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

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.”