34 Priors Grange

Property Overview

Offering approximately 831 sq ft of well-planned accommodation, this attractive two bedroom semi-detached home combines generous living spaces with the added benefit of a conservatory.

The ground floor comprises a welcoming entrance hallway, a separate fitted kitchen and a convenient downstairs WC.  To the rear, the spacious lounge/diner provides an excellent setting for relaxing, dining and entertaining, with French doors leading into the conservatory.

The conservatory provides valuable additional living space and offers flexibility as a dining area, home office or second sitting area, with access leading outside.

Upstairs, there are two well-proportioned bedrooms. The principal bedroom is a generous double with built-in storage, while the second bedroom provides flexible space for family, guests or home working. A family bathroom completes the first-floor accommodation.

With approximately 831 sq ft of accommodation, two double bedrooms and versatile living space, this established home offers an excellent opportunity for buyers looking to purchase through Shared Ownership.

Financial Breakdown

• Full Market Value: £250,000
• 50% Share Value: £125,000
• Rent on unowned share: £303.90 per month
• Service Charge: £0.00 per month
• Estate Charge: £0.00 per month
• Buildings Insurance: £11.31 per month
• Management Fee: £37.16 per month
• Reserve Fund: £0.00 per month
• Total Monthly Payment (excluding rent): £48.47 per month
• Total Monthly Rent & Charges: £352.37 per month
• Lease Length: Approximately 101 years remaining
• Rent Review: Reviewed annually (Rpi + 0.5%)

What is Shared Ownership?

Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property’s value, while paying rent on the remaining share.

Over time, you may choose to buy additional shares in your home through a process known as staircasing. For this property, you can increase your ownership up to 100%, at which point the freehold will be transferred to you.

Deposits and mortgage payments are based on the share purchased, meaning costs can often be lower than purchasing a comparable property outright.

L&GAffordable Homes is a Registered Provider delivering Shared Ownership homes and committed to creating well designed communities and supporting buyers throughout their home buying journey.

Eligibility Criteria:

To be eligible for Shared Ownership, you will need to:

• Have a combined household income of £80,000 or less.
• Be unable to afford the deposit and mortgage payments required to purchase a suitable home outright.
• You must also be a first-time buyer, a previous homeowner who can no longer afford to buy, forming a new household, an existing Shared Ownership customer looking to move, or a homeowner who cannot afford to purchase a new home that meets your needs.
• If you currently own a property, its sale must complete on or before completion of your Shared Ownership purchase.

This resale opportunity offers a more affordable and flexible route to owning an established home in a well-connected market town.

Shared Ownership Disclaimer

Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent is payable on the share not owned, along with any applicable service charges and other outgoings. Staircasing is subject to a valuation at the time of purchase and additional legal and valuation costs may apply. Priority may be given to applicants with a local connection. All information provided is for guidance only and does not form part of any contract.

Local Area

Priors Grange is situated in Evesham, a popular Worcestershire market town surrounded by the attractive Vale of Evesham countryside.

Evesham offers a wide range of everyday amenities, including supermarkets, independent shops, cafés, restaurants, schools and leisure facilities. The town also benefits from parks, riverside walks and access to the surrounding Worcestershire countryside.

For commuters, Evesham railway station provides services towards Worcester, Oxford and London Paddington, while the town’s road connections provide convenient access towards Worcester, Stratford-upon-Avon, Cheltenham and the wider Midlands.