Shared Ownership
This brand new home is available to buy from as little as £206,250 with a 75% share!
The Maples is an exciting new development offering a collection of high quality, energy efficient two and three bedroom homes available through the Shared Ownership scheme; an ideal opportunity for first-time buyers and growing families to step onto the property ladder in one of Worcestershire’s most desirable towns.
Located on the edge of the historic riverside town of Bewdley, The Maples offers the perfect blend of peaceful living and everyday convenience. Bewdley is well known for its charming atmosphere, with independent shops, cosy cafes, traditional pubs, and a bustling market scene. Families will also appreciate the nearby schools and attractions, including the popular West Midland Safari Park and scenic Wyre Forest.
For commuters, The Maples is well connected. Regular bus services link the town to Kidderminster and beyond, while Kidderminster train station, just a short drive away offers direct rail routes to Birmingham and Worcester. Major road links including the A456 and A442 provide convenient access to the wider West Midlands region.
This brand new semi detached home features a large open plan lounge/kitchen/diner, a ground floor cloakroom, two double bedrooms, bathroom, parking and a garden.
PRICING & AFFORDABILITY
Full Market Value: £275,000
50% Share Price: £137,500 (rent £315.10pcm)
60% Share Price: £165,000 (rent £252.08pcm)
75% Share Price: £206,250 (rent £157.55pcm)
Minimum 5% Mortgage Deposit (50% share): £6,875
Approximate Service Charges: £79.10 pcm*
Shared Ownership Lease: 990 years
Council Tax Band: TBC
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
At The Maples advertised shares start at 50%. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
