Summary - 173 CHELMER CRESCENT BARKING IG11 0QA
2 bed 1 bath Flat
Lifetime Lease option can deliver significant upfront savings for buyers aged 60 and over.
Chain free first-floor two-bedroom flat, open-plan living area
Homewise Lifetime Lease example price £132,500 (age-dependent saving)
Leasehold with ~80 years remaining — mortgage lenders may refuse
Small overall size ~517 sq ft; compact rooms throughout
Close to Upney Tube, good bus and road links to Barking
Residents permit parking; on-street parking only
Area: above-average crime and very high deprivation — check suitability
Council tax very low; ground rent nominal (£8)
This compact two-bedroom first-floor flat offers a practical, low-cost entry for buyers aged 60+ through the Home for Life Lifetime Lease. The Homewise example price shown is £132,500 (guide), representing typical savings versus the full market value of £200,000; exact price depends on age and personal circumstances. The property is chain free and has an open-plan living area with a separate kitchen and one bathroom.
Location is convenient for commuters: Upney underground is nearby and there are good bus and road links into Barking town centre and Barking Station. Residents’ permit parking is available. The building is a mid‑20th-century mixed-use block with double glazing and gas central heating via boiler and radiators.
Important lease and condition facts: the flat is leasehold with approximately 80 years remaining — this may limit mortgage options as some lenders refuse lower-remaining-lease properties. The area scores high on deprivation and has above-average recorded crime; buyers should assess local suitability and safety. Council tax and nominal ground rent (£8) are low, and the property is small at about 517 sq ft, best suited to downsizers or investors comfortable with modest living space.
The flat will suit a buyer seeking affordability or an investor looking for a buy-to-let in a commuter area, but it is not a turnkey family home. There is scope for cosmetic updating; any purchaser must verify lease details, lender acceptability, and serviceability of appliances and heating before committing.
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