Barking Riversidein London
Barking Riverside on the map of London
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Mortgage in Barking Riverside
Shared Ownership
Shared Ownership is a type of affordable homeownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.
Standard eligibility criteria for Shared Ownership
- Be at least 18 years old.
- Annual household income must be less than £90,000 (In London).
- Annual household income must be less than £80,000 (Outside of London).
- Not allowed to own another home. If you already own another property (in the UK or abroad), you must be in the process of selling it.
- Not able to afford to buy a suitable home on the open market.
- Able to demonstrate that you are not in mortgage or rent arrears.
- Able to demonstrate a good credit history and show that you are able to afford the regular payments and costs involved in buying a home.
- Have savings or be able to access at least £4,000 to cover the costs of buying a home. (This is a guideline figure, the actual amount may vary.)
Please note: Eligibility criteria may vary per housing association and therefore you should always check the exact criteria with the developer or housing association responsible for the exploitation of the project.
Help to Buy
Help to Buy is a government-backed scheme that aims to help first-time buyers onto the property market with an equity loan (also known as shared equity) of up to 40% of the value of a new build home.
- Requires only 5% deposit
- Only a 55% mortgage required
- 40% Government equity loan (interest free for the first 5 years)
- Available on new build homes up with a value of up to £600,000
Eligibilty Criteria
Requirements:
- Minimum age of 18 years.
- Must be first-time buyer.
Not allowed:
- Owning a home or land anywhere in the world at any time.
- To have had any form of sharia mortgage finance.
- Owning a home bought with other people or inherited.
- Being married or in a co-habiting relationship, either now or on legal completion with anyone who owns or has owned a home or land anywhere in the world.
- Purchasing a second home
There are certain price limits on homes you can purchase with an equity loan. The limit varies for each region in England.
| Region | Full property price limit |
|---|---|
| East | £407,400 |
| East Midlands | £261,900 |
| London | £600,000 |
| North East | £186,100 |
| North West | £224,400 |
| South East | £437,000 |
| South West | £349,000 |
| West Midlands | £255,600 |
| Yorkshire and The Humber | £228,100 |
*Terms and conditions apply
Mortgage
We checked the information and the developer's representatives confirmed that units in this residential complex can be purchased by using a mortgage.
Property Details
About the house
| 🟧 Tenure | Leasehold |
| 🟧 Height Classification | High-rise |
| 🟧 Quality Classification | High-end |
| 🟧 Number of units | 10800 |
| 🟧 Security & Safety | Mains operated ceiling mounted smoke/heat detectors, Colour video entry system to apartments |
| 🟧 Parking | Parking to selected plots |
| 🟧 Amenities | Health care and leisure facility, Cycling hub, 2 local retail and dining hubs, Communal garden, Envac waste disposal system |
| 🟧 Number of buildings | 1 |
| 🟧 Off-plan property | No |
| 🟧 Property Type | Apartments |
| 🟧 Concierge | No |
| 🟧 Gym | No |
| 🟧 Kid’s Facilities | On-site schools |
| 🟧 Swimming Pool | No |
| 🟧 Warranty | NHBC 12-year Warranty |
| 🟧 Bicycle Storage | Yes |
| 🟧 Lift | Lift access to all upper floor apartments |
About the units
| 🟧 General | Free standing washer/dryer within the kitchen or located in store cupboard |
| 🟧 Ensuite | White shower tray fitted with chrome trim glass shower door, Chrome basin mixer taps, Chrome thermostatic shower system, Semi-recessed hand wash basin, Back-to-wall WC, Concealed cistern and dual flush plate, Chrome heated towel rail, Mirror behind hand wash basin, Brushed steel shaver socket, Wall and floor tiles in a contemporary colour palette |
| 🟧 Electricity & Lighting | Brushed steel switches (with white infills) and sockets throughout (white in cupboards), Chrome LED downlighters in kitchen/ dining/living, separate kitchen, bathroom, cloakroom and en-suite areas, Pendant lighting to all other habitable rooms |
| 🟧 Outside space | Garden, patio or terrace |
| 🟧 Doors | White internal doors, Chrome door furniture |
| 🟧 Bathroom | White bath fitted with chrome trim glass bath screen, Chrome bath and basin mixer taps, Chrome thermostatic shower system over bath, Semi-recessed hand wash basin, Back-to-wall WC, Concealed cistern and dual flush plate, Chrome heated towel rail, Mirror behind hand wash basin, Brushed steel shaver socket, Wall and floor tiles in a contemporary colour palette |
| 🟧 Communications | TV/SAT/FM media plate and BT outlet in living area and master bedroom |
| 🟧 Kitchen | Individually designed kitchens with soft-close doors and drawers, Under cupboard LED lighting, Contemporary worktop with matching upstand, Stainless steel kitchen sink with chrome mixer tap, Fully integrated appliances including oven (double oven to three-bedroom apartments), 4 burner electric hob, extractor fan, fridge/freezer, dishwasher |
Property Description
What is the location of Barking Riverside?
Standing right on the north bank of the River Thames, the new Barking Riverside development belongs to the London Borough of Barking and Dagenham. The complex has a clear view of the river, with only two kilometres separating it from the Thames waters. In addition, a new pier is being developed right outside Barking Riverside as Thames Clippers is planning on including the area into one of its river bus routes.
