Offers over
£130,000
1 bed flat for saleWakering Road, Barking IG11
1 bed
1 bath
1 reception
EPC Rating: C
About this property
Chain Free
Investor Opportunity
Town Centre Location
Attractive Apartment
Remedial Works Completed
Tri Fire EWS1 awaiting replacement
This property is available exclusively to cash purchasers due to the building’s pending replacement EWS1 form. Although remedial works have been completed, the previous EWS1 was signed off by Tri Fire Ltd and therefore needs to be reissued. For buyers with foresight, this represents a strong investment opportunity, as updated EWS1 forms are currently being rolled out in phases across a large number of L&Q managed buildings.
Situated on the top (9th) floor, this well-maintained one-bedroom flat is ideally located close to Barking Town Centre and Barking Railway Station. The accommodation includes a spacious double bedroom, a bright living room, a modern fitted kitchen and a contemporary three-piece bathroom suite.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Mortgage calculator
£650 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (106 years)
Service charge
£2,409 per year
Council tax band
C
Ground rent
£150
Ground rent date of next review
1st Jan 2027
Ground rent review period
Every 20 years



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