The final set of keys were handed over to the newest residents recently at the Fernwood Meadows development, which has contributed towards the growing demand for housing in Nottinghamshire and offered buyers an affordable route onto the property ladder.

Just off Barnby Lane, Fernwood Meadows has delivered a collection of three- and four-bedroom homes available through Shared Ownership, now occupied by families, young professionals, downsizers and many different homeseekers.

Built with the modern homebuyer in mind, with remote working spaces and contemporary fittings, the energy-efficient homes at Fernwood Meadows provide a fantastic blend between the idyllic East Midlands countryside and the extensive amenities that a bustling town provides.

Platform has seen an increase in popularity in the Shared Ownership scheme. In fact, the start of 2024 has seen a 152% sale increase when comparing to last year, owing to the increase in popularity of the scheme in a time of economic uncertainty.

Shared Ownership allows homeseekers 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.

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

Sophie Kendal, Land and Partnerships Director at Allison Homes East, said: “We take a lot of pride in the design and construction of our homes, so it's been wonderful to see that Platform have experienced such great success at Fernwood Meadows.

“This development is a true example of how collaborative working can benefit a community, as our partnership has seen us provide much-needed, quality affordable homes for local people.

“We are looking forward to continuing our work with Platform, and to delivering the next phase to the highest standard.”

Lorraine Jenkins, Sales Consultant at Platform, said: “We're delighted to have completed on this phase of Shared Ownership at Fernwood Meadows, which is in a fantastic location for a variety of people.

“Our collaboration with Allison Homes means these homes are built to a high standard, so to see these homes become so popular is not surprising.

“We're looking forward to welcoming more home seekers back to this development when the next phase commences in 2025.”

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, local convenience store and coffee shop, while the historic market town of Newark which is just a short journey away, offers high street shops, theatres, Newark Castle, and more.

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.

More information on next phase of homes at Fernwood Meadows will be announced later this year.

For further details on Fernwood Meadows, please visit https://www.platformhomeownership.com/development/fernwood-meadows or call the team on 0333 200 7304.

Platform currently has Shared Ownership homes available at Edwalton Fields. For more information, please visit https://www.platformhomeownership.com/development/edwalton-fields.

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