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See how verdicts work2-bedroom flat · IG11 7EP
For saleListed 1 day
Opportunity summary
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About
*** Guide Price - £400,000 - £425,000*** STUNNING 7TH-FLOOR, NON-DMS APARTMENT WITH PRIVATE PARKING, PARK VIEWS & BALCONY | ABBEY QUAY An exceptional opportunity to purchase a beautifully presented, open-market apartment with allocated private parking in the sought-after Abbey Quay Riverside Quarter development.
Boasting two en-suite bedrooms, elevated park views, a private balcony and excellent transport connections, this is a standout home within Erken Plaza.
Offered on the open market, this property is NOT part of the Discount Market Sale (DMS) scheme and is therefore not subject to DMS-specific buyer eligibility or income restrictions.
Occupying a desirable 7th-floor position, the apartment is particularly impressive for its abundance of natural light, creating a bright, welcoming and airy atmosphere throughout.
The apartment enjoys an attractive outlook across the neighbouring Abbey Green.
Its elevated setting and private east-facing balcony create a bright and inviting living environment, with a wonderful outdoor space to enjoy morning sunshine and uninterrupted views of the surrounding park.
Inside, the apartment offers a spacious, contemporary open-plan living and dining area, complemented by a modern fitted kitchen.
Designed with comfort and practicality in mind, the thoughtfully arranged accommodation includes two generously proportioned bedrooms, both benefiting from en-suite bathroom facilities, including a bath and shower.
Fitted wardrobes provide convenient built-in storage, adding to the apartment's functionality.
A particularly valuable feature is the allocated private parking space, offering everyday convenience and a significant advantage over apartments in the development sold without parking.
Residents of Abbey Quay benefit from an impressive range of communal amenities, including a concierge service, landscaped podium gardens and co-working facilities, providing a convenient and welcoming environment for modern city living.
The location is ideal for commuters.
Barking Station is approximately a 9-minute walk away, offering excellent connections across London via the District and Hammersmith & City Underground lines, London Overground and National Rail services.
Barking Town Centre, supermarkets, shops, fitness facilities and everyday amenities are also within easy reach.
The apartment further benefits from an exceptionally long lease of approximately 996 years remaining, providing valuable long-term security for prospective buyers.
Combining open-market ownership, allocated private parking, two en-suite bedrooms and an elevated park-facing position, this apartment offers a distinctive combination of features within one of Barking's modern riverside developments.
Key Features: NON-DMS, open-market property - no DMS buyer eligibility or income restrictions Allocated private parking space 7th-floor position with elevated park views Two bedrooms with en-suite bathroom facilities Private east-facing balcony enjoying morning sunshine perfect for plants Bright, spacious open-plan living and dining area Designated store room Contemporary fitted kitchen and built-in bedroom storage Concierge service and secure residential development Landscaped communal podium gardens Residents' co-working facilities Approximately 9-minute walk to Barking Station Excellent Underground, Overground and National Rail connections Approximately 996-year lease remaining Convenient access to shops, supermarkets and local amenities An outstanding opportunity for buyers seeking a modern London home with the added benefits of private parking, open-market ownership and elevated green views Call Lux Homes today to book your appointment!
Tenure: Leasehold (996 years) Ground Rent: £0 per year Service Charge: £2,400 per year Kitchen/Living/Dining 13.5ft x 22.83ft Bedroom 1 9.08ft x 14.83ft En-suite 6.75ft x 7.67ft Master bedroom 9.92ft x 17.0ft En-suite 6.58ft x 7.67ft Outside 16.0ft x 5.25ft
Value & comps
No previous sales on record.
Returns
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Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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