£88,000

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this well-maintained shared ownership resale two bedroom semi-detached home. The price shown represents purchasing a 40% share of the property.

Property Overview

An excellent opportunity to step onto the property ladder with this well-presented two bedroom semi-detached home, ideally situated within a quiet and established residential cul-de-sac. Offering a practical internal layout, private rear garden and off-road parking, this home is perfectly suited to first-time buyers, young families or those looking to downsize.

Upon entering, the entrance hall leads through to a bright and comfortable lounge, providing generous space for both everyday living and entertaining. To the rear of the property, the kitchen/dining room is well designed with ample worktop space, fitted units and room for dining, creating an ideal hub of the home. A convenient ground floor Wc is also located off the hallway.

The first floor comprises two well-proportioned bedrooms. The principal bedroom benefits from excellent natural light and generous space, while the second bedroom offers flexible accommodation suitable as a child’s bedroom, guest room or home office. A modern family bathroom completes the accommodation.

Externally, the property benefits from off-road parking to the front and a private rear garden designed for low maintenance and enjoyment, providing a peaceful outdoor space for relaxing or entertaining.

Financial Breakdown

- Full Market Value: £220,000
- 40% Share Value: £88,000
- Rent on unowned share: £267.17 per month
- Buildings Insurance: £20.94 per month
- Management Fee: £34.89 per month
- Lease Length: Approximately 110 years remaining

Local Area

Situated within a well-established residential neighbourhood, the property benefits from easy access to a range of local amenities, including shops, supermarkets, schools, leisure facilities and green open spaces.

Excellent road and public transport links provide convenient access to surrounding towns and employment centres, making this an attractive location for commuters and families alike.

What is Shared Ownership?

Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property’s value, while paying a subsidised rent on the remaining share.

Over time, you may choose to buy additional shares in your home through a process known as staircasing, potentially increasing your ownership up to 100%. Deposits and mortgage payments are based on the share purchased, meaning costs are often lower than buying outright or renting privately.

Legal & General Affordable Homes is a Registered Provider delivering Shared Ownership homes and committed to creating well designed communities and supporting buyers throughout their home buying journey.

Eligibility Criteria

To be eligible for Shared Ownership, you will need to:

- Have a combined household income under £80,000 per annum.
- Not already own a property, or part of a property, at the time of completing your purchase.
- Be unable to purchase a suitable home to meet your housing needs on the open market.

This resale opportunity offers a chance to buy an established home through the Shared Ownership scheme, providing a more affordable and flexible way to get onto the property ladder.

About Highlight Housing

We are The Affordable Homes Agency.

Finding an affordable home should not feel impossible. Highlight Housing exists to improve access to good-quality, safe, affordable homes for sale and rent across the UK, working with trusted housebuilders, housing associations, private sellers and landlords.

With over 15 years’ experience across shared ownership, shared equity, mid-market rent and rent to buy, we provide clear, practical guidance that helps people understand what is genuinely within reach.

Our focus is on supporting individuals and families to move forward with confidence into a secure, well managed future home they can afford.

Shared Ownership Disclaimer

Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent is payable on the share not owned, along with any applicable service charges and other outgoings. Staircasing is subject to a valuation at the time of purchase and additional legal and valuation costs may apply. Priority may be given to applicants with a local connection. All information provided is for guidance only and does not form part of any contract.