1 bedroom flat for sale

£115,000 (£214/sq. ft) Shared ownership

Prioress House, Barking IG11

1 bedroom flat for sale 1 1 50 sq. m*
Interested in this property? Call +44 20 7768 0404 * or Request Details

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

Property features

  • *£115,000 for a 50% share*
  • 50% share available under the shared ownership scheme
  • Viewing is highly recommended
  • Excellent starter home
  • Private balcony
  • Walking distance to public transport
  • Easy access to Barking train station

Property description

***Please quote PRI4402 when enquiring.***
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Introduction


Step onto the property ladder with this 1 bed flat in Barking, perfectly situated for all your needs. Close to all local amenities, leisure facilities, and with excellent transport links, this well presented home has an abundance of convenience. Could this be the starter home you’ve been waiting for?

Full description


- Entrance hall way with storage cupboard and televisual entry system for your security and peace of mind.
- Living room (4.1m x 3.7m) with double floor to ceiling windows to the front aspect.
- Kitchen (2.8m x 2.3m) boasts coordinating wall and base units with contrasting work tops. Integrated electric hob and oven, stainless steel extractor fan and splash back.
- Bedroom (4.3m x 2.5m) with double French doors to the front aspect opening onto the private balcony.
- Bathroom (2.2 m x 1.9m) has a bath with overhead shower, glass shower screen, wash basin and WC. Partially tiled walls with fixed mirror and extractor fan.
- Carpets are fitted to the bedroom. Wooden flooring is fitted to the hallway, kitchen and living room and tiles are laid to the bathroom.
- Electric heating.
- Neutral decoration throughout.
- Private balcony and communal garden.
- On-street parking.

Costs


1-bedroom flat (fourth floor)

Price - £115,000*


Rent - £223.28pm


Service charge - £114.88pm**


*This represents a 50% share of the full open market value of £230,000
**This includes: Management charge, service charge, building insurance charge and sinking fund. Rent and service charges are reviewed annually.

Eligibility requirements


The minimum household income requirement for this property is £30,067^.
If you will be obtaining a mortgage you will need at least £5,750 in savings (i.e. A 5% deposit).

Please note that we work with a third party, Share to Buy to determine whether a property is affordable to an applicant. We will share further details about this process should you wish to proceed with an application after you have viewed the property. You will be required to complete their agreement in principle application and submit supporting documents.

^If your deposit is more than 5% the minimum income requirements may be less. Please contact us for further details.

General information


Tenure: Leasehold
Lease: 125 Years from 1st April 2014
Years remaining on lease: 120 approx.
Approximate internal area: 50 sq. M.
Local Authority: London Borough of Barking and Dagenham
Council Tax Band: C
EPC Rating: B (86)
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Terms and conditions


***Applicants must have a local connection to Barking. Priority is given to those registered with Help to Buy South and first time buyers.***
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Viewings


Viewings are held strictly by appointment - call today to arrange a mutually convenient time.

Applications are only accepted from those who have viewed the property. If you have viewed and would like to apply please register your interest with the Resales Team.

Property info

Property value data/graphs for IG11

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £445,576 £294 3.2 £342,400
Semi-detached £430,342 £385 3.4 £429,400
Terraced £366,102 £377 3.0 £370,124
Flats £235,157 £400 1.8 £242,433

Current asking prices in IG11

Average: £278,821
Avg. current asking prices in IG11
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £139,999
(4)
£313,667
(15)
£419,677
(31)
£497,727
(11)
£623,500
(10)
Flats £199,158
(119)
£250,688
(85)
£284,000
(10)
- -
All £197,234
(123)
£260,135
(100)
£386,585
(41)
£497,727
(11)
£623,500
(10)

Current asking rents in IG11

Average: £1,371 pcm
Avg. current asking prices in IG11
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £670 pcm
(7)
£1,268 pcm
(6)
£1,621 pcm
(22)
£1,985 pcm
(21)
£2,141 pcm
(5)
Flats £1,081 pcm
(77)
£1,322 pcm
(54)
£2,140 pcm
(5)
- -
All £1,046 pcm
(84)
£1,317 pcm
(60)
£1,717 pcm
(27)
£1,985 pcm
(21)
£2,141 pcm
(5)

Fun facts for IG11

Highest value in IG11
Highest value streets Zed-Index
Upney Lane £540,276
Strathfield Gardens £522,000
Stephen Jewers Gardens £498,939
Beccles Drive £495,668
Oulton Crescent £489,181
Highest turnover in IG11
Highest turnover streets Turnover
Highbridge Road 35.2%
Kendal Avenue 33.3%
Schooner Close 30.4%
Norfolk Road 30.3%
Surrey Road 26.7%

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

Arrange Viewing

For more information about this property, please contact
Home Group, EC1M on +44 20 7768 0404 * (local rate)

Monthly running costs Beta

£499 Monthly total

Energy

Gas £17 Electricity £25 Estimated energy cost £42/mo 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: 5700 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Water

Supply £9 Sewerage £10 Estimated water cost £19 /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 Home Group 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 Home Group, and do not constitute property particulars. Please contact Home Group 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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