Summary - Loxford Road, Barking, IG11 IG11 8SD
1 bed 1 bath Flat
Affordable one-bedroom shared ownership flat with fast Central London links and private balcony..
55% shared ownership price £126,500 based on £230,000 valuation
Low minimum deposit option — 5% required
Private balcony and bright open-plan living area
Good transport: 7-minute walk to Barking Station, Central London <30 mins
Total monthly cost approx £441.53 (rent + service charge)
Service charge £2,414.28 per year; ask about other landlord fees
Electric room heaters (no central gas) — potentially higher energy costs
Area: very deprived with above-average crime; consider resale implications
Bright one-bedroom apartment in Prioress House offers an accessible route onto the property ladder through Shared Ownership. The flat is modern (built 2007–2011), double-glazed with a private balcony and a practical open-plan living area that benefits from natural light. The 55% share price is £126,500 (based on a £230,000 valuation) with a low minimum deposit option of 5%.
Location is a key strength: Barking Station is about a 7-minute walk, with District, Hammersmith & City, Overground and c2c services giving Central London connections in under 30 minutes. Local shops, supermarkets, gyms and Barking Park are all within short walking distance, and several primary schools — including Northbury and St Joseph’s — are nearby.
Buyers should note the running costs and local context. Total monthly charges are approximately £441.53 (rent £240.34 plus service charge £201.19); the advertised annual service charge is £2,414.28. Heating is by electric room heaters rather than central gas, which may increase energy bills. The area records above-average crime and is classified as very deprived, which may concern some buyers and could affect resale values.
This flat suits a first-time buyer or investor seeking an affordable London entry point with good transport links. It offers straightforward, low-maintenance accommodation with potential to personalise, but be realistic about ongoing service and rent costs, local socio-economic factors, and the need for energy-conscious budgeting.
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