1 bedroom apartment for sale
Hayhill Mansions, IG11 0YD
Share percentage 25%, full price £270,000, £6,750 Min Deposit.
Share percentage 25%, full price £270,000, £6,750 Min Deposit
Monthly Cost: £1,061
Rent £513,
Service charge £207,
Mortgage £341*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Well presented modern apartment at Barking Riverside
Description
SHARED OWNERSHIP
Full Market Value - £270,000
You pay (25%) - £67,500
Monthly rent - £513.48
Service charge - £206.84
Ground rent payable - £tbc
Council Tax Band- B
125 year lease commenced in November 2017 - 117 years remaining
EWS1 Certification is available - B1 rating
The entrance to this apartment leads into a spacious hallway, within which are located two large storage cupboards. To your left is a an open plan living area leading to a private balcony. The kitchen is fitted with high gloss units and includes integrated appliances. A well proportioned double bedroom benefits from in-built storage and the accomodation is completed by a contemporary family bathroom.
Barking Riverside 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 £40,141. If you are offered the property, 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 our schemes. If you are not registered please visit our website 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 March 2025
Key Features
- Great transport links
- Close To Parklands, Shops And Schools
- Good storage
- Integrated appliances
Particulars
Tenure: Leasehold
Lease Length: 117 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: Yes - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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.
Share percentage 25%, full price £270,000, £6,750 Min Deposit. Calculated using a representative rate of 4.59%
