3 bedroom apartment for sale
Barking Riverside - Frost House - Plot 148, Barking, IG11 0ZB
Share percentage 25%, full price £435,000, £5,438 Min Deposit.
Share percentage 25%, full price £435,000, £5,438 Min Deposit
Monthly Cost: £1,677
Rent £748,
Service charge £323,
Mortgage £606*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
NEW RELEASE. Ready to move into. Modern open plan living space, integrated appliances and private terrace. En-suite master bedroom with fitted wardrobe. New amenities including gym.
Description
Frost House - Plot 148
3-bedroom apartment ready to move into. Open plan living space leading to private terrace. Integrated appliances and flooring included. En-suite master bedroom with fitted wardrobe. Access to landscaped podium garden, resident's only gym, co-working space hub and concierge service. Short walk to Barking Riverside station for the Suffragette line services to central London, and Uber Boat operating daily from the pier. Close to Riverside Campus with nursery, primary and Ofsted "Outstanding" secondary school. Parking available.
Full Market Value: £435,000
Shared Value (25%): £108,750
Minimum deposit (5%): £5,438
Required income: £67,534
Rent PCM: £748
Service Charge PCM: £322.99
Council tax band: TBC
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 the Riverside Campus School recently awarded "Outstanding" rating also within the development, the neighbourhood is the perfect family-friendly environment for your new home.
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%.
Key Features
- Parking available
- Ready to move into
- En-suite master bedroom with fitted wardrobe
- Integrated appliances
- Private terrace
- Short walk to Riverside Campus - with nursery, primary & secondary school
- Residents gym
- On-site concierge
- Short walk to Barking Riverside station for the Suffragette line
- Daily Uber Boat services from Barking Riverside Pie
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: Yes - Communal Garden
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 £435,000, £5,438 Min Deposit. Calculated using a representative rate of 5.03%
