Equinox House
£198,750 for a 75% share
Property description
Open plan living / Great location and transport into London / Long term lease
Property address
Equinox House, Wakering Road, Barking IG11 8RN, Barking, IG11 8RN
2 
1 Shared Ownership
Shared Ownership
Full Market Value: £ 265,000
Share Value (75%): £198,750
Monthly Rent: £190.12
Service Charge: £246.82
Council Tax Band: C
125 year lease commenced April 2006 - 106 years remaining
EWS1 - EWS1 Certification is available for this property - A1 rating
L&Q welcomes you to view this two bedroom, 5th floor floor apartment.
This bright and spacious apartment consists of a open-plan kitchen and living area, flooded with natural light from wide windows and double doors. The kitchen is fitted with wood effect wall and base units, finished with a grey worktop. Main double bedroom comes with built in storage, second bedroom has versatile use, currently being used as a home office / working space. The bathroom comes complete with a white three-piece suite with a shower over bath and a white tile surround.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Ultra convenient, the flat is just a 5 minute walk from Barking station which has great connectivity including Hammersmith, District, Overground lines, & C2C (Fast rail), providing swift access to Central London in under 20 minutes!
With a plethora of local amenities right at your doorstep, this apartment epitomizes urban living at its finest. Don't miss out on the opportunity to make this your home sweet home.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £54,396. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of August 2024.
This is an indication of how much these apartments might cost.
For more detailed information please register your interest in this property.
| Minimum Full Market Value | £265,000 |
|---|---|
| Minimum Share Percentage | 75% |
| Minimum Share Value | £198,750 |
| Monthly Service Charge | £247 |
| Minimum Deposit | £19,875 |
Ultra convenient, the flat is just a 5 minute walk from Barking station which has great connectivity including Hammersmith, District, Overground lines, & C2C (Fast rail), providing swift access to Central London in under 20 minutes! With a plethora of local amenities right at your doorstep, this apartment epitomizes urban living at its finest. Don't miss out on the opportunity to make this your home sweet home.
Others
- Central heating