Weavers Quarter

2 bedroom homes in Mast Streert, Barking, Barking and Dagenham, IG11 7FY

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £88,500 for 30% share
Full price from £295,000
Min deposit from £8,850
Monthly rent from £473
Service charge from £120
Bedrooms 2
Bathrooms 1
Pets No

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

Viewings Now Available!

Over 85% sold and selling fast!

Become part of Barking’s exciting future at Weavers Quarter.
A modern selection of 2 bedroom homes available and selling now.

Shared Ownership homes at Weavers Quarter are available to applicants who live or work pan London and Essex. However, we will prioritise applicants living or working in the London Borough of Barking and Dagenham.

Please note Weavers Quarter is a car-free development.  This means that no parking will be available to purchasers.  If you do have a car, you will not be able to part it within or near the development.

Please also note, that as the development is located in Barking Town Centre, there is no free street parking available.

Please consider this before you register your interest in the development.

Please note that the Marketing Suite is open Thursday-Monday 10am - 5pm and Sunday, 10am - 4pm.  Viewing by appointment only.

Local area information

L&Q’s Weavers Quarter is a joint venture development with the London Borough of Barking and Dagenham. Available through Shared Ownership, Weavers Quarter has released its last and final phase of two-bedroom apartments. 

Offering you an abundance of local amenities on your doorstep and conveniently well connected, Barking station is within walking distance of the development, which provides several services into London via the Underground, Overground, and C2C rail links, connecting you to the City of London in 15 minutes

Status Plot No. Floor Beds Min share price Eligibility
Available A1 502 5 2 £88,500 View details
Available A1 505 Fifth 2 £88,500 View details
Available A1 508 Fifth 2 £88,500 View details
Available A2 312 Second 2 £89,250 View details
Available A2 208 Second 2 £89,250 View details
Available A2 308 Third 2 £89,250 View details
Available D1 204 Second 2 £89,250 View details
Available D1 205 Second 2 £89,250 View details
Available A2 304 Third 2 £89,250 View details
Available A2 405 Fourth 2 £90,000 View details
Available A2 403 Fourth 2 £90,000 View details
Available A2 502 Fifth 2 £90,000 View details
Available D1 303 Third 2 £89,250 View details
Available A2 402 Fourth 2 £90,000 View details
Reserved A1 407 Fourth 2 £87,750 View details
Reserved A2 212 Second 2 £89,250 View details
Reserved A2 303 Third 2 £89,250 View details
Reserved A2 205 Second 2 £89,250 View details
Reserved A2 503 Fifth 2 £90,000 View details
Reserved A2 504 Fifth 2 £90,000 View details
Reserved A1 708 Seven 2 £90,000 View details
View More

FAQ's

Min share price from: £88,500 for a 30% share
Full price from: £295,000
Minimum deposit from: £8,850
Monthly rent from: £473
Bedrooms: 2
Bathrooms: 1

There are 14 available ranging from £88,500 for a 30% share to £90,000 for a 30% 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.

No, but 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

Check eligibility

Check your eligibility against the cheapest plot at this development. Alternatively, qualify yourself against your preferred plot listed on the ‘Availability’ table.

Weavers Quarter

2 bedroom homes in Mast Streert, Barking, Barking and Dagenham, IG11 7FY

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £88,500 for 30% share
Full price from £295,000
Min deposit from £8,850
Monthly rent from £473
Service charge from £120
Bedrooms 2
Bathrooms 1
Pets No

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