Berry Hill
Lindhurst Way West, Mansfield, MANSFIELD, NOTTINGHAMSHIRE, NG18 4TQ
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3 and 4 bedroom homes
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£192,995 to £264,995
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Situated close to open countryside, Berry Hill will be part of an exciting new community in the market town of Mansfield. This highly sought-after development will feature a collection of 2, 3 and 4 bedroom homes, ideal for first-time buyers and growing families alike.
Berry Hill will provide residents with the perfect escape from the hustle and bustle, without compromising on excellent transport links. The development will also feature a brand new village centre, primary school, community park and a wildlife reserve.
- 5 Star homebuilder for 10 years in a row
- Reserve today with just a 5% deposit using Help to Buy - available to first time buyers and existing homeowners
- House to sell? Ask about our Part Exchange and Movemaker schemes
- Just a 12-minute drive to Mansfield town centre
- Enjoy woodland walks at Thieves Wood
- New community facilities coming soon to the development
- Close to Sherwood Pines and Sherwood Forest
- Just 15-minutes from East Midlands Designer Outlet
- Excellent road links to the A617, A60 and A38
Why not come and visit? Our opening hours are... Monday 12.30pm to 5.30pm Thursday to Sunday 10.00am to 5.30pm
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Events and offers
You only need a 5% deposit
With the Government-backed Help to Buy scheme, just a 5% deposit will secure your brand new home at Berry Hill. With your deposit and a 20% equity loan provided by the government, you may only need to obtain a 75% mortgage!
1.1 This offer is only available on selected new build plots and Developments in England only (excluding London). Under the current scheme until March 2021, the maximum property value for Help to Buy is £600,000.
1.2 Help to Buy is only available on repayment mortgages and on properties which are occupied by the individual or individuals taking out the mortgage.
1.3 Purchasers will be required to raise funding (including a mortgage and a deposit) of not less than 80% of the property purchase price (excluding any mortgage fees). The property will be subject to a first charge in favour of the mortgage company. Purchaser deposit must be a minimum of 5% after the equity loan has been applied. Mortgage lender's criteria may affect any deposit percentage and whether it applies before or after the equity loan is deducted from the purchase price.
1.4 Homes England will provide an equity loan to eligible purchasers of not less than 10% and not more than 20% of the purchase price subject to the terms of the equity loan agreement. Based on the maximum purchase price of £600,000, Homes England will therefore provide an equity loan of up to £120,000.
1.5 The equity loan provided by Homes England will be secured by a second charge on the property behind the first charge referred to in paragraph 1.3.
1.6 The equity loan provided by Homes England will not incur any loan fees for the first 5 years. From the beginning of year 6, loan fees will be payable by the purchaser at an annual gross rate of 1.75% of the loan’s value, rising at the Retail Prices Index (published by the Office for National Statistics) plus 1% per year thereafter. Fees don’t count towards paying back the equity loan.
1.7 The equity loan must be repaid within 25 years of legal completion of the purchase of the property whether the property is sold or not.
1.8 The equity loan will be repayable on the basis of the greater of the price of the property or its market value at the time of future sale or mortgage repayment as opposed to the original purchase price but disregarding additions or improvements made to the property by the purchaser with the consent of Homes England. This means that if the property increases or decreases in value, the purchaser will pay Homes England the same percentage of the new price of the property as the percentage the equity loan was of the original price. This may result in Homes England being paid more or less than the original loan value.
1.9 If, on the sale of the property, the price of the property has fallen and there is insufficient money from the sale to repay the equity loan after the mortgage has been paid the purchaser will lose any deposit paid. Homes England will not however seek to recover the balance of their equity, not otherwise paid out of the proceeds of sale, from the purchaser.
1.10 The purchaser may repay the equity loan to Homes England at any time following legal completion. Repayment whether in full or by instalments will be based on the market value of the property at the time of the repayment(s) and the purchaser will have to arrange and pay for the valuation of the property at that time. The minimum instalment value is 10% of the total of the equity loans.
1.11 Detailed terms and conditions apply to the equity loan which will be made available to the purchaser via their legal advisors as part of the conveyancing process.
An example of how Help to Buy works is as follows:
|
Mortgage |
£90,000 |
(75%) |
|
Deposit |
£6,000 |
(5% of purchase price) |
|
Equity loan |
£24,000 |
(20% provided by Homes England) |
|
Purchase price |
£120,000 |
The equity loan provided by Homes England will not incur any loan fees for the first 5 years. From the beginning of year 6, loan fees will be payable by the purchaser at an annual gross rate of 1.75% of the loan’s value, rising at the Retail Prices Index (published by the Office for National Statistics) plus 1% per year thereafter.
|
Open market value |
£150,000 |
(a 25% uplift invalue) |
|
Mortgage repayment |
£90,000 |
(assuming norepayment ofcapital) |
|
Equity loan |
£30,000 |
(20% of the openmarket value) |
|
Remainder available to purchaser |
£30,000 |
Home of the week
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The Maidstone | Plot 134 | From £208,995
- Upgraded kitchen with integrated appliances worth £2,800*
- £5,000* towards your moving costs*
- Flooring included throughout worth £3,400*
*Terms and conditions apply
Show Homes
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Site and location
About the area
A fantastic location
The market town of Mansfield is just a 12-minute drive from your new home where you’ll find a variety of shops, restaurants, cafés and bars.
Living at Berry Hill you’ll be spoilt for choice when it comes to days out with the kids, from bowling, to soft play and even pony trekking, just a short drive away.
The ideal place for first time buyers and families alike, Berry Hill is well connected to the M1 and A60 making it ideal for those who commute.
Essentials on your doorstep
Residents at Berry Hill can enjoy a host of convenient facilities including;
- The amenities of Mansfield town centre are just a 12-minute drive away
- A range of schools for children of all ages
- Choice of supermarkets close by to your new home
- A hospital, doctors, dentists and a pharmacy are all within close proximity
Once completed Berry Hill will be home to a new village centre, primary school, GP surgery, dental practice, family pub, a wildlife reserve, cycle paths and a new bus service.
Efficient, modern design
Along with wildlife-friendly green open spaces and mature trees, you can take comfort from the fact that homes at Berry Hill will have high levels of insulation, double glazing, energy efficient central heating and modern construction methods saving you hundreds of pounds in bills when compared to an older house.
Disclaimers
Please note that all images are for illustrative purposes only. Images include optional upgrades at additional cost. Please see our Image Disclaimer for further details.
Super fast broadband is available on selected plots only. Broadband speeds may vary, which may be affected by various factors including distance from the exchange, time of day and internal home wiring. Actual installation time will be dependent on the broadband provider.
Square footage is the total internal floor area of the home, measured from the internal face of blockwork, excluding the garage (if applicable) and any area with less than 1.5m clear headroom under sloping ceilings. The area taken by stairs is included in both floors that the flight serves.
Gross annual projected rental yield figures are based on the projected yields of at least two independent valuations supplied. Figures do not represent guaranteed rental return and are based on the property being continually rented.
'5 Star Housebuilder' awarded to Barratt Developments Plc Group brands.
Following withdrawal or termination of any offer, we reserve the right to extend, reintroduce or amend any such offer as we see fit at any time.