£26,000

Full Description

The Pines development is ideally situated in Clipstone, a bustling town with a long running history the development is located close to the Old Colliery. There's also a local primary and secondary schools, great transport links with local bus routes, road links to the A60 and M1 motorway and Mansfield train station offering services to Nottingham. The properties will benefit from a 10 year NHBC warranty.

The property

The Somerton is a beautiful 3-bedroom semi-detached property within The Pines, a brand new development in one of Nottinghamshire's fastest growing villages, Clipstone.

Upon entering the property, you'll find a large hallway that leads to the living room, kitchen/dining space, two extra storage spaces and a downstairs W/C.

The living room is a large space that benefits from plenty of natural light thanks to the front-facing window.

Moving to the rear of the property, you'll find the kitchen/dining room, featuring ample surface space alongside room for a dining table and access to the turfed rear garden.

Heading upstairs, you'll find a landing area with access to three bedrooms and the primary bathroom, which features a shower over bath layout.

The primary bedroom is the larger of the two, an airy space with two large windows offering natural light.

The secondary bedroom is equally large and also fits a double bed, making it ideal as a guest room or for older children.

The third bedroom is slightly smaller but still able to fit a single bed alongside furniture, offering even more space for buyers.

Designed to blend seamlessly with the existing environment, The Pines is a development centered around one core concept: sustainability. From the building methods used by the developer to the various energy-efficient features within each property, The Pines represents the beginning of a new community.

Prices

Plots 4, 5 & 8

3 Bedroom Semi Detached House

£104,000 for a 40% share (deposit from £5,200)

Monthly Rent on remaining share £357.50

£130,000 for a 50% share (deposit from £6,500)

Monthly Rent on remaining share £301.17

£195,000 for a 75% share (deposit from £9,750)

Monthly Rent on remaining share £148.96

These properties are due for build completion in Summer 2026, we’re therefore currently unable to offer viewings and will be accepting reservations off-plan.

Other shares can be purchased subject to an affordability assessment.

Examples of deposit rates are based on our minimum required deposit rate of 5%. However please seek financial advice to confirm what deposit rate is available to you.

Council Tax TBC –these properties are new build and banding has 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 Buildings 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.

NEXT STEPS:

1. For further information, please download our brochure below.

2. TO APPLY NOW, please send an enquiry to Platform Home Ownership and the relevant sales consultant will send you a link to our online application form to complete.

3. Upon receipt of your application, once approved, we will refer you for an affordability assessment to determine the most affordable share for you.

4. Once you have passed the affordability assessment, we will then be in contact to confirm the availability. Offer of a property is on a first come first serve basis once you have been signed off by the financial assessor.

5. If there is a suitable property we will then send you an offer letter and advise on how to pay your £250.00 reservation fee for your new home.

Shared Ownership is a fantastic opportunity if you're an unable to purchase a home 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 part that you do not own. Over time, you can purchase more shares in your property – this is known as ‘staircasing’. This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.

We will offer shares between 10-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your 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 enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.

For more detailed information and your obligations in relation to shared ownership please download our ‘Guide to Shared Ownership’

Am I eligible?

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

- Maximum annual household income of £80,000.

- Unable to purchase a home suitable for your needs.

Please visit the Homes England website for further guidance using the Homes England Eligibility Checker.

Please note some images are typical and should be used as a guide only