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)

The Boundary, 2 bed homes


Lea Bridge Road, Hackney, Hackney, E5 9SQ

Shared ownership

Starting prices

25% share from
£151,250
Full price
£605,000
Minimum deposit
£7,562
Monthly rent
£945
Monthly service charge
£150

Overview

Last two properties remaining

The Boundary is a small collection of twenty high quality apartments in the popular Clapton area of Hackney. Two of these 2-bed stylish homes is available on a shared ownership basis, giving an affordable opportunity to buy in a great area.
 


Local area information

The apartments face up Lea Bridge Road to take advantage of the lovely views across Millfields Park next door or just a 9 minute walk to the Hackney Downes. Setting up home here will give you a chance to be part of welcoming, close-knit community. But with great travel links on hand it’ll be easy to reach neighbouring areas and the rest of London.

There are plenty of green spaces to relax in locally. Millfields Park is right next to The Boundary with lovely avenues, wide, open fields and a cricket pitch. The River Lea runs behind the park and you can walk beside this to get to Springfield Park with its pond and children’s adventure playground. Hackney Downs has plenty of walking trails and tennis courts and is just a 10-minute walk away, and the much larger Victoria Park is around 22 minutes on the bus.


Plot availability

Plot number 16
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £146,250
Full market price £585,000
Monthly rent £914
Monthly service charge £150
Ownership Leasehold

KITCHEN

 - Magnet Studio white gloss kitchen units
 - Magnet Everest worktop and upstands
 - Magnet Sparta sink
 - Magnet Neptune taps
 - Integrated stainless steel electric fan-assisted oven
 - Gas hob with brushed stainless steel splashback
 - Magnet stainless steel chimney-style extractor hood
 - Full-sized fridge freezer with silver finish
 - Condensing washer/drier with silver finish
 - Space for dishwasher or tumble drier to be fitted in the future
 - Laminate vinyl wood flooring
 - Track light fittings and task lighting under wall units

BATHROOM

 - White bathroom suite
 - Glass shower screen over bath
 - Thermostatic shower
 - Hand basin with chrome-plated mixer tap
 - Feature mirror over basin
 - Hand basin with chromeplated mixer tap
 - Feature mirror over basin
 - Glass feature shelf
 - Stainless steel towel holder and toilet roll holder
 - Shaver point and shaver light
 - Ceramic floor and wall tiles
 - LED downlights

GENERAL

 - Carpet in the bedroom(s) and on the stairs
 - Flush internal doors with light oak veneer and brushed stainless steel ironmongery
 - Door entry phone
 - Smoke detector
 - Heat detector
 

Plot number 18
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £147,500
Full market price £590,000
Monthly rent £922
Monthly service charge £150
Ownership Leasehold

KITCHEN

 - Magnet Studio white gloss kitchen units
 - Magnet Everest worktop and upstands
 - Magnet Sparta sink
 - Magnet Neptune taps
 - Integrated stainless steel electric fan-assisted oven
 - Gas hob with brushed stainless steel splashback
 - Magnet stainless steel chimney-style extractor hood
 - Full-sized fridge freezer with silver finish
 - Condensing washer/drier with silver finish
 - Space for dishwasher or tumble drier to be fitted in the future
 - Laminate vinyl wood flooring
 - Track light fittings and task lighting under wall units

BATHROOM

 - White bathroom suite
 - Glass shower screen over bath
 - Thermostatic shower
 - Hand basin with chrome-plated mixer tap
 - Feature mirror over basin
 - Hand basin with chromeplated mixer tap
 - Feature mirror over basin
 - Glass feature shelf
 - Stainless steel towel holder and toilet roll holder
 - Shaver point and shaver light
 - Ceramic floor and wall tiles
 - LED downlights

GENERAL

 - Carpet in the bedroom(s) and on the stairs
 - Flush internal doors with light oak veneer and brushed stainless steel ironmongery
 - Door entry phone
 - Smoke detector
 - Heat detector
 


FAQ's

Min share price from: £146,250 for a 25% share
Full price from: £585,000
Minimum deposit from: £7,562
Monthly rent from: £914
Bedrooms: 2
Bathrooms: 1

There are 2 available ranging from £146,250 for a 25% share to £147,500 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

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Shared ownership

Starting prices

25% share from
£151,250
Full price
£605,000
Minimum deposit
£7,562
Monthly rent
£945
Monthly service charge
£150