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)

Royal Mint Street, 1 bed homes


Royal Mint Street, London, Tower Hamlets, E1 8LG

Shared ownership

Starting prices

60% share from
£268,800
Full price
£448,000
Monthly service charge
£62

Overview

Key Features

One bedroom third floor flat
Contemporary design
Communal grounds
Electric heating
Lift and entryphone
One allocated secure parking space
Close to local amenities in Tower Hill, London
 
Full Description

A one bedroom third floor flat located in Tower Hill available through Shared Ownership.
Available for £268,800 for 60% share based on the marketing figure of £448,000.

SO Resi Monthly Payment - £0
Monthly Service Charge - £62.42
Total Monthly Charge - £62.42 PLUS MORTGAGE REQUIRED FOR 60% SHARE

The accommodation of the property briefly comprises entrance hall, living room, kitchen, bedroom and bathroom with WC on the third floor. Access to the block is via a communal entrance hall and staircases. There is also a lift service.

The flat is connected with mains drainage, electricity and water but there is no apparent gas supply. Space heating is provided by wall fitted electric panel heaters which appear to be original to the block and hot water via what appears to be an original electric immersion heater attached to the hot water cylinder.

EPC Rating

Energy Rating Band - C
Environmental Impact Band - D

All room dimensions approximate.

Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.


Local area information

The property is located close to local amenities; schools, various gyms and large Waitrose supermarket all within a 5 minute walk from the property, bars , restaurants, rivers and other amenities nearby.

The area is well-served by transport links; only 2 minutes away from Tower Hill and Tower Gateway Stations,with many bus routes 42,78, RV1,100, 15 to name a few and Santander cycle hire.


Housing Provider

SO Resi
Shared ownership

Starting prices

60% share from
£268,800
Full price
£448,000
Monthly service charge
£62