What I Own: We bought a two-bedroom ex-council property in Hackney for £400,000

What I Own - James Barley - Hackney
This week, we’re in Hackney in East London (Picture: Joe Newman)

What I Own

For last week’s sister column, What I Rent, we visited 29-year-old Leila Davis and her wife Fleur in leafy South East London. Since moving in July 2019, they’ve transformed a tiny flat with next to no storage into a colourful dopamine dream, affectionately referred to as Casa de Modelei.

This week, we’re over the river in East London, where 40-year-old James Barley and his 51-year-old partner David own a vibrant two-bedroom flat. Since buying the place in 2019, they’ve slowly made it their own – and now it’s plants and wall prints galore.

Here’s what James had to say about their property situation…

My name’s James: I’m 40, and work as a senior PR publicist and content creator focusing on men’s style, fitness and interiors.

I live in a two-bedroom ex-local authority flat with my partner, David, who’s 51 and a trainee psychotherapist in his final year. We share the flat with 9-year-old French Bulldog, Buster.

We live in Hackney, close to London Fields and Victoria Park. The area has everything we need on our doorstep – great coffee shops, restaurants, parks and the canal for running, as well as a cinema at the top of the road for a lazy date night option.

We moved into the flat in April 2019 after viewing it in the January. As soon as I saw the place, I instantly fell in love with it – David too, but he was a lot more chilled about it and was keen to see other properties to compare.

We bought it for £400,000 which was under our budget, allowing us to start renovations pretty much as soon as we got the keys.

We had a deposit of £40,000 which was made up of savings and some money from an inheritance.

A lot more than it did five years ago that’s for sure! We’ve recently renewed our fixed rate mortgage and seen bills like utilities and service charges increase. In total we’re paying £2,300 a month on mortgage and bills – £1,800 of that is our mortgage payment and £300 is on council tax and service charges. 

The only saving grace is that it’s still cheaper than renting, so we feel very lucky in that respect.

What I Own - James Barley - Hackney
Nothing like a cup of coffee! (Picture: Joe Newman)

I had inheritance from when my dad passed away over 10 years ago and David had savings.

Yes, many mortgage lenders have restrictions on ex-council flats and buildings above four stories which limited our choices, but we had a great advisor who helped us through the application process.

We are with Santander on a five-year fixed rate of 4.69%. Our previous fixed rate recently expired which has meant a huge jump in the cost of the mortgage as interest rates have gone up since we bought the flat.

We had a lot to think about when looking for a new deal, but in the end, we stuck with our current lender and prioritised certainty of housing costs over trying to guess interest rates.

Before buying the flat we rented a one-bedroom newbuild in Dalston. Although it was nice, the walls felt paper thin and rooms were quite small.

For us it made sense to buy while we could – from my experience landlords don’t care too much about the maintenance of their properties as long as they’re getting paid. They really do hold the monopoly over renters, especially in London where they can charge through the roof.

We found it online through an estate agent. We both decided on it being the one we’d like based on the location, space and size. I still think we’re very lucky to be living in zone 2 London in one of the best boroughs in the capital.

We don’t have a car so the transport links were also a big selling point; we can commute to work easily (I walk to Shoreditch on my office days) and can get into Central London by bus or overground in around 40 minutes.

What I Own - James Barley - Hackney
Hi Buster! (Picture: Joe Newman)

The flats were built in 1970 so we always want to give a nod to that period through decor and the colours we choose.

Having grown up in the 70s, David found a familiarity in the mid-century furniture that would have been in his parents’ house and, while I loved that, I am known for being someone who gets bored quite easily and (as David would agree) gets his own way.

I’d say we’ve now met in a sweet spot which is clean minimalism but with interesting things like our Giuseppe Parrinello Penis Vase and plates, and bright artworks like our Studio Lenca Limone portrait.

A lot of the things in our home come from our favourite lifestyle store, Earl of East which stocks beautifully curated selections of independent brands and their own home fragrance products – I think we have a candle from there in every room of the flat!

I know David loves the bedroom for its calming effect but I mostly enjoy the living room. It holds most of our objects, plants and artworks, and in the evening gets the most amazing light.

Yes, for now. The priority when moving in was to utilise the storage so we worked with a great company, Ply Kitchen who built custom wardrobes and did our kitchen. We worked with their in-house architect to get the most out of the available room.

Our niece Rachel is a professional dancer who has recently graduated and will be moving in with us which is exciting. She’s 20 and needs to be in London for auditions. So, this will be a true test of the space.

Sure, there’ll be an adjustment period but we’re so excited to be helping her fulfil her dreams and, in a way, feel like we’re going to be parents – or just very cool ‘Guncles’ [lol].

With Rachel moving in we’ve renovated our second bedroom from a home office (since the pandemic) and dressing room back into a bedroom. We’re planning some further work and have the balcony and internal stairs left to paint – going to go bold with Yes Colours.

