40 Peregrine Way, Warwick, CV34 6WP

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this well maintained two bedroom mid-terraced shared ownership home in the sought after Heathcote area of Warwick. The price shown represents purchasing a 40% share of the home.

Located within an established and well connected neighbourhood, this home offers an excellent opportunity to step onto the property ladder through Shared Ownership.

Arranged over two floors and extending to approximately 67 sqm (717 sq ft), the property offers modern and well balanced living space. The ground floor provides a bright and spacious open plan kitchen, lounge and dining area with direct access to the private rear garden, alongside a convenient separate WC.

Upstairs, there are two well proportioned bedrooms and a modern family bathroom. The layout is well suited to first time buyers, professionals or those seeking a practical and comfortable home. A 360° virtual tour is available to support your viewing.

The property also benefits from allocated parking, gas central heating and a private enclosed rear garden, providing a good balance of indoor and outdoor space.

Financial Breakdown

• Full Market Value: £307,500
• 40% Share Value: £123,000
• Rent on unowned share: £622.69 per month

Local Area

Heathcote is a popular residential area located between Warwick and Leamington Spa, offering a well established community with access to local shops, schools and everyday amenities.

The property benefits from excellent transport links, with easy access to major road networks and nearby rail connections, making it well suited to commuters. The surrounding area also offers green spaces and leisure facilities, supporting a balanced lifestyle.

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.

The share purchase price is based on the full market value of the property, and your rent is calculated on the remaining share owned by the landlord.

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%.

Eligibility Criteria

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

• Have a combined household income under £80,000 per annum
• Be unable to purchase a suitable home on the open market
• Meet one of the standard criteria, such as being a first time buyer or forming a new household

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, service charges and other costs will increase over time and should be considered carefully. Failure to meet mortgage, rent or service charge payments could put your home at risk.