Weston Homes launches GBP350m Abbey Quay development in Barking
Housebuilder Weston Homes has launched Abbey Quay in Barking, a new GBP350 million (GDV) six-acre riverside urban village providing 1,089 new one, two and three bedroom apartments of mixed tenure, all with their own private balcony or terrace, alongside 22,281 sq ft (2,070 sq m) of commercial and leisure space which is planned to include a new pavilion restaurant, local shops, cafés, gymnasium and community hub.
Abbey Quay is complete with pedestrian promenades, tree-lined avenues, stunning vistas, public artwork and landscaping.
At Abbey Quay Londoners are being provided with some of the most competitively priced high quality affordable housing in the capital, with private sale apartments priced from GBP327,000 for a one bedroom apartment, with local residents living or working in the Borough able to apply to purchase a Discount Market Sale apartment, priced from just GBP275,000 for a one bedroom apartment.
For first time buyers wanting to take part in Abbey Quay’s off plan sales launch Weston Homes has a First Time SecureBuy scheme which enables a purchaser to secure the home of their choice, at today’s price, for just a GBP500 reservation fee and a 5 per cent deposit upon exchange. Should the value of the property increase during construction the buyer will only pay the price given on the day they secured their property, and six months before build completion they can apply for a mortgage and complete the purchase of their new home.
Designed by award winning architectural practice Broadway Malyan, Abbey Quay consists of striking contemporary buildings , ranging from seven to 29 storeys, providing 1,089 apartments consisting of 737 private sale and 352 affordable housing homes including affordable rent, shared ownership and Discount Market Sale tenures. Dunstan Place and Erken Plaza are the first two apartment buildings to be built and launched in phase one of the development.
Bob Weston, Chairman & Chief Executive of Weston Homes says: “Abbey Quays is a new waterfront urban village adjacent to Barking Town Centre which brings aspirational and affordable waterfront living to Barking. Delivering striking new buildings, riverside public spaces and new retail and commercial facilities, the new community will provide much needed affordable housing for Londoners and compliment the existing town centre.”