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Cooke Street, Barking, Essex, IG11 7AF

Shared ownership

26 Cooke St., Barking, IG11 7AF

Sale under offer
Shared ownership
Photo of Cooke Street, Barking, Essex, IG11 7AF
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from

£62,500

with min. deposit

£3,125

25% Share from
£62,500
Full market price
£250,000
Minimum deposit
£3,125
Monthly rent
£395
Monthly service charge
£98.85
Reservation free
£300

2 bedroom flat

Two double bedroom apartment located on the first floor, the property offers an open plan living/dining room and modern kitchen, two generous bedrooms and a contemporary family bathroom. The property also benefits from a good size balcony that looks onto the lovely communal gardens.

For commuters Barking train station is just an 8 minute walk away and has connections all across London on the over ground service. Around the property you will find you have three supermarket super stores to choose from, a shopping centre and plenty or places to eat and drink out.  Just behind the property you will find Barking Abbey Grounds, a perfect place to …

Features

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area61.8
Number of floors1
Entrance floor1st floor
Tenureleasehold
Lease years109
EER Current87
EER Potential87
EIR Current87
EIR Potential87

from

£62,500

with min. deposit

£3,125

25% Share from
£62,500
Full market price
£250,000
Minimum deposit
£3,125
Monthly rent
£395
Monthly service charge
£98.85
Reservation free
£300
Complete Moves

Complete Moves

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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