With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

To reflect the current property prices in London, the upper limit for the equity loan gives new home-buyers within Greater London from 20% to 40%.

Barking Riverside - Townhouses, 4 bed homes


Northgate Road, Barking, Barking and Dagenham, IG11 0DS

Help to Buy

Starting prices

Full price
£550,000
Minimum deposit
£27,500
Government loan up to
40%

Overview

100% reserved, new phase coming soon

Barking Riverside will become a brand new town in East London, this selection of the Parklands Phase by L&Q will be available through the Government Help to Buy scheme.

Choose from a range of four bedroom townhouses, all benefiting from a contemporary specification. A typical home will comprise a fully-fitted kitchen, with space for dining, leading out to a private garden. The ground floor also benefits from a separate study area. The living room is situated on the first floor, along with a bedroom and a family bathroom. There are two further bedrooms on the second floor, both fitted with an en suite shower room. An impressive master suite on the top floor includes an en suite bathroom and walk-in dressing room. All houses located on Harebell Terrace benefit from parking.

 


Local area information

Barking Riverside lies beside 2km of beautiful South-facing River Thames frontage, covering 443 acres which will eventually include 10,800 new homes of mixed size and style. There is also provision for 65,000 square metres of commercial floor space for shopping, restaurants, cafés, community and leisure facilities. The Parklands phase will feature open green spaces as well as an Ecology Centre due to open summer 2019.

London’s only district to adopt the NHS Healthy New Town initiative, Barking Riverside is set to incorporate a wide range of health measures, such as an on-site GP surgery, designed to help the residents to live longer, healthier, happier lives. A key element of the initiative is the network of cycle routes, located along the river and through every stage of the development.

Barking Riverside Station will open in 2021 and is part of the £263 million extension to London Overground. Once up and running, residents will be able to reach central London in just 22 minutes. Regular bus services currently run to and from Barking town centre’s train and tube lines. Dagenham Dock Station is within easy reach offering regular services to London Fenchurch Street in 24 minutes. Limited parking will be available across the Parklands phase, residents will also have access to an Enterprise Car Club service.

The Borough of Barking and Dagenham has been named the second fastest area for rising house prices in London. In February 2018 it was reported that there was 4.4% annual increase in property prices*

 

*UK house Price Index February 2018


Plot availability

Plot number 259
Tenure Help to Buy
Availability Coming soon
Bathrooms 3
Full market price £0
Government loan up to 40%
Maximum government loan £0
Ownership Leasehold

Housing Provider

L&Q London
Help to Buy

Starting prices

Full price
£550,000
Minimum deposit
£27,500
Government loan up to
40%