Barking Riverside - Rhodes, Hayhill and Lottage Mansions

1 - 3 bedroom homes in Northgate Road, Barking, Barking and Dagenham, IG11 0DS

Tenure Shared ownership
What is Shared ownership?
Availability Available
Min share price from £60,625 for 25% share
Full price from £242,500
Min deposit from £6,063
Monthly rent from £417
Service charge from £177
Bedrooms 1-3
Bathrooms 1 - 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

L&Q are proud to present a collection of 1, 2 and 3 bedroom Shared Ownership apartments within the Parklands Phase of Barking Riverside, a brand new neighbourhood situated alongside the River Thames. Available to reserve off-plan now.

Barking Riverside will become a brand new town in East London, the first selection of the Parklands Phase by L&Q will be available through Shared Ownership in Barking.

The homes will be a mix of 1, 2 and 3 bedroom apartments with contemporary specifications. A typical home will comprise a bright and modern open-plan reception with a fully fitted kitchen and dining area. 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.  

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.

Status Plot No. Floor Beds Min share price Eligibility
Available 280 First 1 £60,625 View details
Available 219 1 1 £60,625 View details
Available 222 1 1 £60,625 View details
Available 283 1 1 £60,625 View details
Available 227 2 1 £61,250 View details
Available 291 2 1 £61,250 View details
Available 171 Second 1 £61,250 View details
Available 179 Third 1 £61,875 View details
Available 296 3 1 £61,875 View details
Available 299 3 1 £61,875 View details
Available 287 Second 2 £71,875 View details
Available 295 3 2 £72,500 View details
Available 300 3 2 £72,500 View details
Reserved 288 2 1 £61,250 View details
Reserved 292 2 2 £71,875 View details
View More

FAQ's

Min share price from: £60,625 for a 25% share
Full price from: £242,500
Minimum deposit from: £6,063
Monthly rent from: £417
Bedrooms: 1
Bathrooms: 1

There are 13 available ranging from £60,625 for a 25% share to £72,500 for a 25% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Barking Riverside - Rhodes, Hayhill and Lottage Mansions

1 - 3 bedroom homes in Northgate Road, Barking, Barking and Dagenham, IG11 0DS

Tenure Shared ownership
What is Shared ownership?
Availability Available
Min share price from £60,625 for 25% share
Full price from £242,500
Min deposit from £6,063
Monthly rent from £417
Service charge from £177
Bedrooms 1-3
Bathrooms 1 - 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes