£126,500

Bright and modern one-bedroom apartment now available in Barking through Shared Ownership.

The property features an entrance hallway, a private balcony, a kitchen, one bedroom, and one bathroom.

This home has been created by Home Group, a registered housing provider in the UK. SO Resi is acting on behalf of Home Group to bring this property to the market.

There will be charges payable to the landlord upon completion. Please enquire for further information.

Available for £126,500 for 55% share based on the marketing figure of £230,000.

Monthly rent - £240.34
Monthly Service Charge - £201.19
Total Monthly Charge - £441.53 plus mortgage required for 55% share.

An annual rent increase takes place every April

Prioress House is ideally located on Loxford Road in Barking, offering convenient access to a variety of local amenities. Within a 10-minute walk, residents can reach Barking Town Centre, home to major supermarkets and retail shops.

Fitness enthusiasts will appreciate nearby local gyms while Barking Park just a 12-minute walk away, provides green space for outdoor activities. Healthcare needs are well served with Barking Hospital and several GP practices within a 5–10 minute drive.

Barking Station is just a short 7-minute walk from the property. The station offers District Line, Hammersmith & City Line, London Overground, and c2c services, making commuting into Central London quick and easy—Liverpool Street and Fenchurch Street stations are reachable in approximately 25 minutes. Multiple bus routes also operate nearby, enhancing connectivity across East London.

Energy rating band - C

Environmental rating band - A

Years remaining on lease: 114

In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by SO Resi and MTVH

You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.