2-bedroom terraced house · PE10 2AZ
For saleListed 2 days
Opportunity summary
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About
Final home available in this phase! ** Reserve Now & Move In For Christmas!
** Now 80% Reserved ** 5% Deposit From Just £5,000 & Monthly cost from just £897 Highlight Housing, The Affordable Homes Agency, working with Legal & General's Affordable Housing Division (L&G), is pleased to present this Shared Ownership two bedroom terraced house at Elsea Park, Bourne.
The price shown represents purchasing a 25% share of the property. Rent is payable on the remaining share.
Property Overview This attractive two-bedroom home has been thoughtfully designed to maximise space and comfort, making it ideal for first-time buyers, professionals, and small families.
The ground floor features a welcoming living room, a modern kitchen/dining area perfect for everyday living and entertaining, a convenient downstairs Wc, and useful storage space.
Upstairs, there are two generous double bedrooms, a contemporary family bathroom, and additional built-in storage.
Offering approximately 748 sq ft of well-planned accommodation, this stylish home combines practical living with modern design in the popular Elsea Park development.
Bourne is a place where family life feels easy, combining the charm of a historic market town with the convenience of everything you need close by.
With a number of green open spaces, woodland walks and safe places to explore, it's ideal for growing families to enjoy time outdoors, from Bourne Woods to the town's parks and play areas.
Available to purchase from a 50% share.
Financial Breakdown: Full Market Value: £200,000 50% Share Value: £100,000 5% deposit of 50%: £5,000 Rent on unowned 50% share: £229 per month Service Charge: £77.55 per month Total monthly cost inc.
mortgage: £897 Council Tax: Tbc* L&G Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership.
Thanks to this scheme, you can get on the property ladder sooner than you think with a lower deposit.
For more information, please register or contact our Sales Consultant who will be delighted in helping you find your new home.
Local Area Life in Bourne brings the outdoors into everyday living, with a rich mix of woodland, parkland and restored wetlands all within easy reach.
From peaceful morning walks to family adventures, it's a setting that naturally encourages time outside.
At the heart of the town, Wellhead Park and Gardens offers 21 acres of beautifully maintained green space, known for its seasonal spring blooms, landscaped gardens and tranquil, spring-fed water features.
It's a place to pause, explore and enjoy time together, with open lawns and play areas perfect for families.
Bourne Woods provides miles of walking trails beneath mature trees, ideal for weekend exploring, while nearby nature reserves open up a wilder landscape to discover.
Willow Tree Fen Nature Reserve, managed by the Lincolnshire Wildlife Trust, is a unique wetland habitat where cranes and other birdlife thrive, offering a rare chance to experience nature up close.
From accessible parks to protected natural spaces, Bourne places nature at the centre of daily life, creating a lifestyle where fresh air, green views and outdoor freedom are always within reach.
What Is Shared Ownership?
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share.
Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright.
Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
L&G Affordable Homes are a Registered Provider offering these apartments for sale on a Shared Ownership basis.
We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes.
About Highlight Housing We are The Affordable Homes Agency. Our purpose is to improve access to good-quality, safe and affordable homes for sale and rent across the UK.
We work with trusted developers, housing associations, private sellers and landlords to provide clear guidance that helps people understand what is realistically within reach.
Council Tax and Cgi Disclaimer Council tax bands are often not released until a property is complete. For guidance, please speak with a Sales Consultant or contact the local authority.
Cgi interior images are indicative and representative of the house style from an actual house of this type at Elsea Park.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Plot 155, 31 Smith Crescent, Bourne, Lincolnshire, PE10 2AZ
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