Heaton Way, Kirkham, Preston, Lancashire, PR4 3FS

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this well-proportioned two-bedroom semi-detached house in Kirkham, Lancashire. This Shared Ownership resale is available from a 70% share for £122,500, based on a full market value of £175,000.

Property Overview

Offering approximately 663 sq ft of accommodation across two floors, this attractive home provides a practical layout well suited to first-time buyers, couples and smaller households.

The ground floor features a spacious kitchen/diner measuring approximately 15'3” x 10'0”, providing plenty of room for cooking and dining. To the rear is a separate lounge measuring approximately 13'6” x 8'4”, with double doors providing access outside. A convenient downstairs Wc completes the ground floor.

Upstairs, the principal bedroom measures approximately 13'4” x 9'10” and benefits from built-in storage. The second bedroom measures approximately 11'1” x 6'2”, with both bedrooms served by the family bathroom.

The property is leasehold with approximately 121 years remaining. Shared owners can staircase to 100%, at which point the freehold will transfer to the homeowner.

Financial Breakdown

• Full Market Value: £175,000
• 70% Share Value: £122,500
• Rent on Unowned Share: £128.68 per month
• Service Charge: £0.00 per month
• Estate Charge: £18.53 per month
• Buildings Insurance: £12.15 per month
• Management Fee: £31.44 per month
• Reserve Fund: £0.00 per month
• Total Monthly Payment (excluding rent): £62.12 per month
• Total Monthly Rent & Charges: £190.80 per month
• Lease Length: Approximately 121 years remaining

As this is a Shared Ownership resale, the percentage share purchased may vary depending on affordability. A 70% share is £122,500 with rent of £128.68 per month. A 75% share would be £131,250 with rent of £107.19 per month. The final share will be determined following a financial assessment, with the rent adjusted accordingly.

The rent is currently calculated at 2.94% of the value of the share retained by the landlord and is reviewed annually using Rpi plus 0.5%.

Local Area

Heaton Way is situated in Kirkham, a well-established Lancashire town offering a good range of everyday amenities, including shops, supermarkets, cafés, schools and leisure facilities.

Kirkham provides convenient access to the wider Fylde Coast and surrounding Lancashire countryside, with nearby towns including Preston, Lytham St Annes and Blackpool.

The area is also well connected for commuters, with Kirkham & Wesham railway station providing services towards Preston, Blackpool and other destinations across the region. Road connections include convenient access towards the M55 and wider motorway network.

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, your household income must be £80,000 or less and you must be unable to afford the deposit and mortgage payments required to purchase a suitable home outright.

You must also meet one of the qualifying circumstances, such as being a first-time buyer, a previous homeowner who can no longer afford to buy, an existing shared owner wishing to move, or someone forming a new household. If you currently own another home, its sale must complete on or before completion of your Shared Ownership purchase. Affordability and credit assessments will also apply.

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.