An ‘affordable’ housing development for first time buyers is coming to Barking.
The flats will only be sold to those who already live and work within the borough, first time buyers and those eligible for affordable housing. Buy-to-let investors are excluded.
The homes, which are not yet priced, will be sold at least 20 per cent below market value, claim developers Pocket Living.
The 78 flats in the development form a “car free development” - but each flat comes with a bike space.
“This scheme will help regenerate Barking town centre and bring a stable community of owner-occupiers to the area,” said a Pocket Living spokeswoman.
They say the homes aren’t for “very low” earners and don’t replace the need for social housing. They aim to provide an affordable way for middle-earning Londoners to access stable homes.
Other residents of Whiting Avenue launched a petition against the development.
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