2 bedroom flat for sale

£81,250 Shared ownership

360 Cambridge Road, Barking, Essex IG11

2 bedroom flat for sale 2 1
Interested in this property? Call +44 20 8115 2937 * or Request Details

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Property description

Kilburn - two bedroom apartment

Plot 13
Full market value: £315,000
25 % share: £78,750
Rent per month: £541
Service charge: £138.66

Plot 1103
Full market value: £315,000
25 % share: £78,750
Rent per month: £541
Service charge: £138.66

Plot 2111
Full market value: £325,000
25 % share: £81,250
Rent per month: £559
Service charge: £111.96

Plot 3119
Full market value: £325,000
25 % share: £81,250
Rent per month: £559
Service charge: £111.96

360 Barking

The 360 shared ownership scheme offers you the chance to buy a share of a modern and spacious apartment and pay rent on the remaining share.

You can use your deposit and a mortgage to buy your share, anything from 35% to 75% of the price, and pay a subsidised rent each month on the remaining share.

You can increase the amount you own up to 100% in the future using a process known as 'Staircasing'.

You can apply for an apartment at 360 Barking using shared ownership if:

1) You do not own a property and have a household income less than £90,000 per annum
2) You agree to have a preliminary discussion with our recommended mortgage advisor to assess your affordibility
3) You have a deposit and are approved for a mortgage by our recommended mortgage advisor
4) You pay a £500 reservation fee, which takes your preferred apartment off the market
5) You provide the details of your chosen solicitor
6) You exchange contracts within 28 days of receipt of contracts by your solicitor, giving you time to raise any questions and finalise your mortgage

Please note your £500 reservation fee goes towards the cost of your apartment, but you will have additional costs such as legal and conveyancing fees.

Property info

Floorplan(s): Floor Plan

Floor Plan View original

Nearby transport

  • Barking (0.1 miles)
  • Barking (0.1 miles)
  • Upney (1.0 mile)
  • London City Airport (2.6 miles)
  • London Heathrow Airport (23.6 miles)
  • London Stansted Airport (24.8 miles)
  • Woolwich Ferry North Pier (3.0 miles)
  • Woolwich Arsenal Pier (3.1 miles)
  • Woolwich Ferry South Pier (3.2 miles)

Nearby schools

View all schools in Barking and Dagenham
  • Northbury Primary School (0.2 miles)
  • St Margarets CofE Primary School (0.3 miles)
  • St Joseph's Catholic Primary School (0.4 miles)
  • Lady Aisha Academy (0.3 miles)
  • Greatfields School (0.6 miles)
  • Little Ilford School (0.9 miles)
  • Eastbury Community School (0.5 miles)
  • Northstar New School (SEN) (0.6 miles)
  • Langdon Academy (0.8 miles)
Note: Distances are straight line measurements
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For more information about this property, please contact
NU Living - 360 Barking Shared Ownership, IG11 on +44 20 8115 2937 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by NU Living - 360 Barking Shared Ownership, and do not constitute property particulars. Please contact NU Living - 360 Barking Shared Ownership for full details and further information. The Running Costs data displayed on this page are provided by SmartNewHomes to give an indication of potential running costs based on various data sources. SmartNewHomes does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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