3 bed semi-detached house for sale

Chicory Grove, Kidderminster DY11

A wonderful opportunity to own a new three-bedroom semi-detached home on a part-buy, part-rent basis. Situated in the new Habberley Park Development, this property enjoys convenient access to scenic countryside, local schools and Kidderminster town centre.

Description

This is a rare opportunity to purchase a brand new three-bedroom home on a part-buy, part-rent basis. Buyers can initially acquire between 50% of the property, with the option to increase their share up to 100% ownership after the first year. This flexible and affordable housing scheme, provided by The Community Housing Group, is ideal for first-time buyers or those with a limited budget looking to step onto the property ladder. For a 50% shared ownership, the monthly rent is £389.71, which includes buildings insurance and administrative fees. As ownership shares increase, the rental amount decreases proportionately. Further details on eligibility criteria and the application process can be found below.

Shared ownership.

Well-appointed kitchen with various integrated appliances.

Generous and bright living area with views over the rear garden.

Fully enclosed garden featuring a spacious patio.

Parking spaces for two cars and the added advantage of solar panels and an EV charger.

Qualification eligibility criteria
Applicants are not eligible to join the Home Choice Plus housing register unless they met the qualifying criteria of a close association outlined below.

In determining whether the household has a close association we will agree a connection exists in the following circumstances;

Where the local connection arises due to residency the applicant(s) must have lived in the partnership area (by choice) for a minimum period of two years.

Where the applicant(s) meets any of the statutory homelessness definitions included in the allocations policy.

Where the local connection arises due to employment and the applicant(s) have been in permanent, paid employment for a minimum period of six months, within one of the Local Authority areas included in the Partnership, immediately prior to the application (please see further information below).

Where the applicant(s) has a close (immediate) family member living in the hc+ partnership area and has done so for a minimum period of five years, immediately prior to the application (please see further information below).

Where the applicant has resided in the Partnership area for three out of the last five years at the point of application.

Eligibility
To be eligible for shared ownership you:

Need to be over the age of 18.

Be unable to buy on the open market.

Not already own a property (unless in exceptional circumstances).

Be able to raise a mortgage to cover the share you wish to purchase.

Be able to afford to pay the remaining rent and bills etc.

Have enough saved to cover the mortgage and legal fees and any additional moving costs.

Do not earn in excess of £80,000 per annum.

Be registered on HomeChoice plus Housing Register. You can apply online at

How to apply
To apply for one of the Community Housing Group properties you need to complete an application form and an income and expenditure statement:

Application.pdf ().

IncomeAndExpenditure.pdf ().

You need to provide documents to support your application, please use the checklist to ensure you have provided everything that is applicable:

ApplicationChecklist.pdf ()

Register on our housing register –

You will then be issued with a letter which we will require sight of, then email your supporting documents to

The Community Housing Group will then assess your application. This normally takes around a week. A financial assessment will need to be undertaken by our nominated financial advisor prior to your application being assessed.


Location

Location
Chicory Grove is ideally positioned between Bewdley and Kidderminster, offering a balance of countryside tranquillity and urban convenience. Nearby Habberley Valley provides scenic trails, while Trimpley Reservoir and the River Severn are perfect for outdoor activities.

The historic town of Bewdley boasts independent shops, pubs, and attractions such as the Severn Valley Railway and West Midlands Safari Park. The Wyre Forest Nature Reserve offers extensive trails for walking, cycling, and horse riding.

Kidderminster provides high-street shopping, supermarkets, and dining options, along with excellent transport links, including a train station with services to Worcester, Birmingham, and London.

Services

The property benefits from mains gas, electricity, water and drainage. Additionally electricity is provided by solar panels.

Fees

Reservation Fee - refundable on exchange

A reservation fee, refundable on exchange, is payable prior to the issue of the Memorandum of Sale and after which the property may be marked as Sold Subject to Contract. The fee will be reimbursed upon the successful Exchange of Contracts.

The fee will be retained by Andrew Grant in the event that you the Buyer withdraws from the purchase or does not Exchange within 6 months of the fee being received other than for one or more of the following reasons:

1. Any significant material issues which individually are more than 1% of the agreed purchase price and are highlighted in a survey and were not evident or drawn to the attention of you, the Buyer, prior to the Memorandum of Sale being issued.
2. Serious and material defect in the seller’s legal title.
3. Local search revealing a matter that has a material adverse effect on the market value of the property that was previously undeclared and not in the public domain.
4. The vendor withdrawing the property from sale.

The reservation fee will be 0.5% of the accepted offer price for offers below £800,000 and 1% for offers of £800,000 or over. This fee, unless specified otherwise, is payable upon acceptance by the vendor of an offer from a buyer and completion of an assessment of the buyer’s financial status and ability to proceed.

Should a buyer’s financial position regarding the funding of the property prove to be fundamentally different from that declared by the buyer when the Memorandum of Sale was completed, then the Vendor has the right to withdraw from the sale and/or the reservation fee retained. For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property. The reservation fee will not be refunded where there is an inability on the part of the Buyer to raise any required mortgage after the Memorandum of Sale is completed.

Once the reservation fee has been paid, any renegotiation of the price stated in the memorandum of sale for any reason other than those covered in points 1 to 3 above will lead to the reservation fee being retained. A further fee will be levied on any subsequent reduced offer that is accepted by the vendor. This further fee will be subject to the same conditions that prevail for all reservation fees outlined above.