An affordable view of the Thames: London's next property hotspot?

The regeneration of Barking Riverside is beginning, with a new transport link and 10,800 new homes - almost all of them affordable.
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A new riverside district with 10,800 new homes - and with most of them classified as “affordable”-  is a true London rarity. Almost all of the capital’s new waterfront homes are targeted at high earners and others who have already climbed well up the property ladder.

Barking, in Zone 4, is the location of this new district. Why? Because it is one of the capital’s cheapest areas - the raw end of old east London, beyond Canary Wharf and Stratford, where the industrial legacy of derelict factories, breakers’ yards, freight depots, power stations and refineries still clings to the banks of the Thames.


It is early days, but regeneration is beginning to take hold. Barking Riverside, the new address, has more than a mile of river frontage that is being opened up to the public for the first time in generations. It is also getting a new transport link with an extension of the London Overground. Bellway is the main developer and the masterplan envisages eight neighbourhoods, or “character areas”, making up a small town with 25,000 residents. 

About 140 acres will be open space, while a potential spin-off for the community is cheap energy captured from surplus power station steam dumped into the Thames.

City East, comprising apartments and townhouses, is the latest launch. Prices from £189,995. Call 020 8594 9709.

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