A fantastic opportunity to purchase a brand-new three-bedroom home on the south side of Worcester bordering Kempsey village. Being sold on a part buy, part rent basis.

• Shared ownership
• Affordable family home
• Popular development
• Band-new property
• Cloakroom
• Off-street parking
• Garden

The properties are being sold on a part-buy, part-rent basis with a 50% to 75% share available to purchase initially. There are currently three plots available on this new site by St Modwen Homes, beautifully situated on the Malvern side of Worcester, close to Kempsey village. To be eligible, the successful candidate will need to meet the standard requirements of a shared ownership property along with a local connection criteria as well. Two of the plots require a Worcester City connection and the third a Malvern related criteria.

This excellent and affordable housing scheme is provided by the Community Housing Group, ideal for first-time purchasers or those with a limited budget who want to get on the property ladder. The flexible scheme allows the owner to increase owned shares after one-year up to the full 100% ownership, with the rental amount payable diminishing pro rata. On a 50% shared basis, the rental per calendar month is £418.74 which includes buildings insurance and administrative fees. Below is the information pertaining to eligibility and how to apply and the required criteria for local connection.


Eligibility
To be eligible for shared ownership, you:
- Need to be over the age of 18
- Be unable to buy on the open market
- Not already own a property (unless in exceptional circumstances)
- Be able to raise a mortgage to cover the share you wish to purchase
- Be able to afford to pay the remaining rent and bills etc.
- Have enough saved to cover the mortgage and legal fees and any additional moving costs
- Have no more than £15,000 unsecured debt


Malvern connection criteria:
For plot 64 priority will be given to prospective purchasers who have a local connection to Kempsey. If the property is not allocated to an applicant who meets this criteria, then applications will be considered from those with a local connection to Severn Stoke & Powick.

Applicants must meet the following criteria:
- Is registered on Housing For you – you can register here: (housingforyou.co.uk)
- Lives in the Parish of Kempsey, Severn Stoke or Powick (for at least 6-months out of the last 12-months or 3-years out of the last 5-years)
- Has Close family (mother, father, brother, sister, son or daughter) who have lived in Kempsey, Severn Stoke or Powick for at least 5-years
- Has permanent employment in the parish of Kempsey, Severn Stoke or Powick


Worcester City connection criteria:
For plots 63 and 65 priority will be given to prospective purchasers who have a local connection to Worcester City only within the postcode area of WR1, WR2, WR3, WR4 and WR5.
Please note if a postcode of WR2, WR5 and WR4 falls under Malvern Hill or Wychavon boundary, the applicant would not be eligible to apply – please check the boundary at My Local Area - Worcester City Council

Applicants must meet the following criteria:
- Registered on Housing For you – You can register here: (housingforyou.co.uk)
- Lives in Worcester City (for at least 6-months out of the last 12-months or 3-years out of the last 5-years)
- Has Close family (mother, father, brother, sister, son or daughter) who have lived in Worcester City for at least 5-years
- Has Permanent employment in Worcester City.


The plots available are all three-bedroom semi-detached modern homes, with off-street parking for two vehicles. There is a gated side entrance at the rear leading to a patio area, which wraps around the backdoor.

Immediately as you enter the property from the front door, you are welcomed by a bright hallway, where there is a cupboard located next to the entrance, perfect for storing shoes and coats.

In the hallway there is a staircase rising to the first floor, an under-stairs storage cupboard and doors to the living room, kitchen and cloakroom comprising a wash basin.


Living area
Situated to the right of the front door is the main living area, which has a lovely outlook to the front.


Kitchen
At the end of the hallway situated to the right is the kitchen, which overlooks the rear garden. The kitchen’s clever layout and high-quality finish create a light and friendly space, which flows seamlessly onto the garden and patio via the backdoor.


First floor
Moving upstairs, the landing features two cupboards and grants access to the bedrooms and the main bathroom.

The bathroom contains a bath with a built-in power shower, a washbasin and a WC, all completed to a high standard.

Bedrooms one and two are spacious enough to comfortably fit in a double bed. The second bedroom overlooks the garden and bedrooms one and three are positioned towards the front of the property.


Services
Mains gas, electricity and water are connected to the property.
Council tax band - to be confirmed.


Reservation fee not applicable.


Reservation Fee - refundable on exchange

A reservation fee, refundable on exchange, will be payable by the Buyer to Andrew Grant Sales Limited prior to issuing the Memorandum of Sale and marking the property as Sold Subject to Contract. This fee will be reimbursed upon Exchange of contracts. The fee will be retained by Andrew Grant Sales Ltd to cover costs in the event the Buyer withdraws from the purchase or doesn't Exchange within 6 months of the fee being received other than as a result of:

1. Any structural issues arising from any survey that has not previously been disclosed
2. Serious defect in the seller’s legal title
3. The local searches reveal any matter that has a material adverse effect on the market value of the property that were previously undeclared or unknown

The reservation fee will depend on the level of your agreed offer for the property:

an agreed offer under £500,000 will be £500 inclusive of vat
an agreed offer between £500,000 and £1,000,000 will be £1,000 inclusive of vat
all agreed offers over £1,000,000 will be £1,500 inclusive of vat