2 bedroom apartment for sale
Plot 124 - Collett Mansions, Northgate Road, IG11 0AB
Share percentage 25%, full price £362,500, £4,531 Min Deposit.
Share percentage 25%, full price £362,500, £4,531 Min Deposit.
Monthly Cost: £1,353
Rent £623,
Service charge £214,
Mortgage £516*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
2 bedroom, 2 bathroom apartment with balcony/terrace. Benefit from fantastic amenities including a gym, concierge and ‘Outstanding’ rated Riverside Campus School within the development.
Description
Reserve a new L&Q home between the 1st - 31st July to receive up to £1,500 towards your moving costs and an Uber Clipper voucher.*
Collett Mansions - Plot 124
2 bedroom 5th floor apartment offering 77.7 sq.m of internal floor area with outdoor space. Contact a member of our sales team now to view our new show home.
Full Market Value: £362,500
Shared Value (25%): £90,625
Minimum deposit: £4,531
Required income: £45,878
Rent PCM: £623
Service Charge PCM: £214.20
Council tax band: TBC
What is Shared Ownership?
Under the Shared Ownership scheme you part-own and part-rent your home, making it
possible for first-time buyers and families to get on the property ladder. The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. Over time, you can increase the share you own until you eventually own 100%.
Barking Riverside SO
A landmark development for London along the banks of the River Thames. Barking Riverside is a joint venture between L&Q and The Mayor of London, and is one of Europe's largest brownfield developments, covering an impressive 443 acres, alongside 2km of beautiful south-facing River Thames frontage.
Fielders Quarter at Barking Riverside offers a collection of Shared Ownership homes with modern interiors. Residents can stay active and healthy with the convenience of an on-site gym, ensuring fitness is easily incorporated into daily routines. The presence of a dedicated concierge service adds a touch of luxury, providing assistance and enhancing the overall living experience. Additionally, the inclusion of a collaborative working space within the block speaks to the development's commitment to fostering a dynamic community.
Barking Riverside embodies a contemporary lifestyle, making it an ideal choice for those seeking a modern and well-rounded living experience. With theRiverside Campus School recently awarded "Outstanding" rating also within the development, the neighbourhood is the perfect family-friendly environment for your new home.
Contact a member of our sales team today to find out more or book a viewing!
*Incentive terms and conditions apply. Offer is available on selected Shared Ownership properties only. For full terms and conditions visit lqhomes.com/terms-and-conditions. July 2024.
Key Features
- Private balcony/terrace
- Residents gym
- Co-working space
- On-site concierge
- Reach City of London in just 22 minutes via the new Barking Riverside Overground station, now open
- Uber Boat by Thames Clippers is now running services to central London from new Barking Riverside Pier
- Riverside Campus School recently awarded “Outstanding” rating
- Coffee shop and events space within development
- CO-OP open now
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £362,500, £4,531 Min Deposit. Calculated using a representative rate of 5.26%
