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£148,500
Walking distance to Barking Station - C2C/underground
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
SHARED OWNERSHIP
Full market value - £330,000
You pay (45%) - £148,500
Monthly Rent - £533.78
Monthly Service Charge - £236.81
Annual Ground Rent - £ 175
125 year lease commenced in February 2016 (125 years remaining)
EWS1 Certification is available for this property - A2 rating
The front door of this second floor apartment opens into a large hallway perfect for a home office area. There is also plenty of storage including a utility cupboard and walk-in store. Find two double bedrooms, one facing north east and the other south-west. The large open plan living area includes a modern high gloss kitchen with integrated appliances. A generous family bathroom completes the accommodation.
Barking Station is just a 10-minute walk. Travel into the City or Canary Wharf in less than 20 minutes by tube. The A406 and A13 are within a few minutes' drive for road links to the M11, M25 and wider motorway network. There are several bus stops on London Road providing services within the area.
Everything you need is within a 15-minute walk. East Street is home to bustling cafes, bars and restaurants and a range of independent shops and local street markets offer fresh produce. For a wider choice of groceries and household goods, Tesco, Asda and Lidl are a short walk away. For cultural enthusiasts, enjoy outdoor classical concerts in the ruins of Barking Abbey, or catch the latest blockbuster at the Showcase Cinema.
Westfield Stratford City and its array of high street and designer shops is a short train journey away. The open green spaces, sports facilities and riverside promenades at the Queen Elizabeth Olympic Park are also well worth a visit.
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 £53,881. 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 of 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 at May 2026.
