***NEXT PHASE NOW RELEASED***

The Development

Platform housing group are pleased to announce our next phase of properties on the popular Copcut Rise development, built by William Davis Homes are now FOR SALE!

This development is situated on the edge of Salwarpe village, close to Droitwich Spa. This development is perfect for commuters, being just 2 miles from Droitwich Spa train station which has a direct line to Birmingham. It is also 5 miles away from the M5. Droitwich Spa offers sports and leisure facilities, large as well as small local shops, and other amenities. 

The Properties

We will have 2-bedroom semi-detached properties available to purchase. The accommodation comprises of entrance hall, kitchen, lounge, downstairs w/c, two bedrooms and bathroom. The properties also benefit from gas central heating and double glazing, as well as a driveway and enclosed rear garden. 

Prices

All properties now SSTC 

2-bedroom semi-detached homes

£102,000 for a 40% Share 

Monthly rent on remaining share £350.63

£127,500 for a 50% share

Monthly rent on remaining share £292.19

£191,250 for a 75% share

Monthly rent on remaining share £146.09

Other shares can be purchased subject to an affordability assessment. 

These properties are due for build completion in MARCH 2023, we’re therefore currently unable to offer viewings and will be accepting reservations off-plan.

***Local connection - priority will be given to those with a connection to Salwarpe, Westwood, Ombersley, Martin Hussingtree, Oddinglet, Hadzor, or Wychavon District.***

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.

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. 

Ground Rent – Not applicable

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.

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.

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***