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Purchase a 50% share for £109,975 of a 2 bedroom apartment valued at £219,950

For example, with shared ownership you can afford a stylish contemporary apartment walking distance from Worcester city centre for as little as £418 per month.**

This figure is based on a shared ownership mortgage purchasing a 25% share of a one bedroom apartment (valued at £159,000) with rent payable on the remainder – plus a mortgage subsidy of £200 per month for 2 years. Offer available on limited plots. The assumed mortgage term is based on a mortgage term of 25 years mortgage at a rate of 7.0% with a deposit paid on the share. A minimum income of £21,000 (single or joint) is required.

click to visit our website to use our Shared Ownership Calculator.

KEY FEATURES

· Purchase from 25% to 75% of the property value, paying rent on the remaining share
· High specifications with design led kitchen and bathrooms
· Fantastic canal side location – within walking distance of the historic city centre
· Only 5% deposit required on your mortgage (subject to status)
· Stamp duty paid*
· Legal fees paid up to £500

THE WATERSIDE, ROYAL WORCESTER

The Waterside, Royal Worcester offers a range of contemporary styled apartments on the edge of the canal with colourful views towards the footbridge and small marina. To make the most of the location, some of the apartments have balconies.

The development has an elegant modern look that harmonises beautifully with the heritage buildings of Albion Mill, just a little further along the canal. The canal side walk passes in front, where Worcester’s intriguing industrial past can be seen in the adjacent buildings and bridges. From Hadley Court the historic city centre of Worcester is within walking distance.


LOCATION

The Waterside is a unique heritage development, close to the River Severn and the Worcester and Birmingham Canal. World famous Royal Worcester porcelain was once produced here, and many of the original factory buildings remain, distinguished by their rich red brick exteriors and architectural detail.

The development is within walking distance of Worcester city centre, which is characterised by its cathedral and historic buildings as well as some of the best shopping in the West Midlands.


ABOUT ASSETTRUST SHARED OWNERSHIP

If you’re trying to buy a home of your own, then you probably know how difficult it is to make that first step onto the ladder. Assettrust Housing is here to help, with shared ownership schemes that reduce start-up costs and monthly repayments.

Assettrust Housing is a privately financed company established in 2003 to provide affordable homes on a rental or shared ownership basis throughout England and Wales. We do not use government grants to fund any of our schemes.

Our policy is to combine traditional values with state of the art management and financing techniques. We are governed by a charter which ensures fair rents, high standards of maintenance and effective long-term management. Assettrust tenants and owners live in high quality new homes of modern design, which include large urban mixed-tenure developments or smaller schemes.

The Assettrust group of companies has substantial interests in the commercial and residential property markets, both as principal and as a provider of services through affiliates such as Hometrack.

* Stamp duty paid where applicable up to a maximum share value of £250,000.
** An additional service charge will be payable. The overall cost of comparison in this example is 7.3%. Your home may be repossessed if you do not keep up with the repayments on your mortgage.

Interior images are indicative only and may not accurately reflect the final specification or aspect of the apartments.