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Cookley Works

A collection of 2, 3 and 4 bedroom homes available with Shared Ownership.

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Buy from £73,000 for 40% share

Available properties

All homes are now sold at Cookley Works, located in Brierley Hill.
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  • Amenities Nearby
  • Schools Nearby
  • Transport links

The development

The Cookley Works development in Brierley Hill is a prime example of how innovative housing projects can breathe new life into an area. As part of a £5 million investment project by the local council to regenerate Brierley Hill, Cookley Works has addressed the housing need of the community.

The development’s name, Cookley Works, is a nod to the former steel factory that once occupied the land. For over 150 years, this site was an integral part of the Black Country’s steel manufacturing industry, contributing to the area’s rich industrial heritage. Over time, the site became derelict, but the development has given it a fresh purpose, transforming it into a thriving residential community while preserving its historical roots.

Spanning across five acres, Cookley Works has produced 71 homes, with 34 being bought through Shared Ownership. Each home was built to a high standard, with modern fixtures and fittings throughout.

Interior living room 2

Cookley Works Virtual Show Home

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Development Brochure

Development Brochure

Local Area Information

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  • Education

    With a handful of schools close by, some of which are a 10 minute walk away from the Bull Street development. Including Blowers Green Primary School and Pegasus Academy, both rated 'Outstanding' by OFSTED.

  • Transport Links

    Located in the heart of the West Midlands, Dudley offers transport links in every direction. With only 10 miles to travel until you reach Birmingham city centre.

  • Local Amenities

    Within the bustling town of Dudley, there are plenty of amenities to choose from. From pubs, restaurants and bars, Dudley has it all. Less than 3 miles away from the Bull Street development is Merry Hill, a renowned shopping centre.

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Site plan

Status

Available

Sold/Reserved

Coming soon

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Shared Ownership works perfectly for us as it means that over time we can buy more of a share of our forever home which is exactly what we intend to do.

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Cookley Works, Brierley Hill

Available properties

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Frequently asked questions

Most buyers who can’t afford to buy a home outright can apply to buy through shared ownership.

We may also be able to help if you need to move because of a relationship breakdown or if your work requires you to live in an area outside your price range.

In order to buy through the Shared Ownership scheme, you must be able to demonstrate that you can afford and sustain home ownership. If you proceed with Shared Ownership you will be required to undertake an affordability assessment.

You must meet our adverse credit policy, if you have a history of adverse credit you are unlikely to be accepted depending on individual circumstances.

Shared owners still have to pay many of the usual costs involved in buying a home.

Reservation fee

We will ask you for a £250 deposit to reserve your chosen home. When the sale goes through we put this towards your purchase payments. However, we cannot refund it if the sale does not go through.

Mortgage deposit and fees

Most mortgage lenders will ask for a 5% or 10% deposit towards the price of the share you want to buy. They are also likely to charge a valuation fee and administration fees.

Legal fees

Solicitors’ charges can vary so it is best to get a few estimates. You will also have to pay Land Registry and local search fees, and may have to pay stamp duty depending on the value of the property.

After you've moved in

You also need to budget for the ongoing costs of owning a home.

Mortgage repayments

You will have to make monthly mortgage repayments to your lender. Depending upon the type of mortgage you have, these repayments may vary as interest rates change.

Rent

You pay a subsidised monthly rent to us on the share of your home which we own. The amount is reviewed on the 1st April each year.

Service charges

You will have to pay a small charge if your home has any facilities or communal areas which we maintain, such as shared entrance halls, lighting and grounds. Your service charge will also include your buildings insurance and your management fee.

Household bills

These include your council tax and utility bills for water, gas and electricity.

Repairs

We will arrange for any defects on new-build homes to be repaired during a set time period. After that time has elapsed, you will be responsible for arranging and paying for all repairs to your home.

Home contents insurance

We provide buildings insurance with the cost of your service charge but this does not cover your belongings. We strongly recommend you arrange your own home contents insurance.

Much will depend on your other financial commitments and what property/share you want to buy. We don't want you to be overstretched, so we need to be sure that you can afford to pay your mortgage and rent. We look at each application individually and will advise you on your options.

Shared ownership schemes are backed by government funding to help people on smaller incomes. So you will not qualify for most shared ownership schemes if your household income is less than £10,000 or more than £80,000 a year.

On the property listings for some of our shared ownership homes, you will see that we state a local connection to the area is required.

This generally applies in rural areas and small villages where land has been made available specifically for affordable housing to meet the needs of local people, rather than for private development.

These are known as ‘rural exception sites’ or 'protected areas' and are controlled by ‘Section 106 Agreements’. They aim to help local people and families afford homes in the area where they grew up.

The local connection criteria can vary between different developments, but is usually based on the following:

applicant was born in the area and has lived there for a number of years

applicant has permanently lived in the area for a number of years

applicant used to live in the area for a number of years but had to move away because of the lack of affordable housing

applicant has been permanently employed in the area for a number of years

The number of years is usually between 2 and 5, although this differs by local authority

Usually priority is given to applicants with a local connection to the parish. If there are still properties remaining, allocation will be opened up to surrounding parishes and then to the whole of the local authority area. This ensures that the homes are occupied by residents as local to the area as possible.

If you want to find out more about the local connection criteria for a particular development, or check if you qualify, please email sales@platformhg.com

Yes you can, once you have moved into your Shared Ownership property, providing you can afford it, you are able to buy more of your home through the process of Staircasing.