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£157,500
To be eligible for shared ownership with Hackney Sales, you must be able to answer YES to the following questions:
- Are you at least 18 years of age?
- Is your annual gross household income less than £90,000?
- Are you a first time buyer, i.e. you don’t already own a home? If you do already own a home, have you accepted an offer from a buyer and in the process of selling it?
- Are you unable to afford to buy a home suitable for your housing needs on the open market? If you are not sure, you can speak to an independent mortgage advisor
- Are your current mortgage or rent payments up to date?
- Do you have a good credit history (no bad debts or County Court Judgements), and can you afford the regular payments and cost involved in buying and running a home?
- Do you have savings or are you able to easily access at least £4,000 to cover the costs of buying a home? This is a guideline figure, and the actual amount you need will depend on a number of factors
- Do you have enough savings or are you able to access a minimum 10% of the equity share you are buying, as a mortgage deposit? Or do you have the cash funds available to buy the share without a mortgage?
2 bed apartment in Hackney, E9
We are pleased to release this spacious two bedroom apartment, located on the third floor and offering 70sqm (753 sqft) of living space with two double bedrooms, a family sized bathroom and open plan kitchen/living/dining space.
The layout has been carefully considered and the apartment includes:
- Utility cupboard
- Open plan kitchen/living/dining room
- West facing private balcony
The property also benefits from access to an open green communal space and bike store.
Bridge House is located on Homerton High Street, with a variety of eateries and entertainment venues, such as the Hackney Empire and Hackney Picturehouse close by.
Also within walking distance are Victoria Park, Hackney Marshes, Olympic Park and Westfield Shopping Centre. The development offers good transport links with Homerton and Hackney Central stations less than 10 minutes walk away.
Affordability criteria
To be considered, you will need a minimum household income of £74,500.
This is based on the full market value of £525,000 at a 30% share. Service charge per month is £314.25 and the rent per month is £950.42.
All applicants will need to undergo a complimentary affordability assessment prior to booking a viewing.
Transport links
6 minutes walk to Homerton Station
10 minutes walk to Hackney Central Station
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.