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1 bed flat for sale

£73,500 Shared ownership

St Margarets, Barking, Essex IG11

1 1

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Property description

1 bedroom apartment

1 bedroom apartments starting from £73,500 for a 30% share based on full market value of £245,000

L&Q is proud to introduce Weavers Quarter, Barking. This new development is more than a collection of high-quality homes offered on a shared ownership basis – it’s a whole new community, built in partnership with London Borough of Barking and Dagenham council. The masterplan will bring a new park, landscaped areas and two new schools to the area.

The homes boast of high specification including fully integrated kitchen and balcony or terrace. It can be a perfect first time buy for those who want to get up in the property ladder. Weavers Quarter is located only a short walk away from Barking station from where you can reach Liverpool Street within 20 minutes, so if you are a city worker you will love the daily commute. These homes are available to applicants living in any London Borough or Essex.

L&Q is a leading residential developer, founded over 50 years ago. We create high quality homes and places people love to live. Our award-winning approach designs thriving communities to suit a whole range of aspirations, incomes and stages of life. We own and manage more than 90,000 homes, lead major residential and mixed use developments and are committed to working with like-minded partners to help solve the housing crisis and meet its vision to deliver 100,000 new homes.

Weavers Quarter is a car-free development. This means that no parking will be available to purchasers. If you do have a car, you will not be able to park it within or near the development.

Please also note, that as the development is located in Barking Town Centre and there is no free street parking available.

Please consider this before you register your interest in the development.
Market activity
Average price paid £313,042 Sales 315 Current average value £318,629 (Zoopla Zed-Index) Value change £15,623 ▲ 5.16%

Property value data/graphs for IG11

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £440,104 £314 3.2 £352,500
Semi-detached £427,838 £384 3.4 £430,172
Terraced £362,356 £366 3.0 £369,779
Flats £230,391 £394 1.8 £223,853

Current asking prices in IG11

Average: £342,355
Avg. current asking prices in IG11
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £271,333
(3)
£322,312
(8)
£425,507
(65)
£468,999
(19)
£613,461
(13)
Flats £237,002
(75)
£277,161
(54)
£280,000
(7)
£290,000
(1)
-
All £238,323
(78)
£282,987
(62)
£411,360
(72)
£460,050
(20)
£613,461
(13)

Current asking rents in IG11

Average: £1,229 pcm
Avg. current asking prices in IG11
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £744 pcm
(11)
£1,236 pcm
(21)
£1,600 pcm
(25)
£1,783 pcm
(10)
£2,313 pcm
(4)
Flats £1,018 pcm
(119)
£1,218 pcm
(86)
£1,449 pcm
(19)
- -
All £995 pcm
(130)
£1,221 pcm
(107)
£1,535 pcm
(44)
£1,783 pcm
(10)
£2,313 pcm
(4)

Fun facts for IG11

Highest value in IG11
Highest value streets Zed-Index
Upney Lane £536,254
Strathfield Gardens £516,258
Stephen Jewers Gardens £491,768
Beccles Drive £490,922
Dorrington Close £484,235
Highest turnover in IG11
Highest turnover streets Turnover
Tanner Street 33.3%
Schooner Close 30.4%
Surrey Road 28.9%
Highbridge Road 28.8%
Waterside Close 26.6%

What Zoopla users think of Barking

Overall rating:

  • currently 3.5 stars
Good - 72% (201 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 3.5 stars
Restaurants & shopping
  • currently 3.5 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Barking:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Barking (0.4 miles)
  • Barking (0.4 miles)
  • Upney (0.8 miles)
  • London City Airport (2.4 miles)
  • London Heathrow Airport (23.8 miles)
  • London Stansted Airport (25.1 miles)
  • Woolwich Ferry North Pier (2.7 miles)
  • Woolwich Arsenal Pier (2.8 miles)
  • Woolwich Ferry South Pier (2.9 miles)

Nearby schools

View all schools in Barking and Dagenham
  • Gascoigne Primary School (0.2 miles)
  • St Joseph's Catholic Primary School (0.3 miles)
  • Ripple Primary School (0.3 miles)
  • East London Arts & Music (3.4 miles)
  • London Academy of Excellence (3.6 miles)
  • Beacon Business Innovation Hub (3.8 miles)
  • Greatfields School (0.3 miles)
  • Eastbury Community School (0.6 miles)
  • Langdon Academy (0.6 miles)
Note: Distances are straight line measurements

Local info for Barking and Dagenham

About the neighbours in IG11

AskMe Q&A for Barking and Dagenham

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For more information about this property, please contact
L&Q - Weavers Quarter, IG11 on +44 20 8115 4860 * (local rate)

Monthly running costs Beta

£349 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,350
Repayment term 25
Interest rate 1.5
Your payment £264 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £23/mo (£276/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 £18 Electricity £25 Estimated energy cost £43/mo

Similar properties could save up to £178

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 L&Q - Weavers Quarter 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 L&Q - Weavers Quarter, and do not constitute property particulars. Please contact L&Q - Weavers Quarter for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla 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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