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)

Texryte House, 1 bed homes


Islington, Hackney, N1 3GN

Shared ownership

Starting prices

25% share from
£106,250
Full price
£425,000
Minimum deposit
£10,625

Overview

The property comprises a purpose built ninth floor flat in a 12 storey block of approximately 100 flats with lift facility, built circa 8 years ago. The remaining lease on the property is 117 years.


Local area information

There are good transport links with Haggerston Station 0.6 miles away, served by Overground linking to Highbury & Islington in 8 minutes. Old Street station 0.9 miles away for the Northern Line, linking to Oxford Circus in just 16 minutes.

A great selection of amenities is located on Southgate Road, with a restaurant, pub and café. For leisure and enjoyment, the Britannia Leisure Centre, with a fitness centre, swimming pool, outdoor tennis and squash court facilities, is within 0.3 miles.

Nearest Tube Station: Old Street (Zone 1).

Nearest Station: Haggerston (Zone 2) – Overground

Bus routes nearby: Bus routes 76, 141 & 21 from Southgate Road and bus route 271 from New North Road.


Plot availability

Plot number 45
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £106,250
Full market price £425,000
Monthly rent £211
Monthly service charge £158

Entrance: Wide hallway with video entry phone system leading to…

Living Room: (4.38m x 3.10m) Spacious lounge with access to balcony. Beige carpet.

Kitchen: (3.00m x 1.00m) Wood effect base and wall units with black worktop and tiled splashback. Integrated oven, hob and extractor fan. Space for fridge freezer, washer/dryer and dishwasher. Vinyl flooring.

Bedroom: (3.90m x 2.90m) Window to rear aspect. Beige carpet.

Bathroom: White suite comprising panelled bath with shower over, WC with shelving above and hand washbasin with mirror over. Full height tiling around the bath. Vinyl flooring.

Outside: Private balcony.


FAQ's

Min share price from: £106,250 for a 25% share
Full price from: £425,000
Minimum deposit from: £10,625
Monthly rent from: £211
Bedrooms: 1
Bathrooms: 1

There is only one available priced at £106,250 for a 25% 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

25% share from
£106,250
Full price
£425,000
Minimum deposit
£10,625