Every home at a "high-quality" shared ownership development near Worcester has been snapped up.

Platform Home Ownership linked up with partner Bloor Homes to design and construct Elgar Park in Lower Broadheath.

The association has said that the development helps address a rise in demand for affordable housing, with shared ownership growing increasingly popular among first-time home buyers.


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The beginning of the year saw a 152 per cent sale increase for Platform, indicating a trend among buyers to consider shared ownership for getting onto the property ladder.

Shared ownership offers home seekers the opportunity to purchase a part of the property and rent the remaining amount.

Typically, buyers purchase between 10 per cent and 75 per cent of the property.

This reduces the amount needed for a deposit to between five per cent and 10 per cent of the share rather than the full amount.

The development, which is near the countryside as well as Worcester, Droitwich Spa, Pershore, and Evesham, comprises of energy-efficient two and three-bedroom homes.

All houses within the development were fitted with central heating and double-glazed windows, have allocated parking and a 10-year build warranty.

Steve Roberts, managing director at Bloor Homes Western, said: "We’re really happy to work with Platform across a number of developments, including the incredibly successful Elgar Park, as the two companies work towards the common goal of meeting the increased demand for affordable housing in great locations."

Hannah Harding, a sales consultant for Platform, said: "We pride ourselves on extending the affordable routes onto the property ladder in as many locations as possible.

"Lower Broadheath is in the sweet spot of the beautiful Worcestershire countryside with a number of charming towns and cities on its doorstep for our buyers to enjoy.

“We’ve seen a large uptick in Shared Ownership purchases and enquiries, further cementing the scheme as one of the fastest-growing routes towards securing a home, and we’re grateful to have helped so many on their journey to doing so here.”

For further details about the development, visit https://www.platformhomeownership.com/development/elgar-park-worcester or call the Platform team on 0333 200 7304.