Discover Fernwood Meadows

Fernwood Meadows is an exciting new development near Balderton in Newark, comprising 3 and 4-bedroom houses for sale via shared ownership. Situated within the popular Fernwood Village - built by Allison Homes - Fernwood Meadows represents a great new opportunity for buyers seeking shared ownership in Nottinghamshire.

Just 3 miles south of Newark, the development is great for those commuting to either Nottingham or Lincoln, while the village itself has a range of local amenities including a day nursery, primary school, village hall, pubs, convenience stores and a gym. Fernwood Meadows is a key development in the Nottinghamshire shared ownership market and is ideal if you’re looking for new-build houses in Nottinghamshire.

Development Features

Each property in Fernwood Meadows has a turfed rear garden, allocated parking, modern fixtures, fittings and appliances as well as gas central heating and a 10-year build warranty.

Council Tax (TBC) – Due to these properties being new builds and not being previously occupied, the council tax and banding have not yet been set.

Service Charge – A service charge will be charged against the property and is paid monthly with your rent payment.  The service charge is reviewed on an annual basis on April 1st.  This will include building insurance, management and any communal/estate charges that may be covered (if applicable). The service charge displayed is estimated based on the initial assessment of the scheme, please contact the sales consultant for details.

Ground Rent – Not applicable

Homes England Key Information Document – Please refer to our website to read through our key information document for this property. This will include pricing details, eligibility and some lease information.

Prices: An example of prices based on buying through shared ownership with our minimum deposit rate of 5% is as follows:

3-Bedroom Mid Terrace House

- 40% share (deposit from £4,410) = £88,200

Monthly rent on remainder = £336.88

- 50% share (deposit from £6,125) = £122,500

Monthly rent on remainder = £280.73

- 75% share (deposit from £9,187.50) = £183,750

Monthly rent on remainder = £140.36

Other shares can be purchased subject to an affordability assessment. Please speak to a financial professional about the deposit rates available to you. 

Please note the images used here are typical and should be used as a guide only.

Learn more about Newark, Nottinghamshire

Fernwood Meadows is located on the edge of Balderton, a village in Nottinghamshire that is often considered a suburb of Newark. Newark is a market town with a population of around 27,000, steeped in history and home to a full range of amenities for residents including shops, pubs, bars, restaurants and entertainment.

Newark has several primary and secondary schools, the majority of which are rated ‘Good’ by Ofsted - making it popular with families looking for shared ownership in Nottinghamshire.

With easy access to the A1, Fernwood Meadows is ideal for residents who want to live somewhere quieter but still have connections to either Nottingham or Lincoln - whether that’s for shopping or work.

Why choose Shared Ownership in Newark?

If you’re looking for shared ownership houses in Newark please pre-register your interest for Fernwood Meadows and we will contact you with further information.

Shared ownership is a fantastic opportunity if you’re unable to purchase on the open market. It allows you to buy a share in a property on a part-buy/part-rent basis and pay a subsidised rent on the share you do not own.

Over time, you can purchase more shares in the property via the staircasing process. This can be done at any time after initial purchase and reduces the amount of rent you pay.

We offer shares between 25% and 75% of the property value depending on the outcome of your affordability assessment. The higher the share you purchase, the lower the rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to purchase outright. Deposit amounts will be lower than purchasing a property on the open market, while the combined cost of mortgage and subsidised rent is often cheaper than privately renting.

Am I eligible for Shared Ownership in Newark? 

Shared ownership uses the following criteria to help people get onto the property ladder:

- Maximum annual household income of £80,000

- Unable to purchase a home suitable for your needs

If you think that you’re eligible and interested, please get in touch with us today.