Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

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Heath Meadow | Bromford, 2-3 bed homes


The Old Drive, Worcester, Wychavon, WR3 8RH

Shared ownership

Starting prices

40% share from
£86,000
Full price
£215,000
Minimum deposit
£4,300
Monthly rent
£296
Monthly service charge
£39

Overview

2 and 3 bedroom homes in Fernhill Heath.


Local area information

Our range of 2 and 3 bedroom homes at Heath Meadow is located in the village of Fernhill Heath, Worcestershire. 

Heath Meadow is within easy reach of local amenities, including The White Hart and Bull Inn pubs and post office, a 10 minute walk away from the development.  

Situated just off the A38 in North Worcestershire, Heath Meadow offers a great place to put down roots. From the development, you’re within 3 miles of both Worcester and Droitwich, offering great transport links to the wider Midlands and South West. Junction 6 of the M5 is just a 7 minute drive, with access to the M42 and M6.  

If you’re new to the area, then you might be looking for a team to support. Worcester Warriors RFC play in the English Premiership and play their home games at Sixways Stadium, which is located next to J6 of the M5. There’s also the David Lloyd gym on the same complex if you’re looking to keep fit. If you fancy playing 18 holes, then Ravenmeadow Golf Club is also nearby.  

The village is served by Worcestershire’s three-tiered education system, with Hindlip Church of England First School the nearest school for younger children. Claines Church of England Primary School is also a five minute drive away. The nearest high schools are located in Worcester and Droitwich, which are a 25 minute bus ride away.  

*Distance (miles) and journey times are approximate and are taken from Google Maps. 


FAQ's

Prices are not available yet for Heath Meadow | Bromford but you can register your interest to be notified when prices become available.

Plot breakdowns are not available yet for Heath Meadow | Bromford but you can register your interest to be notified when prices become available.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

Yes, but it all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Bromford
Shared ownership

Starting prices

40% share from
£86,000
Full price
£215,000
Minimum deposit
£4,300
Monthly rent
£296
Monthly service charge
£39