Research published by Eurostat reports UK home buyers prefer to live in a house, with an enormous 86% of Brits living in a detached, semi or terraced home instead of an apartment – considerably higher than the European average of 52%.
Such demand often results in premium prices, especially in London, where the average terraced house costs a staggering £878,760 – forcing many families to leave the capital, unable to find the perfect forever home for an affordable price.
Barking Riverside is one of the UK’s most ambitious and significant new developments, and L&Q has recently launched their first phase of four-bedroom townhouses at the London development, all of which are available through the Government’s Help to Buy scheme.
Gavin Stewart, Sales & Customer Services Director for L&Q’s East region, comments, “It’s common knowledge that house prices in the capital are out of reach for many buyers, which is why we wanted to offer as many options and different housing tenures as possible, and ensure our first phase of homes stayed within the Help to Buy threshold.
“Our townhouses all come with parking, and are priced at £525,000 – more than £300,000 less than the capital’s average for a terraced home, and all within an easy commute of the City.”
Alongside 11 four bedroom townhouses, 20 one, two and three bedroom apartments have recently launched at Parklands, which will sit alongside a significant new park on the development, ‘The Wilds’, offering residents easy access to a nature reserve, pond habitats, and adventure play area. As the capital’s only ‘Healthy New Town’, Barking Riverside homes will be built around a GP surgery, sports facilities and open spaces.
After a visit to the site, Kate Faulkner, one of the UK’s leading independent property experts, commented, “For you to have access to anything like [Barking Riverside] on the river Thames, you’ve got to be a multi-millionaire, typically. And what I love about this is that this is not aimed at purely multi-millionaires. This means that [the] people who are hardworking, getting up, going to work every single day… this is for real people.
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, while the townhouses enjoy private rear gardens.
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.
Crucial infrastructure in the pipeline includes a new Barking Riverside station, due to open in 2021, which is part of a £263 million extension to the London Overground. Once up and running, residents at Barking Riverside will be able to reach central London in just 22 mins.
The site is ideally placed for connections to the A13, A406, M25 and M11. Barking is also part of the London Cycle Super Highway, with the journey to Stratford taking less than 45 mins from Barking Riverside.
Prices for homes at Parklands start from £249,950 for a 1 bedroom apartment, £319,950 for a two bedroom apartment and £360,000 for a 3 bedroom apartment. Townhouses are all priced at £525,000.
The L&Q sales suite is open 7 days a week, 10am – 5pm Monday to Saturday, and 10am – 4pm Sundays. To arrange an appointment, please register interest at Barkingriverside.london, or call 020 8617 1747.