Now I’ll no longer have access to the other bedroom to get dressed, we’ve got new custom wardrobes on order from Tylko for the wardrobe storage that I’ll need in our bedroom.

No, we’ve had no problems *touches wood.*

Don’t get too bogged down with how someone else has used the space or decorated. Look at the ceiling as your floor plan to give you an idea of a room’s scope, and get yourself an architect – they don’t cost as much as you think and will really help you understand how to make best use of the space.

Don’t be afraid to invest as much as you can into the things that are long term investments either, like flooring, wardrobes and a kitchen.

I’m pretty sure that eventually we’ll end up in Glasgow near to David’s family but that won’t be for a while.

Shall we take a look around?

What I Own - James Barley - Hackney
Welcome home! (Picture: Joe Newman)

What I Own - James Barley - Hackney
The living room has loads of natural light (Picture: Joe Newman)

What I Own - James Barley - Hackney
Shall we put a record on? (Picture: Joe Newman)

What I Own - James Barley - Hackney
The plants are loving it in here (Picture: Joe Newman)

What I Own - James Barley - Hackney
That sofa looks super comfy! (Picture: Joe Newman)

What I Own - James Barley - Hackney
1970s vibes (Picture: Joe Newman)

What I Own - James Barley - Hackney
These pink kitchen cabinets are gorgeous (Picture: Joe Newman)

What I Own - James Barley - Hackney
Coffee, anyone? (Picture: Joe Newman)

What I Own - James Barley - Hackney
James likes simplicity but David prefers a more retro vibe (Picture: Joe Newman)

What I Own - James Barley - Hackney
We reckon they’ve found a good compromise here (Picture: Joe Newman)

What I Own - James Barley - Hackney
Nigella is always a kitchen essential (Picture: Joe Newman)

What I Own - James Barley - Hackney
Fridge magnets galore (Picture: Joe Newman)

What I Own - James Barley - Hackney
Here’s Buster, looking majestic (Picture: Joe Newman)

What I Own - James Barley - Hackney
Spot the Buster print (Picture: Joe Newman)

What I Own - James Barley - Hackney
An alternative Russian doll (Picture: Joe Newman)

What I Own - James Barley - Hackney
This print is from one of James’s favourite brands (Picture: Joe Newman)

What I Own - James Barley - Hackney
The couple have lots of mementoes of their time together (Picture: Joe Newman)

What I Own - James Barley - Hackney
Even Buster has a bed in here (Picture: Joe Newman)

What I Own - James Barley - Hackney
There are plenty of plants (Picture: Joe Newman)

What I Own - James Barley - Hackney
Need a guide to London? Look no further (Picture: Joe Newman)

What I Own - James Barley - Hackney
Love a light box! (Picture: Joe Newman)

What I Own - James Barley - Hackney
The blue bed from another angle (Picture: Joe Newman)

What I Own - James Barley - Hackney
Some nighttime reading (Picture: Joe Newman)

What I Own - James Barley - Hackney
Big fan of that tiger rug (Picture: Joe Newman)

What I Own - James Barley - Hackney
There’s loads of storage space in the hall (Picture: Joe Newman)

What I Own - James Barley - Hackney
It wouldn’t be London without a pigeon or two (Picture: Joe Newman)

What I Own - James Barley - Hackney
This is a lovely little area (Picture: Joe Newman)

What I Own - James Barley - Hackney
Washing up can be fun, too (Picture: Joe Newman)

What I Own - James Barley - Hackney
The wall art truly makes this flat (Picture: Joe Newman)

What I Own - James Barley - Hackney
Welcome to Hackney (Picture: Joe Newman)

What I Own - James Barley - Hackney
We have some Jessie Ware fans! (Picture: Joe Newman)

What I Own - James Barley - Hackney
The bathroom even has matching towels (Picture: Joe Newman)

What I Own - James Barley - Hackney
Scapegoating pictures (Picture: Joe Newman)

What I Own - James Barley - Hackney
Have you topped up your Oyster? (Picture: Joe Newman)

What I Own - James Barley - Hackney
No, thank you, James and David, for letting us see your home (Picture: Joe Newman)

What I Own - James Barley - Hackney
Another stunning piece of art (Picture: Joe Newman)

What I Own - James Barley - Hackney
Live East, Die Young (Picture: Joe Newman)

What I Own - James Barley - Hackney
There’s even a cute little balcony (Picture: Joe Newman)

What I Own - James Barley - Hackney
More books! (Picture: Joe Newman)

What I Own - James Barley - Hackney
And yet more plants… (Picture: Joe Newman)

What I Own - James Barley - Hackney
Candles and crystals always provide the vibes (Picture: Joe Newman)

What I Own - James Barley - Hackney
Now that’s quite a vase! (Picture: Joe Newman)

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