New development coming soon to Brierly Hill

The Development

Platform Housing Group are pleased to present a new development in Brierly Hill, built by Lovell Homes.

Cookley Works will be offering a range of RENT TO BUY and SHARED OWNERSHIP properties, with the first plots ready in Autumn 2023.

The development is situated in Brierley Hill, an up and coming part of the Black Country. The development is close to the Merry Hill shopping center, which has a vast range of shops, separate retail park, food court and cinema. The Black Country Museum and Dudley Zoo are a short drive away, plus many other leisure activities in easy reach.

Brierley Hill also boasts great transport links to the M5 midland motorway network, and train stations nearby giving strong rail links north and south. The area is also served by the bus network, with a bus stop close to the site itself.

The Properties

We will have a range of 2 and 3 bedroom properties.

Availability

COMING SOON

NEXT STEPS

Please pre-register your interest for this development, we will contact you as soon as we have any further information.

This 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 25-75% 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.

Other shares can be purchased subject to an affordability assessment.

Examples of deposit rates are based on our minimum required deposit rate of 5%. However please seek financial advice to confirm what deposit rate is available to you.

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 1st. This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). The service charge displayed is estimated based on the initial assessment of the scheme, please contact the sales consultant for details.

Other shares can be purchased subject to an affordability assessment.

Examples of deposit rates are based on our minimum required deposit rate of 5%. However please seek financial advice to confirm what deposit rate is available to you.

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 1st. This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). The service charge displayed is estimated based on the initial assessment of the scheme, please contact the sales consultant for details.