Share Price £105,625 (from 25% Min. Share)

Full Value £422,500 | £5,281 Min. Deposit

Scheme: Shared Ownership

check_circle Available now

Lock No.19 - 1 bed apartment in Tower Hamlets

place Plot 00.07, Bream Street, Fish Island, E3 2NN

Budget Calculator
Calculate monthly cost help
Sign in to Register Your Interest mail
favorite_outline Save Property

Lock No.19 offers a 1 bedroom apartment at £105,625 available with Shared Ownership located in Hackney Wick!


Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £90,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.

Description

Plot 00.07

1 Bed Ground Floor Apartment

Available to purchase with Shared Ownership, buyers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.

£105,625 for a 25% share of £422,500 and a deposit as low as £5,281and a minimum income of £52,118.

Please download our attached brochure for specification details, plus view our pricelist to check availability.

Lock No.19
The apartment interiors are light, comfortable and cleanly designed with each apartment offering everything you need, whilst remaining a blank canvas waiting for you to make it your very own home. With selective views over the world class Queen Elizabeth Olympic Park and Stratford, living at Lock No.19 provides a unique opportunity to be right in the heart of London's newest creative quarter, putting you in an exciting location with popular hang outs on your doorstep.

Dimensions
Living/Kitchen/Dining Room 6.4mx3.4m 20'12" x 11'2"
Bedroom 4.3mx3.3m 14'1"x10'10"
Balcony 3.2mx2.1m 10'6"x6'11"
Garden 8.3mx2.0m 27'3"x6'7"

Hackney Wick Connections
Lock No.19 is in a trendy Zone 2 location, within walking distance to Hackney Wick Overground station, Pudding Mill Lane DLR station and Stratford Station. Fish Island is well known for its independent cafes, breweries and warehouse pop up Island's friendly vibe and artistic scene puts you in an area that has it all.

Viewings
For those who would like to and are able to visit us, the Show Home is now open on an appointment-only basis, with extra measures in place to ensure your wellbeing. Please call us to book your appointment. If you would prefer to speak to our Sales Team from your own home, they are still on hand and can conduct appointments via phone, email and by virtual tour. We are taking extra precautions to ensure the health and wellbeing of our customers, staff and members of the public.

What is Shared Ownership?

Under the Shared Ownership scheme you part-own and part-rent your home, making it possible for first-time buyers and families to get on the property ladder.
The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. As your income rises, you can increase the share you own until you eventually own 100%.
The minimum income required for a 1 bedroom apartment is £44,000
The minimum income required for a 2 bedroom apartment is £58,000
The minimum income required for a 3 bedroom apartment is £67,000
*Household incomes are based on joint applications. Single applications are able to apply but may need to increase their deposit contribution to meet shared ownership affordability requirements.

*Terms and conditions apply


Key Features

  • Open plan living / dining
  • Outdoor space
  • Desirable specification
  • Residents landscaped garden
  • Close to Hackney Wick station
  • Close to Queen Elizabeth Olympic Park
  • Reach Camden Road in under 20 minutes
  • Reach London Liverpool Street in under 30 minutes

Download Documents

Link to the floor plan Property brochure 1

Budget Calculator
arrow_backwards Back to Lock No.19 - 1 bed apartment in Tower Hamlets

Calculate Monthly Cost

Share price
£ 105,625
Min. £105,625
Share percentage
Min. 25%
Your deposit
Min. £5,281
Monthly cost*
£1,353
Cost breakdown
£660
Rent
£183
Service charge
£510
Mortgage*
Calculated using a representative rate of 3.64%
help

Sign in to Register Your Interest mail
favorite_outline Save Property

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.