‘Pocket homes’ for middle income Hackney people opened in Homerton

Pocket CEO Marc Vlessing, Cllr Sem Moema (the mayor's advisor for private renting and housing afffor

Pocket CEO Marc Vlessing, Cllr Sem Moema (the mayor's advisor for private renting and housing afffordability) and mayor Phil Glanville. - Credit: Archant

A new block of small homes for first-time buyers who live or work in Hackney were unveiled this week in Homerton.

Hackney mayor Phil Glanville was there for the launch of the five-storey development in Rosina Street, Homerton, built by affordable-housing provider Pocket Living for households on “middle incomes” – earning about £44,000 a year.

The 29 one-bed flats, which at £282,000 are 80 per cent of market value, are all 38 sq m in size.

To qualify to buy one, you need to live or work in the borough, earn less than £90,000 and be a first-time buyer.

Of the Rosina Street occupiers, 27 already lived in the Hackney and the other two already worked in the borough.

Speaking after the opening, Mayor Glanville said: “I’m pleased innovative developers like Pocket are helping Londoners trapped in a cycle of spiralling private rents and house prices to find a realistic way of owning.”