Platform Home Ownership will soon be releasing a range of brand-new Shared Ownership and Rent to Buy homes in Newark, built by Miller Homes.

Named Middlebeck, part of the multi-million-pound investment on the land around the new Southern Link Road, the development will offer a selection 95 Shared Ownership homes, with 43 more homes available through Rent to Buy, giving families, young professionals and many different homeseekers the opportunity to secure a home of their own via an affordable homes scheme.

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.

Platform has seen an increase in popularity in the Shared Ownership scheme. In fact, they have sold 55% more Shared Ownership homes between April 2021 and March 2022 compared to the previous year.

Through the process of staircasing, those using Shared Ownership can gradually increase the amount of their home that they own.

Middlebeck, with homes due to become available in July 2024, is less than two miles south of Newark-on-Trent, with excellent transport links to the nearby settlements including Sheffield, Doncaster, Nottingham, Grantham and Leicester, sitting in a pocket between the major, well-connected A1 and A46 roads.

The development therefore provides the perfect blend between rural and urban living, with the tranquillity of the Nottinghamshire countryside providing a peaceful retreat for those who wish to commute into the city or town for work or leisure.

Newark itself is rich in amenities, with multiple eateries, family-friendly pursuits and places to shop within the charming town centre, and a two train stations providing a great transport hub with connecting routes to London, Edinburgh and Newcastle among other locations.

Kelly Rigley, Regional Sales Manager at Platform, said: “We're thrilled to finally be announcing these wonderful Shared Ownership homes and to be part of such an exciting new area.

“Middlebeck is in an already thriving community in a fantastic location for many different homeseekers, so to be contributing towards that growth is truly special.

“We're looking forward to helping people on their journey towards homeownership at Middlebeck and cannot wait to see people taking that step towards a fantastic home.”

Middlebeck is a new settlement which has attracted a number of new residents due to the appeal of its location, with Platform proud to be contributing an abundance of new homes towards the ever-growing community.

As with all Platform Home Ownership properties, the homes will come with a 10-year new homes warranty, allocated off-street parking, double-glazed windows and central heating.

Moreover, each home will be equipped with a fully-integrated kitchen, stylish family bathroom and turfed rear garden.

For further details on Middlebeck, or to register your interest, please visit https://www.platformhomeownership.com/, or call the team on 0333 200 7304.

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ENDS

For press information, contact Ethan on 0116 502 4047 / ethanh@unsworthsugden.co.uk and Hannah Elwell on 0116 247 1777 / hannah@unsworthsugden.co.uk.