Marcon Place

1 bedroom homes in Hackney, Hackney, E8 1LP

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £131,250 for 35% share
Full price from £375,000
Min deposit from £13,125
Bedrooms 1
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

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.

Status Plot No. Floor Beds Min share price Eligibility
Available 5 First 1 £131,250 View details

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.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Marcon Place

1 bedroom homes in Hackney, Hackney, E8 1LP

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £131,250 for 35% share
Full price from £375,000
Min deposit from £13,125
Bedrooms 1
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes