Fernwood Meadows, situated in the popular Fernwood Village, is a collection of three, and four-bedroom Shared Ownership homes built by Allison Homes.
Between April 2021 and March 2022, 17,221 Shared Ownership sales were completed by large registered providers and local authorities, an increase of 37% compared to 2020-211.
Shared Ownership allows home seekers to purchase a share of their home and pay rent on the remaining amount, typically buying between 10% and 75% of the property’s full market value, depending on the model purchased with.
This lowers the amount needed for a deposit, with most deposits on Shared Ownership schemes between 5% and 10% of the share and not the full amount.
Between April 2021, and March 2022, Platform sold 563 Shared Ownership properties which is a 55% increase from April 2019 to March 2020, where they sold 363 Shared Ownership homes.
One of the modern homes available through Shared Ownership at Fernwood Meadows is the Cyrpus, a spacious four-bedroom mid-terrace home.
Priced from £103,250 with a 35 percent share value, the Cyprus benefits from an open-plan, flexible design over three storeys, perfect for families.
The ground floor features an open plan living/ dining area, a perfect space to entertain family and friends with French doors leading you out to the turfed rear garden. A contemporary kitchen, handy utility room, and cloakroom complete the ground floor.
Moving up to the first floor, you will be greeted with the primary bedroom featuring a dressing room and en-suite. Also on this floor is a single bedroom and a large family bathroom with a walk-in shower. The second-floor benefits from two spacious double bedrooms.
All Platform Shared Ownership homes come with 10-year build warranty, double glazed windows, and allocated parking.
Platform is hosting an open day at Fernwood Meadows on Saturday 11th November between 11am and 2pm. This event enables prospective customers to take a tour around some of the Shared Ownership homes available at this development.
Fernwood Village provides excellent education facilities, with Suthers Senior School set within a brand-new state-of-the-art building. There are local parks and woodland areas for walks, as well as tennis and football pitches.
Other facilities include a family-friendly pub, The Tawney Owl, serving your favourite meals, and also a nearby local convenience store and coffee shop. You can explore the historic market town of Newark which is just a short car journey away. Here you will find all the high street shops, theatres, Newark Castle, and regular popular farmer’s market.
Ideally situated, Fernwood is located on the edge of Balderton, approximately three miles south of Newark giving easy access to the A1 which is perfect for commuting to both Nottingham and Lincoln.
Rada Knezevic, Sales Consultant at Platform, said: “We’re thrilled to have released our fantastic Shared Ownership homes here at Fernwood Meadows.
“Our collaboration with Allison Homes means these homes are built to a high standard, so we expect them to be very popular. With this in mind, I would urge any potential home seekers to get in touch as soon as possible to avoid missing out on a great home.”
