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I was born there too in 1962  I agree there is not a lot written about it at all. I am also in touch with a lovely lady who was born there a few weeks after me, her name is Karen Brazil and she has written a wonderful book about her adoption from there.
Unbelievably, I still live in Victoria Park Road And St Margarets is no longer there, but one thing am pretty sure of is that it was a  Nursing home for the terminally ill, but that there were just 2 beds used for mothers to have their babies there (Paid privately for) and then to have them adopted. And that these were private adoptions.  That’s why the files are so small.   I think mostly unmarried mothers from Ireland. 

I was born in St Margarets in Feb 1962, I actually live in Victoria Park road now, right near the sight of the hostel. I have been trying to find out information about it, but to no avail really. Hackney council had my birth records, I had to have an interview etc beforehand. My adoption papers made it quite clear my birth mother didn't want me to ever contact her and that was fine, as I am truly truly blessed  with the family that adopted me. I really just wanted to find out a bit about the hostel as it all seems so shrouded in secrecy.
I should have asked my Mum more when she was alive and she would have happily told me. I think so anyway.