Share Price £60,250 (from 25% Min. Share)

Full Value £241,000 | £3,013 Min. Deposit

Scheme: Shared Ownership

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Barking Riverside - 1 bed apartment in Barking and Dagenham

place plot 56, Newman House, 5 Newman House, IG11 0ZB

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A new development covering an impressive 443 acres, alongside 2km of beautiful south-facing River Thames frontage. Available through Shared Ownership


Eligibility

We will prioritise those who live and/or work in the London Borough of Barking and Dagenham


Description

1 & 2 bedroom Shared Ownership apartments now available

Buy your first home in Barking Riverside, East London
One of the most exciting placemaking projects in Europe, Barking Riverside will transform a former industrial site along the River Thames into a new London district that everyone can be proud of. Set on a 179ha site, alongside 2km of south facing Thames river frontage, the area is growing to become a vibrant neighbourhood of over 10,000 homes. Barking Riverside is a joint venture between L&Q and the Mayor of London.

Your future at Barking Riverside

Barking Riverside lies beside 2km of beautiful South-facing River Thames frontage, covering 443 acres which will eventually include 10,800 new homes of mixed size and style. There is also provision for 65,000 square metres of commercial floor space for shopping, restaurants, cafés, community and leisure facilities. The Parklands phase will feature open green spaces as well as an Ecology Centre.

Barking Riverside is set to incorporate a wide range of health measures, such as an on-site GP surgery, designed to help the residents to live longer, healthier, happier lives. A key element of the initiative is the network of cycle routes, located along the river and through every stage of the development.

Barking Riverside lies beside two kilometres of beautiful river Thames frontage. Its close proximity to Barking Town centre, the City of London, Canary Wharf and the beautiful Essex countryside makes it the perfect location.

Barking Riverside station will open in 2021, residents will be able to reach central London in just 22 minutes. Regular bus services currently run to and from Barking town centre’s train and tube lines. Dagenham Dock station is within easy reach offering regular services to London Fenchurch Street in 24 minutes. Residents will also have access to an Enterprise Car Club service.


Key Features

  • Set alongside 2km of stunning Thames River frontage
  • Thames Clippers is extending its river bus RB1 route to Barking Riverside, with the new pier expected to open in the winter of 2021
  • 4.5km extension to Barking Riverside, from the Tilbury Loop line between Barking and Dagenham Dock stations
  • Home to Riverside Primary school with excellent results
  • Home to a network of cycle and walk paths
  • Envac waste disposal system

Download Documents

Property brochure 1 Property price list

Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 60,250
Min. £60,250
Share percentage
Min. 25%
Your deposit
Min. £3,013
Monthly cost*
£883
Cost breakdown
£414
Rent
£178
Service charge
£291
Mortgage*
Calculated using a representative rate of 3.64%
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.