2 bed terraced house for sale

Spearwort Close, Standish, Wigan WN6

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this two bedroom mid-terrace Shared Ownership resale home at Spearwort Close, Standish, Wigan, WN6 0ZW. The price shown represents purchasing a 60% share of the property.

Property Overview

Offering approximately 649 sq ft of well-planned accommodation across two floors, this two bedroom home provides practical and comfortable living space within the popular Standish area of Wigan.

The ground floor features a welcoming entrance hall leading to a separate fitted kitchen at the front of the home. A convenient downstairs Wc sits off the hallway, while to the rear is a spacious lounge/diner providing plenty of room for both seating and dining. A door from the lounge provides direct access outside.

Upstairs are two well-proportioned bedrooms. The principal bedroom provides generous space for a double bed and additional furniture, while the second bedroom offers flexibility as a bedroom, guest room or home office. A modern family bathroom completes the first floor.

With two bedrooms, approximately 649 sq ft of accommodation and a practical layout, this established home offers an excellent opportunity to purchase through Shared Ownership.

Financial Breakdown

• Full Market Value: £200,000
• 60% Share Value: £120,000
• Rent on unowned share: £186.89 per month
• Service Charge: £0.00 per month
• Estate Charge: £21.31 per month
• Buildings Insurance: £11.26 per month
• Management Fee: £31.44 per month
• Reserve Fund: £0.00 per month
• Total Monthly Payment (excluding rent): £64.01 per month
• Total Monthly Rent & Charges: £250.90 per month
• Lease Length: Approximately 120 years remaining
• Rent Review: Reviewed annually (Rpi + 0.5%)

Local Area

Spearwort Close is situated in Standish, a popular residential area to the north of Wigan offering a good balance of local amenities, green spaces and convenient transport connections.

Standish village provides a range of shops, supermarkets, cafés, pubs and everyday services, along with local schools and leisure facilities. The surrounding area also offers access to countryside and walking routes.

The property is well positioned for travel into Wigan and surrounding areas, with convenient road connections providing access towards Manchester, Preston and the wider North West.

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 rent on the remaining share.

Over time, you may choose to buy additional shares in your home through a process known as staircasing. For this property, you can increase your ownership up to 100%, at which point the freehold will be transferred to you.

Deposits and mortgage payments are based on the share purchased, meaning costs can often be lower than purchasing a comparable property outright.

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 of £80,000 or less.

Be unable to afford the deposit and mortgage payments required to purchase a suitable home outright.

You must also be a first-time buyer, a previous homeowner who can no longer afford to buy, forming a new household, an existing Shared Ownership customer looking to move, or a homeowner who cannot afford to purchase a new home that meets your needs. If you currently own a property, its sale must complete on or before completion of your Shared Ownership purchase.

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.