9

The Development

Built in partnership with EG Carter, our new development on Middleton Avenue is located on the outskirts of the popular market town of Ross on Wye. This picturesque town sits within the Wye Valley Area of Outstanding Natural Beauty and overlooks the River Wye. Ross on Wye boasts a popular high street full of independent retailers, cafes and restaurants. Within the area there is a leisure centre, local schools (including one primary school within walking distance), as well as your everyday stores and facilities.
This area has the best of both worlds. It benefits from country-living and is close to scenic tourist spots such as Symonds Yat and Goodrich Castle yet is still within easy access of the M50 motorway and is also commutable to towns and cities such as Hereford, Worcester and Ledbury.

The Property

Our 3 bedroom properties briefly comprise of an Entrance Hall providing access to a WC, Store Cupboard, and Kitchen/Diner. To the rear of the houses there is a living room with double doors leading to an enclosed garden. To the first floor, there are three bedrooms, additional storage and a family bathroom.
Other house types are available and layouts can vary; please refer to the brochure for further details.
Additional benefits for all plots include either allocated parking for two vehicles or a private driveway, as well as a 10 year NHBC warranty.

Prices
Examples:
3 Bedroom Semi Detached House

£108,000 for a 40% share (deposit from £4,700)
Monthly Rent on remaining share £371.25

£135,000 for a 50% share (deposit from £6,750)
Monthly Rent on remaining share £309.38

£202,500 for a 75% share (deposit from £10,125)
Monthly Rent on remaining share £154.69

These plots are under construction with build completion anticipated to take place in April-May 2024. We are therefore currently unable to offer viewings and will be accepting reservations off-plan.

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 25-75% 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 note some images are typical and should be used as a guide only