This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
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£250,000
2 bedroom Flat for sale, Edward Point, 59 London Road, Barking, IG11
Features and Description
- Fifth Floor Apartment
- Two Bedrooms (both with En-Suites)
- Shared Ownership (min 57%, max 100%)
- No Onward Chain
- Abbey Quay Development
- Built by Weston Homes in 2025
- NHBC Warranty
- Lease- Approximately 986 Years (Ending 04/12/3011)
- Estimated Service Charges- £2,436.61 (YE 31/03/2026)
- Within Approximately 0.5 Miles of Train Station
- Within the London Borough of Barking & Dagenham
- Council Tax Band- C
- EPC Rating- B
SHARED OWNERSHIP. NO ONWARD CHAIN. Your Move Glenwood estate agents are pleased to offer for sale (as the seller's sole agents) this two-bedroom, fifth floor, apartment in the new Abbey Quay development, adjacent to the River Roding.
The price advertised represents the purchase of a 57% share of the home. Buyers have the option to acquire a larger share of the property (up to and including 100%), either straight away or at a later stage.
The apartment (built in 2025) is located on the fifth floor of the Edward Point building, and comprises: an open plan living/dining room/kitchen area, with access to the balcony, two bedrooms - one with an en-suite shower room/WC and the other with an en-suite bathroom/WC (both with fitted wardrobes).
Housebuilder, Weston Homes, describes Abbey Quay as "a development set in Barking's exciting new riverside quarter. Combining the convenience of city life with the neighbourhood feel of a friendly village, Abbey Quay brings you the best of both worlds". The developer's brochure is available on request.
The lease has a term of approximately 986 years remaining. The estimated service charges for the year ending 31/03/2026 are £2,436.61. A breakdown of the service charges is available on request.
The apartment benefits from an NHBC new build warranty.
The development is situated with the London Borough of Barking & Dagenham and within approximately 0.5 miles of Barking Underground station (District Line, Hammersmith & City Line, and National Rail).
The Council Tax Band is B. The EPC rating is B.
What is Shared Ownership?
Shared Ownership enables you to buy a share of a home with a mortgage and pay rent on the remaining share. There will be a lease for the portion of the home you don't purchase, with Sage Homes.
For this particular home, initially you can buy a minimum 57% share (the maximum you can buy initially is 100%). You can buy more shares or take your ownership to 100% at a later date; this is known as 'staircasing'.
Ask for the Shared Ownership Guide for more information, eligibility & next steps.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Edward Point, 59 London Road, Barking, IG11
Additional Information
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Property refQCH250492
-
EPCB
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TenureLeasehold
-
Lease length985 years
-
Council TaxC
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Local authorityLondon Borough Of Barking and Dagenham
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Ground RentContact the branch
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Ground Rent ReviewContact the branch
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Service Charge£2,437
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Your Move Estate Agents Chadwell Heath
Your Move Chadwell Heath
35 High Road, Chadwell Heath, Romford, RM6 6QJ
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