Summary - RUNNEL COURT FLAT 20 SPRING PLACE BARKING IG11 7GF
2 bed 2 bath Apartment
Lifetime-lease option for over‑60s offering substantial potential savings.
- Compact modern second-floor apartment with private balcony
- Open-plan lounge/kitchen, two bedrooms, en-suite plus family bathroom
- Long lease c.108 years remaining (leasehold tenure)
- Home for Life example price £188,500; market value £285,000 (subject to age)
- Small overall size (c.335 sq ft) — rooms and storage limited
- Average service charge c.£2,800pa and ground rent £250pa
- Allocated off-street parking, lift to all floors, fast broadband
- Local area: close to Barking station; wider area classed as very deprived
This modern second-floor apartment offers a compact, low-maintenance home with a private balcony and lift access — appealing to over‑60s seeking convenience close to Barking town centre and station. The property is offered through a Home for Life Lifetime Lease example: a guided Lifetime Lease price of £188,500 (typical saving c.33% against market value £285,000) depending on age and circumstances. The scheme allows buyers aged 60+ to buy up to 50% share to safeguard capital.
Internally the layout is open-plan with a lounge/kitchen, two bedrooms, an en-suite and a separate bathroom. The long lease (approx. 108 years remaining), allocated off-street parking and double glazing are practical benefits; the building dates from 2007–2011 and includes gas central heating to radiators.
Be realistic about scale and costs: total floor area is small (c.335 sq ft), so rooms are compact and storage limited. Service charge and running costs are notable — an average service charge of c.£2,800pa and ground rent of £250pa — and the apartment is leasehold. The wider location is an inner‑city, very deprived area despite good transport links and local amenities.
This will suit someone wanting a manageable retirement base near transport and shops, who values a long lease and lift access, and who accepts compact living and recurring service charges. Buyers under 60 can purchase at the full market price instead of via the Lifetime Lease plan.
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