Elsea Park in Bourne
by Legal & General Affordable Homes
2 & 3 bedroom houses
£100,000 - £117,500 for a 50% share
(£200,000 - £235,000 Full Market Value)
Bourne, Lincolnshire, PE10 2AQ
Elsea Park is a welcoming new community surrounded by plenty of green space just outside Bourne
You will find this superb new collection of 2 and 3 bedroom Shared Ownership houses are designed for family life and modern living. Surrounded by green open spaces and several ponds, these homes are close to everyday amenities and within walking distance from the centre of Bourne, meaning everything feels within easy reach.
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.
Surrounded by 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.
It is also perfectly placed for access to nearby Stamford and Peterborough for more shopping and entertainment options with a direct service to London King's Cross from Peterborough taking approx. 47 minutes. While the A15 and A1 are both easily accessible making travel to Stamford, Peterborough, Grantham and Lincoln all within an hour.
Alongside this, a range of local leisure facilities, including a swimming pool, fitness centre and sports clubs, make it easy to stay active and entertained. Whether it’s school runs, weekend activities or meeting friends in local cafés and restaurants, everything feels close to hand, creating a place where families can truly feel at home.
For more information, please register or contact our Sales Consultant who will be delighted in helping you find your new home.
2 & 3 Bedroom Houses Financial Breakdown:
• Full Market Value: £200,000 - £235,000
• 50% Share Value: £100,000 - £117,500
• 5% Deposit of 50%: £5,125 - £5,875
• Rent on unowned share: £229 - £269 per month
• Service Charge: £74- £86 per month
• Council Tax Band: Tbc*
Key Features:
• Local amenities within walking distance
• Surrounded by green open spaces and ponds
• Just 6 minutes drive to the shops, bars and restaurants of the market town of Bourne
• Easily accessible for local road and rail connections and direct access to London via Peterborough in 47 minutes
• Rich mix of woodland, parkland and wetlands within easy reach
• Family-friendly with a good selection of schools, nurseries and community facilities
• Two allocated parking spaces
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
Surround yourself with nature
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.
ELIGIBILITY CRITERIA:
To be eligible for a home at Elsea Park, you'll need to:
• Have a combined household income under £80,000 per annum
• Not already own a property, or part of a property, at the time of completing on your purchase
• Be unable to purchase a suitable home to meet your housing needs on the open market
• Have a minimum of £5,000 to cover the costs of buying a home
• Nomination criteria may apply - please speak to our Sales Consultant for further details
If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.
*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 of house styles from the previous phase houses.
Example Shared ownership share price options
The following table shows examples of the share price range of this development at various share points
| Share | Lower price | Upper price |
|---|---|---|
| 50% share | £100,000 | £117,500 |
| 55% share | £110,000 | £129,250 |
| 60% share | £120,000 | £141,000 |
| 65% share | £130,000 | £152,750 |
| 70% share | £140,000 | £164,500 |
| 75% share | £150,000 | £176,250 |
Are we missing any purchase information? Contact the developer
Please note: Computer generated images are for illustrative purposes only. Images may include optional upgrades at additional cost. Its purpose is to give a feel for the development, not an accurate description of each property. External materials, finishes, landscaping and the position of garages (where provided), may vary throughout the development. Properties may also be built handed (mirror image). Please ask for further details.
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