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£68,125
Receive £1,500* towards buying costs. Monthly costs from £1,056^. Ready to move into, modern open plan living space with integrated appliances and private balcony. Master...
Open plan living space leading to private balcony. Integrated appliances and flooring included. 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.
- Full Market Value: £272,500
- Shared Value (25%): £68,125
- Minimum deposit (5%): £3,406
- Required income: £39,861
- Rent PCM: £468^
- Service Charge PCM: £240.02^
- Council tax band: TBC
Please note parking is not available with this plot
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%.
^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 £240.02 PCM. Mortgage Broker will confirm figures case by case.
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