Saw Mill Way

3 bedroom homes in Hackney, Hackney, N16 6AN

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £252,000 for 35% share
Full price from £720,000
Min deposit from £25,200
Bedrooms 3
Bathrooms 2
Parking 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 Saw Mill Way property is a terraced house within a modern development built in around 2013. It benefits from a communal bike storage, flower bed front garden and private allocated parking space. The lease remaining on the property is 121 years.

Local area information

There are good transport links with Stamford Hill & South Tottenham stations 0.7 miles away, served by London Overground linking to Liverpool Street in 25 minutes. Local buses serve the area and the night buses links to Oxford Circus.

A variety of independent food stores are located right outside of the development with larger superstores located 0.6 miles away along Stamford Hill. For Leisure and enjoyment, green spaces such as Springfield Park, Markfield Park, the River Lea and Walthamstow Marshes are a short distance away.

Nearest Station: Stamford Hill Station & South Tottenham Station – Overground (Zone 3).

Bus routes nearby: Route 318 from Grovelands Road and Route 67, 76, 149, 349, 476 & N73 from St Ann’s High Road.

Status Plot No. Floor Beds Min share price Eligibility
Available 5 N/A 3 £252,000 View details

FAQ's

Min share price from: £252,000 for a 35% share
Full price from: £720,000
Minimum deposit from: £25,200
Monthly rent from: £703
Bedrooms: 3
Bathrooms: 2

There is only one available priced at £252,000 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.

Saw Mill Way

3 bedroom homes in Hackney, Hackney, N16 6AN

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £252,000 for 35% share
Full price from £720,000
Min deposit from £25,200
Bedrooms 3
Bathrooms 2
Parking 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