Residential developer L&Q has released its final phase of two-bedroom shared ownership apartments at the award-winning Weavers Quarter in Barking.
The regeneration project has homes with starting deposits of £8,925 for a two-bedroom apartment, with the aim to attract first-time and single buyers.
The properties are located less than half a mile from Barking train station, and residents can get a service into Fenchurch Street that takes around 15 minutes. There are also links on the underground to Liverpool Street with a journey that takes just over 20 minutes.
Prices for the homes are from £89,250 for a 30% share of a two-bedroom apartment, with the full market value being £295,000.
Claire Brenlund, sales and customer service director for L&Q’s East region, said: “Few London boroughs are seeing transformation quite like Barking & Dagenham. With GDP in the borough forecasted to grow at one of London’s fastest rates over the coming years, first-time buyers are naturally swarming to the area.
“As well as new developments, Barking centre is increasingly becoming a hotspot for independent cafes, restaurants and fashion boutiques, following in the footsteps of other East London neighbourhoods. Weavers Quarter is a prime example of what can be achieved in a well-thought through regeneration project, creating affordable home ownership opportunities to both local buyers and London first-time buyers.”
Weavers Quarter achieved Best Urban Regeneration at the First Time Buyer Readers’ Awards 2018, and Highly Commended for Best Development in the Affordable Homes Sector at the London Evening Standard New Homes Awards 2018.
Its show apartment is open Thursday to Monday between 10am to 5pm, as well as Sunday and bank holidays between 10am and 4pm. Viewings are by appointment only.
Applications are being accepted from those living and working across London and Essex. Register interest at: www.lqpricedin.co.uk/weavers-quarter