Bromyard Road

Shared Ownership two & three bedroom homes now available at Bromyard Road, Worcester

BromyardRoad@connells.co.uk

Stonewater, working in partnership with Worcester City Council, present 48 homes for shared ownership and eight for rent-to-buy at their Bromyard Road development on the outskirts of Worcester. In total there will be 120 affordable homes at the development which are being built by Vistry Partnerships West Midlands.

Each home will benefit from the installation of an air-source heat pump, making it potentially more cost effective to run while also helping to lower carbon emissions. Each house has its own private rear garden and allocated parking; residents will also have access to communal outside space that will feature a fruit and vegetable garden and a play park.

As the primary landowner, Stonewater will maintain and manage the surrounding public spaces, including protecting and enhancing the green spaces and biodiversity across the area by creating a ‘green corridor’ which links to nearby cycle paths. A public artwork is also being created for the scheme which reflects the local area and its history and which will become a focal point for the new community.

Worcester City centre is approximately two-and-a-half miles or a 10-minute drive from the development.
This beautiful, ancient cathedral city, on the banks of the River Severn, is rich in heritage and culture while offering a wealth of modern day amenities. A great choice of shops is on offer including those in the Crowngate Shopping Centre which is home to 60 high street favourites and independent retailers. There is also a regular outdoor market held in Angel Place in the heart of Worcester’s shopping district.

Several major roads are easily accessible from Bromyard Road including the M5 which links to
Birmingham, Gloucester and Exeter. Two railway stations are located around three miles from the
development: Foregate Street and Shrub Hill stations. Foregate Street station offers services to
Birmingham New Street, Hereford and London Paddington. Shrub Hill offers services to Gloucester,
Bristol, Weymouth, Oxford and London Paddington. Whichever station you’re travelling from, train times into London take between two to three hours, with trains into Birmingham New Street taking just under an hour. For international travel, Birmingham International Airport is approximately 41 miles from the development.

Shared Ownership is a scheme which enables you to buy a share of a property subject to affordability whilst paying a subsidised rent on the remainder. The more of the property you own, the less rent you pay.

Once you have bought your initial share, you may be able to purchase the remainder of the property as and when your circumstances change. This is an optional process known as Staircasing.

All shared ownership properties are leasehold and therefore usually attract a service charge. In the case of houses, the freehold would usually be transferred to you on 100% Staircasing (subject to lease restrictions) The service charge will include buildings insurance as well as a charge for the cleaning and/or maintenance of any communal areas such as car parks, greenspaces and so on. Maintenance of lifts (where installed) as well as communal grounds in the case of flats may also be included. In some cases, an external organisation may be set up to maintain aspects of communal areas therefore customers may be required to make contributions to a Management Company. Lastly, there may be a requirement to contribute towards something called a reserve fund which is designed as a contingency to cover the costs of any large prospective works. For details about any particular development, please contact us.