Apart from strolling alongside the Thames, you can take a break from the city’s noise in the Ripple Nature Reserve that is just 8 minutes away from the complex.
Within a 20-minute walk is the A13 road, which connects the district to the very heart of central London and can be used to reach London City Airport.
What’s around?
- Nurseries/ Education: Chestnut Nursery School (Sue Bramley) (5 min), Eastbury Nursery & Pre-School (9 min), Chestnut Nursery School (Gascoigne) (12 min), High Grade Tuition Barking & Dagenham (7 min)
- Shopping: East Thames Plaza (10 min), Joyce Dawson Way Shopping Centre (36 min), Gateway Retail Park (12 min)
- Medical Facilities: Dr A Annan - Broad Street Medical Centre (12 min), Ripple Road Medical Centre (9 min), Boleyn Medical Centre (16 min), The Medical Centre (12 min)
- Café/Restaurants: River Restaurant (3 min), Tamak Lounge (6 min), Brothers Cafe (5 min), Thames Cafe (5 min), Kndl (6 min), Mazee's Place (10 min)
- Others: Showcase Newham (14 min), The Broadway Theatre (12 min), The Gym Dagenham (9 min)
What are the architectural features of Barking Riverside?
Stretched along the street, the high-rise complex has an upside-down t-shaped fraction of the building protruding from its façade. The brick covered walls give off a raw aesthetic that fits well into the former industrial site, while floor-to-ceiling windows and glass balconies add some modernity to the overall look and provide the apartments with natural light and great views.
The Barking Riverside development also includes a series of 3-storey townhouses that stand in a perfect row. The facades of the houses mimic the colour scheme of the apartment complex. At the back of the building, there is a patio with some green space, separated from the neighbouring gardens by wooden fences.
What is inside?
Barking Riverside is about to become a whole new community with its own healthcare, leisure, and sport facilities. The new development will feature bars, restaurants, shops, public squares, secured communal gardens, and a cycle hub, effectively creating a neighbourhood that will have practically everything you may need. Furthermore, there will be seven new schools, making the area more attractive to young families.
To connect the Barking Riverside development with the rest of the city, the project includes the construction of Barking Riverside Overground station. Also, each home comes with communal bicycle storage and a video entry system.
How to get around?
- Bus stop: EL1 (1 min)
- Metro Line: c2c (11 min), District Line (8 min)
- Road Access: Ripple Road
- Airport: London City Airport (18 min), Manchester Airport (MAN) (36 min), Heathrow Airport (76 min)
- Car Rental: Enterprise Car Club (4 min), Thrifty Car & Van Rental (12 min)
- Heliport: London Docklands Heliport (16 min), Falcon London Heliport (23 min)
- Others: Brompton Bike Hire (18 min), London Yacht Hire (19 min)
Barking Riverside Station
Still under construction, Barking Riverside Station is located in Barking, an area in East London that lies within the borough of Barking and Dagenham. The railway station is part of the Barking Riverside regeneration project that also includes a collection of new homes as well as leisure and shopping facilities.
Linking the neighbourhood to the London Overground network, the new station will be part of an extension of the Gospel Oak to Barking line, putting the Barking Riverside regeneration area within a 6-minute train ride of Barking Station. The new extension will add 4.5 kilometres to the line, running partly over the London, Tilbury and Southend line.
Is Barking Riverside Station open?
With construction beginning in 2018, Barking Riverside Station was expected to start operating in December 2021. However, due to the pandemic, the opening was delayed to Autumn 2022, increasing the project’s cost from £260 million to more than £327 million.
What kind of units are available at Barking Riverside?
Overall, the residential complex offers 10,000 new homes, including one-, two-, and three-bedroom apartments, as well as four-bedroom townhouses.
Each home comes with contemporary interiors, provided with access to the outside spaces. Future residents of the townhouses and ground floor apartments will be able to enjoy some time in the garden, while the units on the upper floors feature a balcony or a terrace.
The kitchens are individually designed and fully fitted with appliances, such as ovens, fridge/freezers, dishwashers, induction hobs, and extractor hood fans.
In addition, the bathrooms at Barking Riverside are equipped with a chrome bath, accompanied by a thermostatic shower system and a full-height mirror.
Is Barking Riverside a good investment?
Barking Riverside has a big potential to become a good investment. The project is set to create a community of its own with numerous amenities and facilities. However, one of its biggest assets is its location as the development basks in peace and quiet, away from the bustling centre, with the upcoming railway station linking it to the rest of the city. The opening of the station is sure to increase the value of the Barking Riverside real estate.
Who is the developer?
Barking Riverside is a Bellway and L&Q project.
L&Q is a residential and mixed-use development company based in London. Founded in 1962, the developer uses its extensive experience to create well-designed homes and communities across London and the South East. L&Q has an impressive portfolio with projects such as Ridgeway Views, The Gateway, Churchfield Quarter, and Lansbury Square.
Meanwhile, Bellway started out as a small family business in 1946, which has grown into one of the biggest property development companies in the UK. With a diverse portfolio of properties throughout the country, the company is headquartered in Newcastle upon Tyne. It’s responsible for projects such as Lion Wharf, the Quebec, and Lexington Gardens.
For more information on Barking Riverside, please visit the respective websites of the developers.
