Share Price £80,625 (from 25% Min. Share)

Full Value £322,500 | £8,063 Min. Deposit

Scheme: Shared Ownership

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Barking Riverside - 2 bed apartment in Barking and Dagenham

place Plot 10, 10 Fielders Crescent, Barking, IG11 0ZB

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2 bedroom apartment available for £80,625 with Shared Ownership at the award-winning Barking Riverside


Eligibility

You may be eligible for this property if:

  • We will prioritise those who live and/or work in the London Borough of Barking and Dagenham
  • You have a gross household income of no more than £90,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.

Description

Chamberlin Mansion - Apartment 10

2 bedroom ground floor apartment with outdoor space. Contact a member of our sales team now to view our new show home.

£80,625 for a 25% share of £322,500 and a deposit as low as £8,063and a minimum income of £44,930.

Fielders Quarter at Barking Riverside -

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. The master plan will deliver 10,800 new homes, the brand-new Barking Riverside Overground station, as well as commercial, retail and leisure facilities. This pioneering project will incorporate Envac, one of Europe’s largest automated waste disposal systems. New schools, parks and river walkways will all become home to an estimated 30,000 people at this former 1920s power station site. Fielders Quarter has a collection of Shared Ownership homes available at this award-winning development. Offering a variety of layouts and styles, each home will bring together a perfect blend of comfort, architecture and design.

A place to connect -

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 due to open summer 2019.

London’s only district to adopt the NHS Healthy New Town initiative, 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.

Transport -

Reach Fenchurch Street in 15 minutes

Reach Canary Wharf in 18 minutes

Reach Liverpool Street in 22 minutes

Reach Stratford in 21 minutes

Reach London Bridge in 30 minute

Shared Ownership at Fielders Quarter -

We know that buying a home in London - especially if you're a first time buyer - can often seem unachievable. Shared Ownership through L&Q at Fielders Quarter is a way to get on the ladder that’s more affordable than a traditional purchase.

You can buy a 25% - 75% share of your new home. You’ll then pay a mortgage on this and subsidised rent to us on the remaining share. Usually, you need a deposit of just 10% of the value of your share, meaning you can enjoy the stability of homeownership with a much lower upfront cost.

As time goes on and your income rises, you’ll have the option to staircase to increase the amount you own by buying extra shares. During your ownership, you can do this three times, with prices based on the market value of your home at the time, and some fees involved. Eventually, you can own 100% of your home, and no longer pay rent.

Eligibility criteria applies. You must have a maximum household income of £90,000. Please speak with our sales associates for more information.

Viewings -

For those who would like to and are able to visit us, the Show Home is now open on an appointment-only basis, with extra measures in place to ensure your wellbeing. Please call us to book your appointment. If you would prefer to speak to our Sales Team from your own home, they are still on hand and can conduct appointments via phone, email and by virtual tour. *We are taking extra precautions to ensure the health and wellbeing of our customers, staff and members of the public.


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
  • Fully integrated kitchen
  • Outdoor space to every home

Download Documents

Link to the floor plan Property brochure 1

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
£ 80,625
Min. £80,625
Share percentage
Min. 25%
Your deposit
Min. £8,063
Monthly cost*
£1,145
Cost breakdown
£554
Rent
£236
Service charge
£355
Mortgage*
Calculated using a representative rate of 3.29%
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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.