Full Market Value
£250,000
Share Value(25%)
£62,500
Monthly Rent
£436
Service Charge
£181
Minimum Income
£32,683
Shared ownership
Full market value – £250,000
You pay (25%) - £62,500
Monthly rent – £435.71
Service charge - £180.91
Ground rent payable - £100.00
125 year lease commenced in March 2017 (121 years remaining)
This apartment is located on the award winning Barking Rioverside development. Minutes away, the EL1 and EL2 links you directly to Dagenham Dock and Barking station. As part of the areas redevelopment, Barking Riverside Station is due to open in 2021. Just a 7 minute walk from home this London Overground extension will make it easier for residents to reach the City, as well as other major tube lines, including the Hammersmith & City line.
Greatfields Park is just ten minutes by car, offering over 5 hectares of open space and a number of sports opportunities. The National Trust’s Eastbury Manor House offers tranquil gardens to explore with a striking backdrop, just eleven minutes by car. Ripple Nature Reserve, just a five minute drive, has over 10 hectares of woodland and grassland areas to explore, which provide habitats for various wildlife. Closer to home, this riverside location has a pedestrian footpath for refreshing strolls along the river.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £32,683. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of April 2021.