** All properties at this development have now sold, and are being enjoyed by their new owners.  You can still register your interest for any future releases in this area, by clicking 'enquire now', or alternatively - visit our FIND A HOME page to browse other developments. **

The Development

Ideally located on the outskirts of Worcestershire countryside, The Cheltenham Road development is a quiet semi-rural development, yet still within a short distance of the quaint riverside town of Evesham. Situated on the banks of the picturesque River Severn, this vibrant and historic town offers a diverse selection of shops, bars and restaurants as well as numerous supermarkets, leisure centres, primary schools and secondary schools nearby.

This development is well suited for commuters; with a local train station and numerous bus routes, Evesham offers great transport links to Worcester,  Hereford, Malvern and Birmingham. The development is also within a short drive of Junction 6 and 7 of the M5 motorway.

The Properties

This 3 bedroom detached house briefly comprises of an Entrance Hall leading to a downstairs W/C and Kitchen/Diner to one side & a Living Room to the other.  Upstairs, the properties feature additional storage, a family bathroom and 3 bedrooms, one of which has an en-suite bathroom.

This property benefits from gas central heating and double glazing, as well as a driveway for 2 cars and an enclosed rear garden.

Plots 378/379 (3 Bed Semi Detached House) 'The Kilburn'

Price for a 40% share - £126,000

Rent on unsold share - £ 426.25

Price for a 25% share - £77,500

Rent on unsold share - £532.81

These properties are due for build completion in November 2023.

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 1^st.  This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). Please note, there will be an additional management company fee of which the charge will be advised upon request.

The service charge displayed is estimated based on the initial assessment of the scheme, please contact the Sales Consultant for details.

Ground Rent – Not applicable

Homes England Key Information Document – please download and 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 make an enquiry to contact Platform Home Ownership, the relevant sales consultant will then send you an application form to complete.
3. Upon receipt of your application, 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 10-75% 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