£240,000

This bright and well-presented one bedroom flat is now available in Hackney for Shared Ownership.

The property is situated on the first floor of a four-storey building. The flat comprises an entrance hallway with integrated storage, a fitted kitchen and living room area, a bedroom and a bathroom.

Perfect for singles or couples.

Available for £240,000 for 60% share based on the marketing figure of £400,000.

Monthly rent - £259.18
Monthly Service Charge - £178.98
Total Monthly Charge - £438.16 plus mortgage required for 60% share.

On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.

An annual rent increase takes place every April

The property is located in the London Borough of Hackney, in a mixed commercial and residential area on the City Fringe. It sits approximately 1.3 miles north of Liverpool Street and the 'Square Mile'.

Haggerston Overground Station is just 0.3 miles away, offering direct links to the City of London, with several bus routes running along Kingsland Road for additional transport options.

Everyday essentials are close by - a range of supermarkets can be reached within a 5-7 minute walk. Also, a short 6 minute walk takes you to a modern leisure centre with a gym and swimming pool, as well as Shoreditch Park, a large green space perfect for fresh air and outdoor activities.

Energy rating band - B

Environmental impact band - B

Years remaining on lease: 107

In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by SO Resi and MTVH

You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.