Full Market Value
£290,000
Share Value(55%)
£159,500
Monthly Rent
£262
Service Charge
£435
Minimum Income
£47,789
Shared ownership
Full market value – £290,000
You pay (55%) - £159,500
Monthly rent – £262.47
Monthly service charge - £434.78 (heating, hot water and cold water are included in service charge)
Annual ground rent - N/A
150 year lease commenced March 2006 - 134 years remaining
EWS1 certification is available for this property (B1 rating)
Situated on Barking Town Quay, Benedicts Wharf offers a waterside oasis in the midst of an urban area and is within 5 miles of City Airport. Barking Station is within 0.5 miles with access to C2C Railway Services and London Overground. Additionally, District, Circle and Hammersmith & City Line trains all run through Barking Station.
Barking Town Centre offers a range of shops and restaurants and Gallions Reach Shopping Park offers a broad selection of shops.
The buyer will require a deposit to obtain a mortgage for this property.
To meet affordability for this property we require as a guideline, a minimum household income of £47,789. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note; 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 the property for 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 at August 2021.