Upton Gardens

1 - 3 bedroom homes in Priory Road, London, Newham, E13 9AX

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £81,250 for 25% share
Full price from £325,000
Min deposit from £8,125
Monthly rent from £559
Service charge from £128
Bedrooms 1-3
Bathrooms 1 - 3
Pets TBC

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

Upton Gardens – Affordable Housing Options, is a scheme provided by Future NewHomes. The scheme will offer brand new homes available to purchase through Shared Ownership in Barking or to rent.

The properties at Upton Gardens are finished to a high standard, and all benefit from fully fitted kitchens, appliances, carpets to bedrooms, laminate flooring to living spaces and hallways and private outside space.

*Please note eligibility criteria will apply.

Local area information

With West Ham United F.C now settled in their new home at Queen Elizabeth Olympic Park, we are working hard to ensure the historic roots of Upton Park’s Boleyn Ground are not only retained, but also help to create a better place to live for existing and new residents. With access to fantastic transport links, whilst being surrounded by green spaces, Upton Gardens will offer the perfect work/life balance, and a perfect place to call home. Located on Green Street, residents of Upton Gardens will be able to explore the independent shops showcasing products from across the world – the street is quite the tourist attraction. Queen’s Market is also four minutes away, a covered food street market which attracts London’s food enthusiasts.

Status Plot No. Floor Beds Min share price Eligibility
Available 143 4th 1 £81,250 View details
Available 186 8th 2 £99,750 View details
Available 105 1st 3 £122,500 View details

FAQ's

Min share price from: £81,250 for a 25% share
Full price from: £325,000
Minimum deposit from: £8,125
Monthly rent from: £559
Bedrooms: 1
Bathrooms: 1

There are 3 available ranging from £81,250 for a 25% share to £122,500 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.

Upton Gardens

1 - 3 bedroom homes in Priory Road, London, Newham, E13 9AX

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £81,250 for 25% share
Full price from £325,000
Min deposit from £8,125
Monthly rent from £559
Service charge from £128
Bedrooms 1-3
Bathrooms 1 - 3
Pets TBC

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