- Buy in Barking with £12,000 deposit with Help to Buy
- Property Prices in Barking risen 46.34% in past 5 years – Zoopla
- Rising popularity for three bed apartments – Bellway
The contemporary new development by Bellway Homes at Barking Riverside should be high on the list for anyone that is looking to buy a home with an easy to commute into central London and a great range of amenities within easy reach, with a new phase of these popular apartments new to the market this month. The London Borough of Barking and Dagenham has a bold 20-year plan to revitalise the area, creating an exciting, dynamic, multi-cultural community which will continue to evolve, change and become more prosperous over the next two decades. The ‘can do’ Council approach is helping to unlock potential in the area and savvy buyers that get in early are sure to reap the rewards of buying in a burgeoning area.
The homes at Caspian Quarter, a collection of one, two and three bedroom apartments, have the added benefit of being available with Help to Buy. Savvy buyers are snapping up beautiful new build apartments with a deposit of £12,000, thanks to the Government’s equity loan and low-deposit scheme. In the past five years, property prices have risen a staggering 46.34% in the borough, according to Zoopla and this figure is set to continue its upward trajectory as increased wealth comes to the area.
Caspian Quarter has been very popular with millennials who are just getting their foot on the property ladder. Savvy friends have been buying three bedroom homes with the ambition of renting out the third room to help with bills and take the pressure out of mortgage payments. A third room also works out extremely well for buyers who have regular guests, parents to stay or need an extra room for working from home.
Gemma Bannister, Divisional Sales Manager at Bellway Homes Essex, comments:
“We are very proud to be part of this award-winning regeneration project that is improving the area around Barking Riverside. I have no doubt that this area is going to go from strength to strength over the next decade. The council are determined to upgrade schooling, improve health and well-being. They are also intent on ensuring that communities can thrive by investing in homes. This mirrors our ambitions for the area and the prospect of a railway extension in the future this will undoubtedly raise the areas wealth and profile.
“Our three bed apartments have been very popular. The extra options that another room gives is important to so many people. Many want a spare room that doubles as a home office, as working from home has become the norm for some many.”
Barking Riverside is a vibrant new community designed and built to offer the best in contemporary London living. Good transport links, first-rate community facilities and fantastic new homes in a variety of well-designed layouts make it an ideal neighbourhood in which to get on the property ladder.
Each property comes complete with a high-quality specification including flooring throughout and a parking space. The stylish kitchens are fitted with an integrated stainless steel oven and hob, fridge freezer and a washing machine plus a choice of units and worktops. Bathroom features include Roca Laura wall-hung washbasins with contemporary chrome taps and Bristan Artisan showers and all homes are wired for Virgin Media cable.
There are already well-regarded primary and secondary schools close by, with plans for more in the future within the Barking Riverside area. Locally there is ample open space to enjoy – 30 parks, country parks and wildlife reserves are located across the borough offering something for everyone.
Barking town centre is home to high-street and independent stores, as well as the local market, while further afield, concentrated retail therapy can be found at one of the largest shopping centres in Europe – Westfield at Stratford City.
Transport links to the heart of London are excellent with Underground services on the District and Hammersmith & City line. A busy London Overground station has trains to Fenchurch Street,Gospel Oak and Shoeburyness. The East London Transit is a high quality 24 hour bus service that provides a fast and direct link between Ilford, Barking Riverside and Dagenham Dock. There are also plans build a new London Overground line to the Barking Riverside development, so in the future, residents can benefit from much-improved travel connections. Canary Wharf and London City Airport can be reached in 15 minutes or less.
Prices for the new apartments at Caspian Quarter start from £244,995 for a one bedroom apartment; from £289,995 for a two bedroom apartment; and from £344,995 for a three bedroom apartment. To register interest ahead of the launch in September, call 01245 989 989 or visit www.bellway.co.uk.