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£97,500
Three bedroom top floor apartment suit sharers or families
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
SHARED OWNERSHIP
Full Market Value: £390,000
Share Value (25%): £97,500
Monthly Rent: £783.71
Service Charge: £215.42
Council Tax Band: C
125 year lease commenced Nov 2017 - 118 years remaining
EWS1 certification is available for this property - B1 rating
This bright and spacious top floor apartment consists of a stylish open-plan kitchen and living area, flooded with natural light from wide floor-length windows and doors leading to 15 metre private balcony. The kitchen is fitted with high gloss wall and base units, with under-cupboard lighting and incorporatesfully integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. The spacious master bedroom benefits from an en-suite shower room, built-in storage cupboards and its own access to the balcony. In additon there are two further double bedrooms. The contemporary bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof
Barking Riverside has the brightest of futures. It already has state-of-the art rail and river stations. Barking Riverside Pier is now the most eastern stop on the Uber Boat by Thames Clippers' RB1 route. This connects you to the DLR and Elizabeth Line from Woolwich. Barking Riverside overground, a short walk away, gives direct access to Stratford in approx 14 minutes and Liverpool Street in approx 25 mins.
With parklands now open, provision for 65,000 square metres of shopping, restaurants, cafes and community and leisure facilities and healthcare coming soon. The Riverside School has been awarded Ofsted 'outstanding' which makes this area extremely attractive to families.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £53,699. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that 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 a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com 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 of April 2026.
