An excellent opportunity to purchase this traditional three-bedroom home on a part-buy, part-rent basis with 50% - 75% available initially.

• 50% shared ownership
• Affordable family home
• No-through cul-de-sac location
• Close to Kidderminster town centre
• Front to back lounge
• Sizeable garden
• Wooded backdrop

This semi-detached property is being sold on a part-buy, part-rent basis with a 50% to 75% share available to purchase initially.

This excellent 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 £173.66, which includes buildings insurance and administrative fees.


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
- Be registered on Home Choice Plus Housing Register.


How to apply
To apply for this property, you need to complete an application form and an income and expenditure statement. You will also need to provide documents to support your application, please use the checklist to ensure you have provided everything that is applicable.

All documents can be found here:
Application form – (communityhousing.co.uk/pdf/sales/Application.pdf)
Income and expenditure form - (communityhousing.co.uk/pdf/sales/IncomeAndExpenditure.pdf)
Application checklist – (communityhousing.co.uk/pdf/sales/ApplicationChecklist.pdf)

You also need to register on our housing register Home Choice Plus – (homechoiceplus.org.uk)

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.

Once you have completed the application, gathered your evidence, and registered on Home Choice Plus and Orbit, you can email the Application form, Income and expenditure form and supporting documents to the email on the bottom of the application form.

We will then assess your application, which normally takes around a week.

Please note: Applications are taken on a first come, first served basis and incomplete applications cannot be accepted.


Description
The property requires some modernisation, providing the new owner with an excellent opportunity to add their own stamp. Accessed via the front door, which leads to an entrance hall with built-in storage cupboards, stairs rising to the first floor and doors accessing the living room and kitchen.

There is a through lounge running from the front to the back of the property. This room has dual aspect windows.

The kitchen is a fair size and has wall and base units with work surfaces incorporating an inset sink and drainer. There is also space for a cooker, space for other appliances, a wall-mounted Worcester boiler, a window to the rear aspect and a door accessing the rear garden.


First floor
The first-floor accommodation is accessed via a landing, with a loft hatch to the roof space.

The main bedroom is a good-sized double room, with a window to the rear aspect and a built-in cupboard.

Bedroom two is another double room, with a window to the rear, whilst bedroom three is a good-sized single room, with a window to the front aspect.

The bathroom has a pedestal washbasin, a low-level WC and a panelled bath with a shower over. There is also a frosted window to the front aspect.


Outside
The property benefits from a substantial tiered rear garden, which enjoys a wooded backdrop affording a pleasant degree of privacy.

There is on-street parking available to the front of the property.


Services
The property has mains gas, mains electricity, mains water and mains drainage.

Council tax band - B.


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