Abbey Quay

Abbey Road, Barking, IG11 7AT
Shared Ownership

Abbey Quay

Abbey Road, Barking, IG11 7AT

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From £73,750 for a 25% share
With min. deposit £3,688

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£73,750

1 Bedroom Flat

£105,875

2 Bedrooms Flat

£107,500

2 Bedrooms Flat

£109,250

2 Bedrooms Flat

£114,500

2 Bedrooms Flat

£115,375

2 Bedrooms Flat

£118,125

2 Bedrooms Flat

Property Number 342 332 377 334 393 452 435
Availability FOR SALE FOR SALE FOR SALE FOR SALE FOR SALE FOR SALE FOR SALE
Advertised Share 25% 25% 25% 25% 25% 25% 25%
Full Market Price £295,000 £423,500 £430,000 £437,000 £458,000 £461,500 £472,500
Deposit From £3,688 £5,294 £5,375 £5,463 £5,725 £5,769 £5,907
Monthly Rent £508 £728 £740 £752 £788 £794 £813
Monthly Mortgage Cost £365 £524 £532 £541 £567 £571 £585
Monthly Service Charge £176 £234 £212 £224 £241 £234 £241
Estimated Monthly Cost £1,049 £1,487 £1,484 £1,517 £1,597 £1,600 £1,640
Bedrooms 1 2 2 2 2 2 2
Bathrooms 1 2 2 2 2 2 2
Number Of Floors 1 1 1 1 1 1 1
Tenure Leasehold Leasehold Leasehold Leasehold Leasehold Leasehold Leasehold

Abbey Quay

Abbey Road, Barking, IG11 7AT

Overview

1 & 2 bedroom apartments available with Shared Ownership.


Abbey Quay, situated in Barking's vibrant new riverside district, presents a range of 1 & 2 bedroom apartments built by award-winning, Weston Homes. Blending urban convenience with a cosy neighbourhood atmosphere, Abbey Quay offers the ideal fusion of city living and village charm.

 

Each apartment in this modern village boasts open plan living and a private balcony or terrace, adding to its stylish appeal. Enjoy the scenic beauty of tree-lined streets and breathtaking views while having access to on-site amenities such as shops, cafes, restaurants, and inviting communal areas. Discover your shared ownership home today at Abbey Quays.

Travel Times

  • 17 mins Canary Wharf
  • 21 mins Liverpool Street
  • 28 mins Kings Cross St Pancras
  • 5 mins Asda superstore
  • 6 mins Abbey leisure centre
  • 10 mins Barking train station
  • 12 mins London City airport
  • 16 mins Westfield Stratford City

Key Features

  • Flooring fitted throughout
  • Contemporary kitchens designed by Oakwood Kitchens
  • High-quality Zanussi integrated appliances and sleek stone countertops
  • Bathrooms with smart technology
  • Exclusive Residents' Hub for work, relaxation, and socialising
  • Spacious communal podium garden for outdoor enjoyment
  • Riverside plaza with convenient amenities
  • Stunning city views from the upper floors

Brochures

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

The eligibility criteria for Shared Ownership is simple; as long as you don't currently own, or won't own another property when you move in to a new home, you're likely to qualify.

Your annual household income (that's both yours and your partners' if buying together) can't exceed £80,000 (or £90,000 in London) and you'll need to have savings to cover purchasing costs such as solicitors fees and your mortgage deposit.

There's no fixed minimum income; you just need to be able to afford to buy the home and the monthly costs - this will be established via an affordability.

No - the scheme is designed to help people buy a suitably sized home that they cannot afford to buy otherwise. That typically means first time buyers, but if you've owned a home before and are selling, perhaps due to a divorce or needing to buy a bigger home, and cannot afford to buy, you might be eligible for Shared Ownership.

Affordability Calculator

Disclaimer

The figures and estimates shown in this calculator should not be relied on as confirmation of affordability and should only be used as an indicative guide to monthly costs. The monthly rental cost is based on 2.75% on the retained equity (subject to change please ask your sales agent). This will usually increase by the annual rate of RPI. The monthly mortgage cost is based on a Variable Rate Mortgage at 5.50% over a 35-year repayment loan. Other costs will apply such as service charge. Sage Homes is not authorised or regulated by the Financial Conduct Authority to provide financial advice. You should always seek advice and recommendations from an independent financial advisor regarding mortgage products, affordability, interest rates, repayment methods and terms and conditions. You should also seek independent legal advice. Your home may be repossessed if you do not keep up payments on a mortgage or any other loan secured against it.

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