Share Price £105,625 (from 25% Min. Share)
Full Value £422,500 | £5,281 Min. Deposit
Scheme: Shared Ownershipcheck_circle Available now
Lock No.19 - 1 bed apartment in Tower Hamlets
place Plot 00.07, Bream Street, Fish Island, E3 2NN
Lock No.19 offers a 1 bedroom apartment at £105,625 available with Shared Ownership located in Hackney Wick!
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.
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.
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.
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.
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
- 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