The final Shared Ownership home is available at Regency Gate, a Worcester development.

Platform Home Ownership is encouraging Worcestershire residents searching for homes to consider the opportunity.

Regency Gate, a mere three miles from Worcester city centre, boasts a beautiful selection of two and three-bedroom Shared Ownership properties constructed by five-star housebuilder, Taylor Wimpey.

Shared Ownership allows people the chance to buy a portion of their home and pay rent on the remaining amount, often securing between 10 per cent and 75 per cent of the property's market value.

Consequently, the required deposit shrinks, with most Shared Ownership deposits standing between 5 and 10 per cent of the share, not the full sum.

The popularity of Shared Ownership has surged.

In an analysis from 2024, Platform reported a sales increase of 152 per cent year on year, attributing this growth to economic uncertainty.

Those involved in Shared Ownership can gradually amplify their ownership through staircasing.

The Worcester home on offer is a three-bedroom semi-detached property, available for just £120,000 for a 40 per cent share.

The ground floor features a large kitchen and dining area to the rear, facing a fully-turfed backyard, and an expansive living area.

Further features include an integrated kitchen, hallway and bathroom, off-street parking, central heating and double-glazed windows, plus a dependable ten-year build warranty.

The first floor hosts a large en-suite bedroom and two other bedrooms, divided by a spacious landing area and a modern family bathroom.

Regency Gate's convenient location, near intersections of major routes such as A44, A4103 and A4440, guarantees an easy commute.

With Worcester to the east and green spaces to the west, you can experience both rural and urban living.

Jasmin Jandu, sales consultant at Platform Home Ownership, said: "The homes here at Regency Gate have been incredibly popular, which is no surprise given the build quality, affordability and location.

"We doubt that the final home will remain on the market for too long, so would strongly encourage anybody interested in a Shared Ownership home to get in touch with our friendly sales team."

For further information about Regency Gate, call the sales team at 0333 200 7304.