About The Property
Somerford Park, Brewood
Nestled in amongst the South Staffordshire countryside, the beautiful development at Brewood offers semi-rural living at its finest.
Constructed by Lovell and located in the historic market village of Brewood, Somerford Park is perfect for families wanting to embrace village life and find that sense of community. To those with a local connection, we are excited to offer a rare opportunity to purchase part of a 3 bedroom new build property off-plan on this development through the **Shared Ownership scheme.
Part owning your home can be cheaper than renting and is an excellent way to step onto the property ladder.
Service Charge PCM*
* Service charges figures are provided as a guide and are payable per calendar month.
**Shared Ownership enables you to part buy what is affordable to you and pay rent on the remainder. The rent is 2.75% and is subsidised. The examples show a 40% share but you are not limited to that at purchase, you can buy anywhere between 25% and 75% at the outset and more later. The initial price you purchase is based on affordability.
- Private garden
- Open plan kitchen/diner with garden access
- Family bathroom with separate downstairs WC
**Shared Ownership enables you to part buy a share that is affordable to you and pay rent on the remainder. The rent is only 2.75% of the value of the share you don't buy. The example suggests a 40% share, but you are not limited to that at purchase, you can buy more now or later. Under Government guidelines, you must purchase the maximum share you can afford (up to 75% in the first instance). Staircasing on these properties is restricted to 80%.
How do I apply for this home?
You will need to be registered with the Government's Help to Buy scheme, details are set out below or can be found HERE. You will be provided with a 6-digit reference which will be needed for your shared ownership application.
T: 03333 214 044
To apply for a shared ownership home, you will need to undergo a financial assessment. This is to gauge if you are likely to qualify for one of these homes and to help you understand what share you could buy. To undergo the financial assessment, click on the link HERE which will take you to The Mortgage People's website where you can "Get an assessment" online. They will then provide us with the results of the assessment. As long everything has gone well, we can then take you through the remaining few steps to secure the property (subject to meeting local connection criteria).
If there is anything else we can help with please do not hesitate to contact our helpful sales team at Sales@SevernHomes.co.uk
Please note you can register your intertest with us for upcoming available two-bedroom properties!
At a Glance
The village itself is steeped in history, dating as far back as the Roman times. There are excellent local amenities including a local shop, salons, exclusive boutiques and award-winning pubs.