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Barking Road, London, E16 1GQ

  • 1 Bedroom
  • 30% share available
  • Viewing first come first serve Call 0203 815 1234 to book your appointment.

One bedroom second floor flat, in the London Borough of Newham available to buy through Shared Ownership. Full market value £375,000. 30% share available, share price £112,500.

Monthly fees
Monthly Mortgage*: £598.06
Monthly Rent: £350.58
NHHO Service Charge*: £151.40
Notting Hill Administration Fee: £13.50
Council Tax: £80.66


Estimated Total (per month): £1,113.54 excluding council tax

*Estimate :The monthly mortgage is based on an interest rate of 4.99 % with a capital and interest repayment over 25 years. It is based on a 90% mortgage The rent may increase each year, the increase calculation will be specified in the lease.

£112,500 (30% share price of £375,000)

Key Features

  • Balcony
  • Communal garden with water feature
  • Living area with floor-to-ceiling windows and glass double doors
  • Open plan living area and dining kitchen with natural light

Ground floor
Lobby area with lift access and stairs.

Floor
Second Floor

External
Balcony to the flat, communal garden with water feature

GIA
49square metres as per RICS valuation

Accessibility rating
D – Easy access

EPC rating
B

Length of lease
94

Borough
Newham

Download floorplan

Eligibility

You will need to be earning a guidance income of at least £40,128. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £11,250. Total approximate savings required £15,250

Important borough specific eligibility criteria

All in London can apply

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.

Details correct as at 09/04/2018

Prices

Number of Beds 1
Full market price £375,000
Ownership 30% share available
Rent £350.580000 pcm
Status Available Now
This development is provided by Notting Hill Sales
this development is provided by Notting Hill Sales

Notting Hill Sales is the trading name of Notting Hill Home Ownership and related companies.

Location and local area

Local Transport

Underground & DLR
Canning Town Station – 270m