Severn Road, Stourport-on-Severn, Worcestershire

Eligibility Criteria

There are certain criteria you have to meet in order to qualify for a shared ownership property which are as follows: • You have a household income of less than £80,000 per year. • You are a first time buyer i.e. you don’t already own a home OR you are currently a homeowner, however the property is not suited to your current needs and you cannot afford to purchase a suitable property. • You are at least 18 years of age. • You have a deposit and are able to secure a mortgage. Typically, you will require a deposit of at least 5% of the purchase price. • You will need to be financially qualified to confirm you can obtain a mortgage and BDHT can offer you that service. • You will then need to register with Home Choice Plus at - Once your Home Choice Plus application has been approved you will be advised of a reference number which you will need to state as part of your application. Financial Information 100% sales price £272,500 50% share (truncated)

Description

This excellent home forms part of the brand new Folliotts Manor development by Barratt Homes. It is in the market to be sold straight-away and priced to attract immediate interest from able buyers on a part-buy, part-rent basis with a 50% - 75% share available to purchase initially. This opportunity comes by way of an affordable housing scheme provided by Bromsgrove District Housing Trust (BDHT) and is ideal for first time purchasers, or those with a limited budget, who want to get on the property ladder. The flexible scheme allows the new owner to increase owned shares in the future, up to the full 100% ownership, with the rental amount payable diminishing pro rata. Taking the example of a 50% shared ownership basis, the rental figure per calendar month would be £352.65, to include service charge fees, which also includes buildings insurance. LOCATION Here is the epitome of perfect town living sitting right beside the town centre, and therefore just seconds from a (truncated)

Reception Hall

3.17 x 1.02 - with central heating radiator and doors to:

Cloakroom/WC

with low level flush wc, central heating radiator and corner hand wash basin.

Fitted Kitchen

3.21 x 2.55 - with UPVC double glazed window to front elevation, range of both wall and base mounted kitchen units with complementary roll top surface over, having inset stainless steel sink unit and inset gas hob, built-in electric oven.

Rear Living Room

4.77 x 4.66 - with two central heating radiators and UPVC double glazed French doors opening to the garden.

From the Reception Hall a staircase rises to:

First Floor Landing

with doors to:

Bedroom One

4.66 x 2.63 - [max] with central heating radiator, UPVC double glazed window to front elevation and built-in cupboard.

Bedroom Two

3.61 x 2.78 - with central heating radiator and UPVC double glazed window to rear elevation.

Bedroom Three

3.28 x 1.78 - with central heating radiator and UPVC double glazed window to rear elevation.

Bathroom

with ladder style towel radiator, low level flush wc, pedestal hand wash basin and bath with mixer shower over.

Outside

Two Car Parking and EV Charging Point

South East Facing Rear Gardens

with garden shed.