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)

Marcon Place, 1 bed homes


Hackney, Hackney, E8 1LP

Shared ownership

Starting prices

35% share from
£131,250
Full price
£375,000
Minimum deposit
£13,125

Overview

The Marcon Place property is a purpose built first floor flat in a four storey block built in around 2008. The lease remaining on the property is 116 years.


Local area information

There are good transport links with Hackney Downs Station less than a 2 minute walk away, served by National Rail linking to Liverpool Street in 10 minutes and Hackney Central Station 0.3 miles away linking to Highbury and Islington in 6 minutes. Local buses serve the area linking to Tottenham Court Road 24/7.

Local amenities are located 0.2 miles away along Amhurst Road as well as 0.3 miles along Mare Street for a range of shops, restaurants and bars. For leisure and enjoyment, Hackney Downs Park is within 0.4 miles.

Nearest Station: Hackney Downs – London Overground (Zone 2).

Bus routes nearby: Bus routes 30 & 56 from Hackney Downs Dalston Lane and bus routes 38, 48, 55, 106, 242, 253, 254, N38, N55 & N253 from Pembury Circus.


Plot availability

Plot number 5
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 35%
Minimum share price £131,250
Full market price £375,000
Monthly rent £362
Monthly service charge £156

Entrance: Hallway with large storage cupboard and video entry phone system leading to…

Living Room: (5.19m x 2.85m) lounge and dining area. Fully carpeted.

Kitchen: (2.23m x 2.83m) Light wood base and wall units with dark granite effect worktop and tiled splashback. Integrated oven, hob and extractor fan. Space for fridge freezer and washer/dryer. Lino flooring.

Bedroom: (3.93m x 4.75m) fully carpeted.

Bathroom: White suite comprising panelled bath with shower over, WC and hand washbasin. Full height tiling around the bath. Towel rail. Lino flooring.

Outside: Bike Storage.


FAQ's

Min share price from: £131,250 for a 35% share
Full price from: £375,000
Minimum deposit from: £13,125
Monthly rent from: £362
Bedrooms: 1
Bathrooms: 1

There is only one available priced at £131,250 for a 35% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Family Mosaic
Shared ownership

Starting prices

35% share from
£131,250
Full price
£375,000
Minimum deposit
£13,125