Following high demand for the first launch of Help to Buy apartments at Parklands at Barking Riverside, leading housing association L&Q has announced the final launch of 20 one, two and three bedroom apartments at Parklands, all available with the Government-backed equity loan.
The new release comes following recent reports of house price growth in Barking having risen by 63.5% over the last five years - compared to 37.3% across London as a whole* – with the new East London neighbourhood already attracting a wide range of buyers, from young professionals commuting into the city to growing families looking for more space.
Claire Brenlund, Assistant Director of Sales at L&Q, comments: “Parklands offers a wide range of properties through London Help to Buy, in an area of the capital where house prices are continuing to grow, which has resulted in impressive sales figures to date - our three bedroom apartments in the last launch were particularly popular, selling out within a week of coming onto the market.”
Parklands offers buyers the chance to purchase at the very start of the Barking Riverside vision, which once complete, will be one of Europe’s largest brownfield developments. One of the most ambitious and significant developments in the UK, the masterplan will ultimately deliver 10,800 homes alongside new commercial, retail and leisure facilities. Covering an impressive 443 acre site with 2km of south facing river frontage, the town offers the benefits of Thames-side living without the typical price premium.
Included in the masterplan is provision for seven schools, with four already open and recently receiving some of the best results in the borough. Riverside Campus is the largest free school campus in the UK and will offer places for 2,600 pupils across a primary, secondary and special educational needs school.
Further crucial infrastructure in the pipeline includes a new Barking Riverside station, due to open in 2021, which is part of a £263 million extension to the London Overground. Once up and running, residents at Barking Riverside will be able to reach central London in just 22 mins.
Currently, Barking Riverside residents have Central London on their doorstep, with C2C trains running from nearby Dagenham Dock to London Fenchurch Street in 24 minutes. There are regular bus services running between the development and both Dagenham Dock and Barking Station, with the C2C, District and Hammersmith and City tube lines and London Overground running from the latter.
Homes at Parklands come equipped with contemporary kitchens, complete with gloss pearl units and a plethora of integrated top-of-the-range Zanussi appliances. Pristine bathrooms have smart white sanitaryware by Roca, as well as ceramic floor and wall tiles. The light-filled apartments each have their own outside balcony or terrace, each with access to communal outdoor areas.
All private sale apartments at Parklands will offer Londoners the chance to get on the property ladder through the Mayor of London’s ‘First Dibs’ initiative, with private sale homes at Parklands under £350,000 qualifying.
As well as one, two and three bedroom apartments, and four bedroom townhouses available through London Help to Buy, L&Q have one, two and three-bedroom apartments available through Shared Ownership.
All private sale homes are available to purchase through London Help to Buy. One bed homes start from £262,500, three bed homes from £350,000 and 4 bed town houses from £550,000.
The L&Q sales suite is open 7 days a week, 10am – 5pm Monday to Saturday, and 10am – 4pm Sundays. To arrange an appointment, please register interest at Barkingriverside.london, or call 020 8617 1747.