2 bedroom apartment for sale
Barking Riverside - Norris Apartments - Plot 127, Barking, IG11 0ZB
Share percentage 25%, full price £375,500, £9,388 Min Deposit.
Share percentage 25%, full price £375,500, £9,388 Min Deposit.
Monthly Cost: £1,372
Rent £649,
Service charge £249,
Mortgage £474*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Open plan living and kitchen area integrated appliances & flooring included. En-suite master bedroom with fitted wardrobe.
Description
Norris Apartments - Plot 127
2 bedroom, 2 bathroom ground floor apartment offering 71.3 sq.m of internal floor area with outdoor space.
Ready to move into. Available with just 5% deposit.
Contact a member of our sales team now to view our new show home.
Full Market Value: £377,500
Shared Value (25%): £94,375
Minimum deposit: £4,719
Required income: £48,331
Rent PCM: £649
Service Charge PCM: £249.19
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!
Key Features
- Ready to move into
- En-suite master bedroom with fitted wardrobe
- Integrated appliances
- Private terrace
- Reach City of London in just 22 minutes via the new Barking Riverside Overground station
- Resident's gym
- Uber Boat by Thames Clippers is now running services to central London from new Barking Riverside Pier
- Resident's co-working space
- On-site concierge
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
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 £375,500, £9,388 Min Deposit. Calculated using a representative rate of 4.59%
