£87,500

This bright, cosy, well decorated two bedroom apartment is now available in Barking though Shared Ownership.

The property on the sixth floor comprises an entrance hall with storage, a spacious living room with a open plan kitchen, two good sized bedrooms (one en-suite) and a bathroom.

Outside, there is a private balcony and communal areas. Perfect for couples, singles or small families.

Available for £87,500 for 25% share based on the marketing figure of £350,000.

Monthly rent - £805.44
Monthly Service Charge - £285.50
Total Monthly Charge - £1,090.94 plus mortgage required for 25% share.

On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.

An annual rent increase takes place every April

The property is set in a mixed‑use area in the heart of Barking, offering easy access to local shops, leisure facilities and everyday amenities.

Public transport is close by, with the nearest bus stop and Barking Station only a 3 minute walk away. The station provides Underground, Overground and National Rail services, making commuting simple and convenient.

A large supermarket is just 5 minutes away on foot, and the town centre is also within walking distance. Here you’ll find a wide range of retail stores, restaurants, cafés, gyms and other leisure options. Abbey Green is only a 7 minute walk and provides a lovely open space for outdoor activities.

In addition, there are several schools nearby that can be reached by foot or a short bus ride, which makes this an excellent location for families with young children.

Energy rating band - B

Environmental impact band - B

Years remaining on lease: 241

In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by SO Resi and MTVH

You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.