2 bedroom flat for sale

£83,750 Shared ownership

Oculus House, 16-48 Cambridge Road, Barking, Essex IG11

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

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

The Kilworth

Plots available: 2111,319,3119 & 4127

Full market value: From £335,000
Share: 35% from £83,750
Estimated rent per month: From £610
Estimated monthly service charge: From £122.56

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

Property value data/graphs for IG11

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £430,312 £287 3.2 £343,400
Semi-detached £414,913 £373 3.4 £390,237
Terraced £353,133 £363 3.0 £373,467
Flats £226,535 £387 1.8 £243,617

Current asking prices in IG11

Average: £310,572
Avg. current asking prices in IG11
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £161,874
(4)
£315,714
(14)
£427,588
(40)
£545,588
(17)
£587,222
(9)
Flats £213,535
(104)
£270,999
(78)
£288,980
(13)
- -
All £211,622
(108)
£277,803
(92)
£393,589
(53)
£545,588
(17)
£587,222
(9)

Current asking rents in IG11

Average: £1,219 pcm
Avg. current asking prices in IG11
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £672 pcm
(9)
£1,333 pcm
(12)
£1,542 pcm
(30)
£1,844 pcm
(11)
£1,738 pcm
(2)
Flats £1,022 pcm
(88)
£1,248 pcm
(62)
£1,518 pcm
(13)
£1,517 pcm
(1)
-
All £989 pcm
(97)
£1,262 pcm
(74)
£1,534 pcm
(43)
£1,817 pcm
(12)
£1,738 pcm
(2)

Fun facts for IG11

Highest value in IG11
Highest value streets Zed-Index
Upney Lane £524,119
Strathfield Gardens £503,946
Stephen Jewers Gardens £480,725
Beccles Drive £479,106
Dorrington Close £471,393
Highest turnover in IG11
Highest turnover streets Turnover
Kendal Avenue 33.3%
Highbridge Road 31.0%
Schooner Close 30.4%
Norfolk Road 30.3%
Ray Gardens 27.3%
Arrange Viewing

For more information about this property, please contact
NU Living - 360 Barking Shared Ownership, IG11 on +44 20 8115 2937 * (local rate)

Monthly running costs Beta

£412 Monthly total

Home Insurance

Rebuild value up to £750,000 Contents value up to £75,000 Average insurance cost £14/mo (£168/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £22 Electricity £31 Estimated energy cost £53/mo

Similar properties could save up to £264

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 7200 kWh/year
Electricity: 2300 kWh/year

Source: National Energy Efficiency Data Framework

Water

Supply £13 Sewerage £13 Estimated water cost £26 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact NU Living - 360 Barking Shared Ownership about this property

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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 Homes24 to give an indication of potential running costs based on various data sources. Homes24 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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