Restfil Way
Fernwood, NG24

£50,000 Shared ownership
Newton Fallowell Newark – 28th Feb 2024 (62)
Newark Office
Sarah Browning
Call Us 01636 706444


  • Modern Terraced Home
  • Two Well-Proportioned Bedrooms
  • Bathroom & G/F WC
  • Lounge & Dining Kitchen
  • Enclosed Rear Garden
  • Allocated Parking For 2 Cars
  • Council Tax Band: A
  • Council Tax Band: A


Tenure: Leasehold

*30% SHARED OWNERSHIP* Presenting a fantastic opportunity for a buyer to get on the property ladder, this modern mid terraced home is positioned in the heart of Fernwood and enjoys a quiet position on a residential walk-through area, with the added benefit of having ALLOCATED PARKING FOR 2 VEHICLES. The property's accommodation comprises: entrance hallway, ground floor WC, spacious lounge, dining kitchen with French doors opening to the rear garden as well as four ring gas hob and electric oven. The first floor has two well-proportioned bedrooms and a family bathroom. Outside, the rear garden is predominantly laid to lawn and the parking can be found to the rear of the property. Other features of this home include gas central heating and UPVC double glazing. Options to purchase a further percentage may be available from Nottingham Community Housing Association, for more information, please contact the office.

EPC rating: C. Council tax band: A, Tenure: Leasehold, Length of lease (remaining): 112 years 8 months, % Share being sold: 30,

Shared Ownership - Lease Details

Shared Ownership - Lease details
Management Company - Nottingham Community Housing Association
Remaining on Lease - 125 Years From And Including 1 March 2012, approximately 112 years remaining
Current Rent - £268.68 per month
Current Service Charge - £33.87 per month

ACCOMMODATION - Rooms & Measurements

Entrance Hall

1.80m x 1.45m (5'11 x 4'9)

maximum measurements

Ground Floor WC

1.73m x 1.04m (5'8 x 3'5)

maximum measurements


4.37m x 3.94m (14'4 x 12'11)

maximum measurements

Dining Kitchen

4.37m x 2.82m (14'4 x 9'3)

maximum measurements

First Floor Landing

Bedroom One

3.35m x 3.28m (11'0 x 10'9)

Bedroom Two

3.40m x 2.39m (11'2 x 7'10)

maximum measurements


2.01m x 1.88m (6'7 x 6'2)

maximum measurements

Shared Ownership

What is Shared Ownership?
Shared ownership is a part-buy, scheme designed to help people who cannot afford to buy a home on the open market. The scheme offers you the opportunity to buy a property in stages from Nottingham Community Housing Association (NCHA). Gradually it is possible to purchase further shares as they become affordable, and progress to full ownership. There is no obligation to increase your share. You can sell your share on at any time.

How does Shared Ownership Work?
You purchase the share of the property with a mortgage or cash sum; You pay a service charge and rent to Nottingham Community Housing Association.

Am I Eligible to Purchase this Property?
For further information please contact the office.


Mains gas, electricity, water and drainage are connected.


Fernwood is located on the edge of Balderton, approximately 3 miles south of Newark giving easy access to the A1, only 4.5 miles to the A46 and benefitting from a regular bus service. There is a range of amenities including a day nursery, primary school, village hall, 2 public houses, convenience store, fitness gym, personal training centre, and a hairdressers.

Agent's Note - Sales Particulars

Although these particulars are thought to be materially correct, their accuracy cannot be guaranteed, and they do not form part of any contract. All services, heating systems and appliances have not and will not be tested, and no guarantees have been provided for any aspects of the property, measurements are taken internally and cannot be assumed to be accurate, they are given as a guide only.

Interactive Property Report

An Interactive Property Report for this property can be viewed on the following web portals, under the virtual tour tab - Rightmove, Zoopla and Newton Fallowell. The report includes a wealth of material including information on - Title Plan and Plot, Maps, House Price Statistics, Flood Risk, Media Availability, In depth Local School Information, Transport Links, etc.

Anti-Money Laundering Regulations

Anti-Money Laundering Regulations - Intending purchasers will be asked to produce identification documentation at the offer stage and we would ask for your co-operation in order that there will be no delay in agreeing a sale.


Newton Fallowell Newark and our partners provide a range of services to our vendors and buyers. Conveyancing - If you require a solicitor to handle your sale or purchase, we can refer you on to a panel of preferred providers, we may receive a referral of up to £350 if you choose to use their services, there is no obligation to use solicitors we refer to. Mortgage Advice - Correct budgeting is crucial before committing to purchasing a property. You are free to arrange your own advice, but we can refer you to the Mortgage Advice Bureau who are in house for specialist advice on 1000s of mortgage deals if required. Please be aware that we may receive a fee of £332 if you ultimately choose to arrange a mortgage/insurance through them. Property Surveys - If you require a property survey of any kind, we can refer you to an RICS surveyor, and we may receive a referral fee of up to £30 should you chose to arrange a survey through them. For more information, please call the office.


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