The Development

Platform Home Ownership are pleased to announce our next phase of properties on the popular Holmer House Farm development, built by Bloor Homes, now FOR SALE!

This development is ideally situated within walking distance of the town and its grocery shops, cafes and pubs, whilst also benefiting from public transport links into Hereford, Malvern & Worcester.

The Property

These properties briefly comprise of an Entrance Hall, WC, Living Room with under-stairs storage and a Kitchen/Dining Room. To the first floor, there are three double bedrooms, one of which includes built-in storage and a family bathroom.

Additional benefits include allocated parking for two vehicles and an enclosed rear garden.

The properties will benefit from a 10 year NHBC warranty.

These properties are expected to be built complete in June 2023.

Available plots - Plot 397, 398, 407, 408

Prices (examples based on value £280,000)

£112,000 for 40%

Monthly rent on remaining share - £522.50

£140,000 for 50%

Monthly rent on remaining share - £320.83

£210,000 for 75%

Monthly rent on remaining share - £160.42

Other shares can be purchased subject to an affordability assessment. 

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

** Local connection - priority will be giving to those that have a connection to Holmer (and the surrounding areas) and Hereford **

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

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 contact Platform Home Ownership via sales@platformhg.com. The relevant sales consultant will then send you an application form to complete.

3. Upon receipt of your application and once approved, 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 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 visit the Homes England website for further guidance using the Homes England Eligibility Checker.

*Please note some images are typical and should be used as a guide only