House For Sale £145,000
Leasowe Place, Worcester WR2

Worcester is a popular choice for anyone looking for a balanced lifestyle. Whether you fancy a stroll alongside the River Severn or delving into the city's historic past before heading to one of the many fantastic restaurants, there is something for everyone. Kensington is also well positioned for commuters with excellent transport links by road or rail. Worcester train stations Hill both offer rail services into Birmingham, Cardiff and London. For driving commuters, Bromyard Road is one of several roads leading straight into the heart of Worcester. Both the Midlands and South-West motorway networks can be easily accessed too.

We will have 3 bedroom properties available to purchase for Shared Ownership.

Three Bedroom:
The accommodation briefly comprises of entrance hall leading to living room, downstairs W/C & kitchen/diner. To the first floor: three bedrooms and family bathroom. The properties will benefit from gas central heating and double glazing, as well as allocated parking and enclosed rear garden.

Ground Floor

Kitchen / diner - 15'2" x 10'11"

Living room - 14'7" x 11'9"

First Floor

Bedroom 1 - 14'6" x 8'0"

Bedroom 2 - 15'1" x 8'0"

Bedroom 3 - 10'12" x 6'12"

Bathroom - 6'9" x 5'8"

Plots 511 (Three Bed End Terraced House)
50% share for £145,000 - Available from end of June 2024
Monthly remaining rent on share: £332.29

Prices start from £116,000  for a 40% share 
Monthly rent on remaining share: £398.75

 Other shares can be purchased subject to an affordability assessment.

Local connection is prioritised on this site, please advise us of local connection to Worcester when you apply. 

*Demand is expected to be high Applications are treated as first come, first served.*

These properties are due for build completion from end of June 2024, we're therefore currently unable to offer viewings and will be accepting reservations off-plan.

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  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. 

Next Steps:
For further information, please download our brochure below.
Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
Once you have passed the affordability assessment, we will pass your details to our Sales Consultant who will be able to take you through the reservation process.

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

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.