Texryte House
1 bedroom homes in Islington, Hackney, N1 3GN
| Tenure |
Shared ownership What is Shared ownership? |
| Availability | Available |
| Min share price from | £106,250 for 25% share |
| Full price from | £425,000 |
| Min deposit from | £10,625 |
| 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 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.
| Status | Plot No. | Floor | Beds | Min share price | Eligibility |
|---|---|---|---|---|---|
| Available | 45 | Ninth | 1 | £106,250 | View details |
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.
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.
Texryte House
1 bedroom homes in Islington, Hackney, N1 3GN
| Tenure |
Shared ownership What is Shared ownership? |
| Availability | Available |
| Min share price from | £106,250 for 25% share |
| Full price from | £425,000 |
| Min deposit from | £10,625 |
| 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.
Housing Provider
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