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- Challingsworth House
- Challingsworth House., Cambridge Road, Barking
For Sale
£76,250
(Prices from)
Full Market Value from: £305,000
Challingsworth House., Cambridge Road, Barking
Type E, Challingsworth House, Cambridge Road, London, IG11 8TF
Shared Ownership Flat
Bedrooms: 1
Furnished: No
Reception rooms: 1
New Build: No
Bathrooms: 1
Area: 570 sqft
Description
Challingsworth House is part of the wider regeneration initiative and is a collection of 56 Shared Ownership apartments; 40 one-bedroom and 16 two-bedroom apartments, available from a 25% share. These properties offer floor to ceiling windows, contemporary kitchens with integrated appliances* and open-plan living.
Phase 1 consists of 10 one-bedroom apartments and only 2 are of this layout - 53m2/570ft2 and comprises a great sized bedroom with fitted wardrobes, the main bathroom, open-plan living and a private balcony.
Flat B66 can be found on the 6th floor:
Full Market Value: £305,000
Shares available from 25%: £76,250
Rent*: £524 per month
Flat B86 can be found on the 8th floor:
Full Market Value: £308,000
Shares available from 25%: £77,000
Rent*: £529 per month
*Calculated at 2.75% for one/two/three bedroom apartments per annum of the value of the share that you do not initially buy.
Scheme Information:
Leasehold
Lease length: 250 years
Council tax is due from the day of legal completion even though the banding may not yet be confirmed, please bear this in mind and make the necessary arrangements. When the property banding is confirmed, it will be listed on the following page: https://www.gov.uk/council-tax-bands or email [email protected]
Estimated Annual Service Charge: £1,320
Service Charge Review Period: Yearly
Ground Rent: £0
Phase 1 consists of 10 one-bedroom apartments and only 2 are of this layout - 53m2/570ft2 and comprises a great sized bedroom with fitted wardrobes, the main bathroom, open-plan living and a private balcony.
Flat B66 can be found on the 6th floor:
Full Market Value: £305,000
Shares available from 25%: £76,250
Rent*: £524 per month
Flat B86 can be found on the 8th floor:
Full Market Value: £308,000
Shares available from 25%: £77,000
Rent*: £529 per month
*Calculated at 2.75% for one/two/three bedroom apartments per annum of the value of the share that you do not initially buy.
Scheme Information:
Leasehold
Lease length: 250 years
Council tax is due from the day of legal completion even though the banding may not yet be confirmed, please bear this in mind and make the necessary arrangements. When the property banding is confirmed, it will be listed on the following page: https://www.gov.uk/council-tax-bands or email [email protected]
Estimated Annual Service Charge: £1,320
Service Charge Review Period: Yearly
Ground Rent: £0
Energy Rating
Map
Floorplans
Eligibility for Shared Ownership
In order to be eligible to purchase a Shared Ownership house or apartment, there are several general criteria you must meet:
-
You must be at least 18 years’ old with a clean credit history
-
Your annual household income must be less than £90,000 in London, or £80,000 outside of London
-
You’re a first-time buyer, a previous homeowner that cannot afford to buy one now, or an existing shared homeowner
-
You must not be in mortgage or rent arrears, demonstrate a good credit history and be in a position to afford the regular payments
Find out what you can afford
Unsure of how much you can afford to borrow towards the purchase of a home? Use our Affordability Calculator below to receive an assessment* of how much you’re likely to be able to borrow based on your income.
*Help to Buy: Equity Loan
- London Boroughs: 40%
- Outside of London: 20%
Shared Ownership
*The affordability calculators give you an indication of affordability only. Your initial affordability assessment will need to be completed by an Independent Financial Advisor (IFA).