1 bedroom apartment for sale
Podd Street, IG11 0EZ
Share percentage 25%, full price £272,500, £3,406 Min Deposit.
Share percentage 25%, full price £272,500, £3,406 Min Deposit
Monthly Cost: £1,031
Rent £468,
Service charge £193,
Mortgage £370*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
Monthly costs from just £1,009^. Short walk to Barking Riverside station, for the Suffragette line, & Barking Riverside pier for Uber Boat services. New amenities inc...
Description
Reserve a selected Shared Ownership home between 1 September - 11 October with £99 reservation fee, plus enjoy additional exclusive offers*
Frost House - Plot 147Ready to move into 1 bedroom ground floor apartment with monthly costs from £1,009^. Open plan living space leading to private terrace. Integrated appliances and flooring included. Access to landscaped podium garden, resident's only gym, co-working space hub, concierge service and post room. Short walk to Barking Riverside Overground station for Suffragette line services to central London. Uber Boat operating daily services from Barking Riverside pier.
- Full Market Value: £272,500
- Shared Value (25%): £68,125
- Minimum deposit: £3,406
- Required income: £37,846
- Rent PCM: £468^
- Service Charge PCM: £192.77^
- Council tax band: TBC
- Please note parking is not available with this plot
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.
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%.
^Total monthly outgoing guide based on 5% deposit on a 30 year mortgage term at 5% interest rate. Rent value of £468 pcm on unsold share. Mortgage value of £347 pcm on 25% share. Service charge value of £192.77pcm. Mortgage Broker will confirm figures case by case.
L&Q terms and conditions apply. *Incentive terms and conditions apply. Offer is available on selected Shared Ownership properties only. Incentive amount is based on the property type and development. For full terms and conditions visit href="https://lqhomes.com/terms-and-conditions/">https://lqhomes.com/terms-and-conditions/. Shared Ownership terms and conditions apply. Prices start from £68,125 for a 25% share of a 1 bedroom apartment at L&Q at Barking Riverside. Full market value of £272,500. Please visit href="https://lqhomes.com/shared-ownership/">lqhomes.com/sharedownership for more information.
Key Features
- Receive £1,500 towards your buying costs*
- Ready to move into
- Bedroom with fitted wardrobe
- Integrated appliances
- Private terrace
- Resident's gym
- Co-working space
- On-site concierge and post room
- 22 minutes to central London from Barking Riverside Overground station
- Daily Uber Boat by Thames Clipper services from Barking Riverside pier
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No - Garage
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 £272,500, £3,406 Min Deposit. Calculated using a representative rate of 4.78%
