2 bedroom apartment for sale

Under Offer

Plot 90 - Collett Mansions, IG11 0AB

£88,125 · Shared Ownership New Build

Share percentage 25%, full price £352,500, £4,406 Min Deposit.

Under Offer
2 bedrooms
2 Bathrooms
Private Balcony/Terrace
Receive up to £1,500 towards your buying costs.* Reserve by 30th June
Floor plan
floor-plan
Floor plan
floor-plan
£88,125 Shared Ownership New Build

Share percentage 25%, full price £352,500, £4,406 Min Deposit.

Monthly Cost: £1,393
Rent £606, Service charge £285, Mortgage £502*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

£
Summary

2 bedroom, 2 bathroom apartment boasting 72.1 sq.m. with balcony/terrace. Benefit from fantastic amenities including a gym and ‘Outstanding’ rated Riverside Campus School within the development.

Description

Reserve a new L&Q home between the 1st - 30th June to receive up to £1,500 towards your buying costs and Uber Clipper voucher.*

Collett Mansions - Plot 90

2 bedroom 1st floor apartment offering 72.10 sq.m of internal floor area with outdoor space. Contact a member of our sales team now to view our new show home.

Full Market Value: £352,500

Shared Value (25%): £88,125

Minimum deposit: £4,406

Required income: £46,653

Rent PCM: £606

Service Charge: £284.70

Council tax band: TBC

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%.

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 theRiverside 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!

*Incentive terms and conditions apply. Offer is available on selected Shared Ownership properties only. The buying cost will be paid by way of deduction from monies due at completion of the purchase. For full terms and conditions visitlqhomes.com/offers.Subject to using a broker and solicitor from L&Q's panel. *Shared Ownership terms and conditions apply. Prices start from £65,625 for a 25% share of a 1 bedroom apartment at L&Q at Beam Park. Full market value of £262,500. Please visitlqhomes.com/shared-ownershipfor more information.June2024.

Key Features
  • Private balcony/terrace
  • En suite to bedroom 1
  • Residents gym
  • Co-working space
  • On-site concierge
  • Reach City of London in just 22 minutes via the new Barking Riverside Overground station, now open
  • Uber Boat by Thames Clippers is now running services to central London from new Barking Riverside Pier
  • Riverside Campus School recently awarded “Outstanding” rating
  • New CO-OP open now
Particulars

Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Barking Riverside (0.48 miles) Dagenham Dock (0.88 miles) Becontree (1.04 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£88,125
Shared Ownership New Build
Estimated Monthly Cost:£1,393
Rent £606
Service Charge £285
Mortgage £502

Share percentage 25%, full price £352,500, £4,406 Min Deposit. Calculated using a representative rate of 5.26%


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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.