Oysterman Place, 3 Beds, Ripple Road, Barking, IG11 7EA
3 Beds, Oysterman Place, Ripple Road, Barking, IG11 7EA
Shared Ownership Flat
Coming soon to Barking town centre - brand-new 1, 2 & 3-bedroom apartments available to buy through Shared Ownership. This exciting new development is perfectly placed for enjoying the best of Barking. The Broadway Theatre, Abbey Leisure centre, local parks, supermarkets, shops and restaurants, as well as schools are all within easy reach.
Please note Oysterman Place is a car-free development. There is no parking available to any apartments and parking permits cannot be obtained from the council.
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 Government website which you can find by searching 'Check council tax band' or by emailing to the email address on that webpage.
Estimated Annual Service Charge: £2,328
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.