2 bed flat for sale

Oculus House, Barking, London IG11

This bright, modern, well decorated two bedroom apartment is now available in Barking through Shared Ownership.

The property on the first floor comprises an entrance hall with storage cupboards, a spacious living room with a modern open plan kitchen, two good sized bedrooms (one en-suite) and a bathroom.

Outside, there is a private balcony and a concierge service. Perfect for couples and small families.

Available for £92,500 for 25% share based on the marketing figure of £370,000.

Monthly rent - £700.38
Monthly Service Charge - £259.51
Total Monthly Charge - £959.89 plus mortgage required for 25% share.

On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.

An annual rent increase takes place every April

Location

The property is located just around the corner from Barking's high street, with shops, restaurants and all amenities nearby.

The underground, overground and railway station is just a stone's throw away, allowing to reach Central London in half an hour.

There's a shopping centre close to the building, with many shops, restaurants, and pubs, as well as parks such as Barking Park and Wanstead Flats.

EPC rating

Energy rating band - B
Environmental impact band - B

Other information

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by so Resi and mtvh

You can read the Shared Ownership allocation policy on the mtvh website. So Resi is the Shared Ownership brand of mtvh, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.

In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.