40 Harrier Way, Market Deeping, Cambridgeshire, PE6 8UN

Highlight Housing, The Affordable Homes Agency, working with L&G Affordable Homes, is pleased to present this well maintained 3 bedroom Shared Ownership home at 40 Harrier Way, Market Deeping, Cambridgeshire. The price shown represents purchasing a 40% share of the property.

Located within the sought-after Deeping Meadow development in Market Deeping, this three bedroom house is available for resale with Shared Ownership, offering an excellent opportunity for first-time buyers and families to step onto the property ladder in a popular residential location.

From the entrance hall downstairs is a contemporary gloss cashmere kitchen, a storage room, a useful cloakroom and a spacious living/dining room which leads onto the rear garden – ideal for everyday living and entertaining.

Upstairs are three bedrooms, with a built-in wardrobe an ensuite to the main bedroom, and a family bathroom. The additional bedrooms are well proportioned and flexible, suitable for children, guests, or home working.

Externally, the home provides a private turfed rear garden with patio seating, and two allocated parking spaces. Being end-of-terrace, the home enjoys additional privacy and natural light.

This new community also benefits from an on-site children’s play area and convenient access to local shops, schools, green spaces and transport links, making it ideal for families and commuters alike.

Financial Breakdown

• Full Market Value: £215,000
• 40% Share Value: £86,000
• Rent on unowned share: £349.28 per month
• Estate Charge: £56.02 per month
• Buildings Insurance: £14.54 per month
• Management Fee: £34.89 per month
• Total Monthly Charges (excluding rent): £105.45
• Lease Length: Approximately 120 years remaining

Local Area

Located just a minute away from the A15, giving easy access to Peterborough (less than ten miles away) and Spalding, Deeping Meadow is well-placed for commuters.

Market Deeping itself is right on the doorstep, offering a wide array of local and national brand retailers, pubs and restaurants. Many of them are clustered around the attractive traditional market square – there has been a market here since at least 1220.

The River Welland – location for an annual charity raft race – meanders through the town alongside attractive stone buildings, some of which date back to the 17th century.

There are a number of schools in Market Deeping, spanning the range from nursery to A-level. College and university education is available in Peterborough, just a short bus journey away.

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
• Satisfy affordability checks and credit assessment

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