Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Ceylon House - Seventh Floor, 1 bed homes


70 Alie Street, London, Tower Hamlets, E1 8PZ

Shared ownership

Starting prices

25% share from
£157,500
Full price
£630,000
Minimum deposit
£15,750
Monthly rent
£802
Monthly service charge
£120

Overview

The property located on the seventh floor comprises:

  • Entrance: Hallway with utility room and video entry phone system leading to…
  • Living Room (7.61m x 3.39m): Spacious lounge with door to balcony, storage cupboardand double glazed windows leading to modern open plan kitchen. White oak laminate flooring.
  • Kitchen: Off-white base and wall units with granite worktop and stainless-steel back splash. Integrated appliances; stainless steel oven, hob, extractor fan and full height fridge-freezer. White oak laminate flooring.
  • Bedroom (4.51m x 3.78m): Double Bedroom with a spacious fitted wardrobe and door to balcony. Woolmix carpeted flooring.
  • Bathroom(2.7m x 2.1m): Grey suite comprising panelled bath with shower over, WC and hand washbasin with wall sized mirror. Full height tiling. Heated towel rail. Tiled flooring.
  • Outside: Two large balconies (2.7m x 2.1m, each), communal garden and secured cycle storage.

Local area information

Ceylon House property is a one-bed, purpose built flat. The property is situated on the seventh floor of an eight-storey apartment block with lift access, built around 2016. Conveniently located on the City fringe, the lease remaining on the property is 122 years.

There are great transport links with East Aldgate and AldgateUnderground Stations 0.3 miles away, served by Circle, Metropolitan, District and Hammersmith& City lines, and linking to Central Londoninless than20 minutes.

Shopping facilities are close by on Leman Street and Commercial Rd. less than 0.2 miles away. Aldgate, Whitechapel and Brick Lane Market all offer a wealth of bars, restaurants and clubs. For more leisure and enjoyment,Whitechapel Gallery iswithin 0.2 miles.

  • Nearest Tube station: Aldgate East& Aldgate - 0.3 miles
  • Nearest Station:Fenchurch Street Station - National Rail.
  • Bus Routes: 25, 205, 254, N25, N253

Housing Provider

Peabody
Shared ownership

Starting prices

25% share from
£157,500
Full price
£630,000
Minimum deposit
£15,750
Monthly rent
£802
Monthly service charge
£120