2 bedroom apartment for sale
Barking Riverside - Norris Apartments - Plot 138, Barking, IG11 0ZB
Share percentage 25%, full price £362,500, £4,531 Min Deposit.
Share percentage 25%, full price £362,500, £4,531 Min Deposit
Monthly Cost: £1,392
Rent £623,
Service charge £264,
Mortgage £505*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
Ready to move into. Open plan living space, integrated appliances, en-suite master bedroom with fitted wardrobe. New development amenities including resident's gym, concierge. podium garden.
Description
Reserve a selected Shared Ownership home between 1 April - 10 May with a £99 reservation fee, plus receive up to £2,000 towards your buying costs*
Norris Apartments - Plot 138
2 bedroom, 2 bathroom 3rd floor apartment offering 74 sq.m of internal floor area with outdoor space. Ready to move into. Available with just 5% deposit.
- Full Market Value: £362,500
- Shared Value (25%): £90,625
- Minimum deposit: £4,531
- Required income: £52,889
- Rent PCM: £623
- Service Charge PCM: £263.56
- Council tax band: TBC
Please note parking is not available with this apartment
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 the Riverside 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!
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%.
*Offer available on selected properties and subject to availability. Incentive terms and conditions apply. For more information visit lqhomes.com/terms-and-conditions
L&Q terms and conditions apply. *Incentive terms and conditions apply. Offer is available on selected Shared Ownership properties only. Incentive amount is based on the property type and development. For full terms and conditions visit https://lqhomes.com/terms-and-conditions/. Shared Ownership terms and conditions apply. Prices start from £68,125 for a 25% share of a 1 bedroom apartment at L&Q at Barking Riverside. Full market value of £272,500. Please visit lqhomes.com/sharedownership for more information.
Key Features
- Reserve a selected Shared Ownership home between 1 April - 10 May with a £99 reservation fee, plus receive up to £2,000 towards your buying costs*
- Available with 5% deposit & ready to move into
- Integrated appliances
- En-suite master bedroom with fitted wardrobe
- Private balcony
- Residents gym
- Co-working space
- On-site concierge
- Reach City of London in just 22 minutes via the new Barking Riverside Overground station
- Uber Boat by Thames Clippers daily services from Barking Pier
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 5.03%
