Homebuyer incentives in Barking: shared-ownership flats in new east London suburb come with free travel for a year

10,000 new homes with shared-ownership are available at Barking Riverside's new development, where homeowners are also offered incentives such as an NHS wellbeing initiative.
David Spittles19 August 2019

Save £2,000 and get free travel in London for 12 months when you buy a one-bedroom shared-ownership home in a new east London neighbourhood.

That’s the offer currently being dangled at Barking Riverside, which a year ago was not even recognised by satnav.

This pioneering new address is rising on 440 acres of former industrial land alongside the tidal Thames where mudflats and a nature reserve attract wading birds — and twitchers — from afar.

The project is a joint venture between housing association L&Q and the Mayor of London.

More than 10,000 homes are being built alongside new schools and other community facilities, and City Hall is investing £300 million in infrastructure improvements, starting with a new Overground station and river bus pier, ready in 2021.

Environmental innovations such as an underground waste recycling system that avoids conventional bin lorry collections are part of this new mix, along with an NHS wellbeing initiative.

Parklands, above, the first phase of homes at Barking Riverside, has flats priced from £242,500, or £60,625 for a 25 per cent share. Call 020 8617 1747 for more details.

The 45-minute commute to central London will be reduced to 22 minutes when the new Overground station opens.

From £242,500: flats at Barking Riverside's Parklands where free London travel is thrown in

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