Following impressive sales success, the final apartments are expected to go quickly, with the first launch of 18 Private Sale homes having sold out within a month.
Following recent reports of house price growth in Barking having risen by 63.5% over the last five years – compared to 37.3% across London as a whole*, the new East London neighbourhood has already attracted a wide range of buyers, from young professionals commuting into the city to growing families looking for more space.
Included in the masterplan is provision for seven schools, with four already open and recently receiving some of the best results in the borough. Riverside Campus is the largest free school campus in the UK and will offer places for 2,600 pupils across a primary, secondary and special educational needs school.
Currently, Barking Riverside residents have Central London on their doorstep, with C2C trains running from nearby Dagenham Dock to London Fenchurch Street in 24 minutes. There are regular bus services running between the development and both Dagenham Dock and Barking Station, with the C2C, District and Hammersmith and City tube lines and London Overground running from the latter.
Homes at Parklands come equipped with contemporary kitchens, complete with gloss pearl units and a plethora of integrated top-of-the-range Zanussi appliances. Pristine bathrooms have smart white sanitaryware by Roca, as well as ceramic floor and wall tiles. The light-filled apartments each have their own outside balcony or terrace, each with access to communal outdoor areas.
All private sale apartments at Parklands will offer Londoners the chance to get on the property ladder through the Mayor of London’s ‘First Dibs’ initiative, with private sale homes at Parklands under £350,000 qualifying.
As well as one, two and three bedroom apartments, and four bedroom townhouses available through London Help to Buy, L&Q have one, two and three-bedroom apartments available through Shared Ownership.
Help to Buy prices start from £262,500 for a one bedroom apartment, and Shared Ownership prices start from £59,375 for 25% share for a one bedroom apartment with a full market value of £237,500.
* Dataloft, 2019