Princes Close, Hackney, London

About This Home

A bright, well-presented one-bedroom ground-floor flat in a modern purpose-built block, completed around 2012 and in excellent condition throughout. Quietly positioned within a surprisingly tranquil gated courtyard in one of North London's most connected and sought-after neighbourhoods, this is a genuinely peaceful home with exceptional transport links on the doorstep.

The flat offers approximately 52m² of well-considered space, comprising a large entrance hall, open-plan lounge, fitted kitchen, double bedroom, and full bathroom suite. A private west-facing terrace at the front of the property — an afternoon sun trap perfectly suited to unwinding after work. The bedroom window faces east, bathed in morning light. Private entrance. Full gas central heating. Double-glazed aluminium windows throughout.

The large entrance hall has previously functioned as a dedicated home office space with a console desk — a flexible and practical feature well-suited to hybrid working. Doorways and hallways are wheelchair accessible throughout.

Total floor area: approx. 52m² (GIA) / 47m² (EPC).

The Numbers — Full Transparency

Full market value
£375,000
Share being sold
40%
Share purchase price
£150,000
Monthly rent (on remaining 60%)
£511.05 per month
Monthly management fee
£334.33 per month
Estimated total monthly cost*
~£1,500 –£1,650 per month
No stamp duty


* Estimated total includes an indicative mortgage repayment on £150,000 at current rates (subject to your deposit and lender). Comparable private market rent for a one-bedroom flat in N4 typically exceeds £1,800–£2,200 pcm.

Rent review: Annually, calculated at RPI + 0.5%.

You can purchase a larger share at the point of sale if your financial assessment supports it, reducing your monthly rent accordingly. You can staircase up to 100% ownership over time.

Lease & Tenure

Tenure
Leasehold — Shared Ownership
Lease term remaining- 85 years
Housing Association- Paradigm Homes Charitable Housing Association Ltd
At 100% ownership - Headlease transfers to you
Minimum share - 40%
Maximum share- Up to 100%

Buyer Eligibility — Please Read Before Enquiring

To be eligible for this property, all of the following must apply:

• Household income of £90,000 or less per year
• Unable to afford to purchase a suitable home outright on the open market
• First-time buyer, previously owned but currently unable to buy, or an existing shared owner looking to move
• Property must be your primary residence
• No current property ownership at point of completion (or existing home sold simultaneously)
• Must pass a financial affordability assessment with Paradigm Housing

Buyers will be assessed and approved by Paradigm Housing before a sale can proceed. Please factor this into your timeline when making enquiries.

Council Tax & Energy Performance

Council Tax Band- C
Local Authority- London Borough of Hackney
EPC Rating- C (score 78) — current
EPC Valid Until- 30 January 2035
Estimated Annual Energy Cost- Approximately £446
Heating- Community gas central heating scheme
Environmental Impact Rating- B

Transport — Exceptionally Well Connected

The transport links here are genuinely exceptional — one of the strongest arguments for N4 over almost anywhere else in Zone 2.

• Manor House station (Piccadilly line, Zone 2) — 2 minutes’ walk from the front door. Direct to King’s Cross in 6 minutes, Green Park in 15, Heathrow in under an hour.
• Finsbury Park station — 11 minutes’ walk. Victoria line direct to Oxford Circus in 12 minutes. Piccadilly line direct to the West End and Heathrow. Thameslink National Rail direct to City Thameslink (the City of London), plus direct services to Heathrow, Gatwick, Cambridge and Brighton.
• Night Tube: both the Victoria and Piccadilly lines run through the night on weekends — perfect for late nights in the West End or City without the taxi cost.
• Night buses: frequent night bus services run along Seven Sisters Road, keeping you connected around the clock.
• Extensive daytime bus connections across N4 from multiple nearby stops.

The Neighbourhood — Best of Both Worlds

Princes Close sits on a remarkable street with open green space at both ends and some of London's best independent neighbourhoods within easy walking distance.

• West Reservoir and Woodberry Wetlands — a tranquil nature reserve at the eastern end of the road.
• Finsbury Park — one of London's great Victorian parks — at the western end.
• Castle Climbing Gym, West Reservoir outdoor swimming, and Clissold Park — all within a 10-minute walk.
• Stoke Newington Church Street — 20 minutes' walk east. One of London's best strips of independent cafés, restaurants, and bookshops.
• Stroud Green Road — 20 minutes' walk west. Equally beloved for its neighbourhood feel and independent scene. Sunday market at Stroud Green Primary

The Sale Process — How This Works

This is a private resale directly from the current shared owner. An independent RICS valuation was carried out in April 2026, confirming the full market value of £375,000 — this figure is fixed and cannot be negotiated, as required under shared ownership scheme rules.

Once you have confirmed interest and eligibility, Paradigm Housing will carry out an affordability assessment and approve your application before any sale is agreed. Both parties will need to instruct solicitors with shared ownership conveyancing experience.

A Memorandum of Sale will be issued to both parties' solicitors once a buyer is approved.