Share Price £166,000 (from 40% Min. Share)

Full Value £415,000 | £16,600 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Hackney

place Gallery House, Hackney Grove, E8 3NR

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One Housing Group

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1 Bedroom Apartment in Hackney


Eligibility

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

A spacious one bedroom second floor apartment comprising a living/dining room, fully fitted kitchen, bedroom, bathroom, three large windows and three generous storage cupboards.Conveniently situated near London Fields and Broadway Market with many transport links including Hackney Central and London Fields stations. Recently fitted wood effect laminateflooring throughout living/dining room, kitchen and hall plus wool twist carpet in bedroom. Gas central heating, double glazing, communal yard and secure bicycle store.

Living/Dining Room - 17'7" x 8'7” with cupboard, radiators, TV and phone point.

Kitchen - 11'11" x 6’5" with built-in electric oven, halogen hob, fridge/freezer, washer/dryer, dishwasher and smoke alarm.

Bedroom - 10'3" x 10'2" with fitted wardrobe and radiator.

Bathroom - 6’6” x 7’11" white suite with bath/shower mixer, sink, WC and heated towel rail.

Hallway - with 2 cupboards, phone point, radiator and smoke alarm.

Video entry phone system.


Key Features

Key features

• Second floor flat, lift access

• Large bright living/dining room

• Fully fitted kitchen

• 5 minute walk to rail stations, large supermarket, London Fields & Broadway Market

• Perfect for first time buyers


Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 166,000
Min. £166,000
Share percentage
Min. 40%
Your deposit
Min. £16,600
Monthly cost*
£1,296
Cost breakdown
£389
Rent
£192
Service charge
£715
Mortgage*
Calculated using a representative rate of 3.09%
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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.