Shared Ownership
This spacious home is available to buy from as little as £72,500 with a 25% share!
A well-proportioned two-bedroom second-floor apartment offering approximately 581 sq ft of accommodation, situated in a convenient Hackney Wick location. The property features a generous separate reception room alongside a fitted kitchen, providing a practical separation between the main living and cooking spaces.
The accommodation includes two well-sized double bedrooms, a family bathroom and useful built-in storage. The reception room benefits from plenty of space for both living and dining furniture, while the two similarly proportioned bedrooms provide a versatile and balanced layout.
Shalbourne Square is well positioned for everything Hackney Wick and East London have to offer, with Hackney Wick Overground station approximately 0.4 miles away and several bus stops within a short walk. The property is also conveniently placed for Victoria Park, Queen Elizabeth Olympic Park and the independent cafés, restaurants and amenities of Hackney Wick, with Stratford and Westfield also within easy reach.
PRICING & AFFORDABILITY
Full Market Value: £290,000
25% Share Price: £72,500 (rent £752.76pcm)
Minimum 5% Mortgage Deposit (25% share): £3,625
Approximate Service Charges: £193.07pcm*
Lease: 105 YEARS
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £290,000 and a purchaser would not need to meet the eligibility criteria listed above.
