If you are unable to buy a property outright on the open market, then Shared Ownership could be the ideal solution for you. It is a part-buy, part-rent scheme, which enables purchasers to buy an initial share of usually between 25% and 75% the value of the property and pay a subsidised rent on the remainder. A service charge may also be payable to cover the cost of communal maintenance. Shared Ownership properties are designed as a stepping stone to completely owning your own home, allowing you to buy as much as you can afford when you can afford it.

A resale is a Shared Ownership property that the current owner bought new from us or as a resale. Buying a resale property makes you an owner-occupier because you are buying at least the current owner's share on the existing lease. The great thing about choosing to buy a re-sale shared ownership property is that it gives you the opportunity to speak to the previous owner and to find out more about the area.

A bright and airy, one bedroom apartment located on the second floor of this converted building. The accommodation comprises; hallway, reception room, kitchen, bedroom and bathroom. This gated development benefits from having an entry-phone system and secure bicycle parking.

Property Value: £456,000
Minimum Share: 50%
Share Value: £228,000
Lease Term - 153 years (approx.)
Rent pcm - £214.76
Service charge pcm - £115.24
Gross internal area: 515 sq.ft / 48 sq.m approx.
EPC Rating: B
Council Tax Band: C

The area is well served by a variety of local shops and cafes. Hackney Downs Overground Train Station is located only some 100m walk away from the property with many bus routes providing easy access to and from Liverpool Street/ the City and London’s West End.