Share Price £230,000 (from 40% Min. Share)

Full Value £575,000 | £23,000 Min. Deposit

Scheme: Shared Ownership Resales

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3 bedroom apartment in Hackney

place Gallery House, 15 Hackney Grove, E8 3NR

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One Housing Group

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40% Share Price: £230,000 - Modern 3 bed apartment in the heart of Hackney


Eligibility

Eligibility Criteria

· Household income must not exceed £80,000 (outside of London) or £90,000 (in London)

· Must pass the One Housing financial assessment (done after receiving the application, which can only be submitted after viewing the property)

· No cash buyers

· No pets

· Applicants must be able to afford their purchase, and sustain their housing costs

· Applicants are primarily expected to be first time buyers, though some applicants who own or have previously owned a home may be eligible, including existing shared owners

· Applicants must be unable to purchase a property suitable to meet their needs on the open market

· Priority will be given to Armed Forces personnel (serving military personnel and former members of the British Armed Forces discharged in the last 2 years) and then on a first come first serve basis

Please be advised that if all applicants meet the criteria above the property will be offered on a first come first serve basis, this means that the first eligible applicant who submits an application will be nominated as the buyer.


Description

40% Share Price: £230,000

Full Market Value: £575,000

Monthly Rent: £579.18

Monthly Service Charges: £297.38

A rare opportunity to purchase a light, bright and spacious 3 bed in the heart of Hackney Central. Just a stone’s throw from vibrant and highly desirable London Fields while benefiting from a peaceful, set-back location. This shared ownership property is offered chain free.

Boasting well-proportioned rooms, with floor-to-ceiling south-west facing windows, this modern, top (fourth) floor apartment comprises a large living room, kitchen, 3 bedrooms, large family bathroom, cloakroom and extensive storage making it ideal for young professionals or growing families.

With an abundance of London’s leading restaurants, cafes, shops and parks on your doorstep, there’s also excellent transport links to The City (8 mins to Liverpool Street) and Central London (30 mins to Oxford Circus). Ofsted outstanding nurseries, primary and secondary schools are all within walking distance.


Key Features

  • Highly sought after location near to London Fields and Broadway Market
  • 3 good sized bedrooms
  • Oak flooring
  • Extensive storage
  • Fitted Zanussi appliances, including brand new washer-dryer
  • Secure bicycle storage

Download Documents

Link to the floor plan
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Calculate Monthly Cost

Share price
£ 230,000
Min. £230,000
Share percentage
Min. 40%
Your deposit
Min. £23,000
Monthly cost*
£1,867
Cost breakdown
£579
Rent
£297
Service charge
£991
Mortgage*
Calculated using a representative rate of 3.09%
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One Housing Group

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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.