Broomhall

Worcester

  • 2

  • 1

  • 1

  • New build
  • Part rent part buy
  • 99 year lease
  • Driveway parking
  • Excellent access to M5
  • Garden
  • Guest cloakroom

Fixed price

854 sq. ft.

Tenant Info
Email the team

01905 734 734

Please quote reference number DEV230008

A fantastic opportunity to purchase a brand new affordable home being sold on a part buy, part rent basis.
  • New build
  • Part rent part buy
  • 99 year lease
  • Driveway parking
  • Excellent access to M5
  • Garden
  • Guest cloakroom

The property is being sold on a part-buy, part-rent basis with a 50% to 75% share available to purchase initially. There is currently one plot 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 local connection criteria to Worcester City as well.

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 £355.43 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


Worcester City connection criteria:
Priority will be given to Applicants who have a local connection to Worcester City only with the postcode area of WR1, WR2, WR3, WR4 and WR5.

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

Malvern connection criteria:
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


Description

Approaching from the road, this tidy, two-bedroom, semi-detached, modern build has two allocated parking spaces. Access to the rear is along the left-hand side of the dwelling via a gated walkway which continues around the perimeter of the property. This pathway extends to the back of the premise, forming a patio which leads out onto the rest of the garden, this mixture of areas allows for more potential uses of the outdoor space.

Immediately as you enter from the front door you are welcomed by the bright hallway which gives access to the living room, kitchen, cloakroom and stairs. To the right of the front door is the main living area, which looks onto the front of the property. Returning to the hallway, moving deeper into the property, to the left a cupboard situated underneath the stairs and the cloakroom with handwash basin in the rear left corner of the dwelling.

At the end of the hallway to the right is the kitchen, which looks out onto the garden. The kitchen’s clever layout and high-quality finish creates a bright and friendly space, which follows through into the garden patio via the backdoor.

Moving upstairs, the landing with airing cupboard grants access to both bedrooms and the main bathroom. The bathroom contains a bath with built-in power shower, handwash basin and WC, all done to a high-quality finish. Each bedroom is spacious enough to comfortably fit in a double bed. Whilst bedroom two overlooks the garden, bedroom one is bigger and has an additional storage cupboard.

Services
Mains gas, electric and water are connected at the property. The property has also been fitted with solar panels.

Council tax ban - TBC


We have been informed by The Community Housing Group that the following charges apply:

Basic Rent - £309.38
Admin Fee - £15.00
Building Insurance - £6.00
Service Charge - £25.05

Total charges - £355.43


Agent note
Images are representative of all Pear Tree Fields properties.

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.

In the instance the Seller withdraws from the sale the fee will be returned to the Buyer. 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 or material issues arising from any survey that has not previously been disclosed
2. A 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 levels are as follows:
an agreed offer under £500,000 will be £750 inclusive of vat
an agreed offer between £500,000 and £1,000,000 will be £2,000 inclusive of vat
all agreed offers over £1,000,000 will be £3,000 inclusive of vat

The reservation fee is payable upon acceptance of an offer which itself is subject to an assessment of ability to proceed. Any renegotiation of an accepted price after the issue of the Sales Memorandum for any reason not covered in points 1 to 3 above will lead to the reservation fee being retained. A further fee will be payable on any subsequent reduced offer accepted by the vendor. This will be returnable subject to the conditions that prevail for all reservation fees.