Bromyard Road, Worcester, WR25TT

The Development

** LAST PROPERTY UNEXPECTEDLY AVAILABLE AT THIS POPULAR DEVELOPMENT BUILT BY REDROW**

Located in a peaceful, residential area in the historic cathedral city of Worcester, surrounded by open green spaces and with a distinct and charming character of its own, Kensington Gate will appeal to those trying to get on the property ladder.

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, dual carriageway takes you straight to J7 of M5 within 10 minutes.



The Property
The accommodation comprises of entrance hall, lounge/diner , downstairs w/c, kitchen, two double bedrooms, and family bathroom . The property has driveway for two cars and enclosed turfed rear garden, and also benefits from central heating and double glazing.



Plot 512 2 Bed Semi Detached
£111,000 for a 40% share
Monthly rent on remaining share £381.56

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
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 forward your details to our Sales Consultant who will take you through the reservation process and advise you how to pay your £300 reservation fee.


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.



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***