Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.
Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.
Read more about Shared ownership (Opens in new window)
Barking Riverside, 3 bed homes
New phase coming soon!
Barking Riverside is growing to become a brand new town in East London, this selection of the Parklands Phase by L&Q will be available through Shared Ownership in Barking.
The apartments benefit from ample natural light via the floor-to-ceiling windows that lead to outside space; a garden on the ground floor and balcony or terrace on the upper levels.
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 25 minutes. Limited parking will be available across the Parklands phase, residents will also have access to an Enterprise Car Club service.
Please note, following recent government advice, we have temporarily closed our sales and marketing suite. Our Sales Team are still on hand and will be able to offer virtual tours and give you more information on our developments via phone or email.
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
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.