04 Aug L&Q Launches New Private Rental Homes at Barking Riverside, following a sell-out first phase
The demand for rental homes in the capital has never been higher, with a recent landlord survey revealing that tenant demand was at its highest level ever in the first quarter of 2023, and 65% higher than the first quarter of 2022.*
Meeting this demand for rental homes in the capital is L&Q, having recently launched a range of unique, contemporary one, two, three and four- bedroom rental apartments at Barking Riverside. Reflective of this demand, 100% of homes in its first phase were reserved within two weeks and the first move in also took place just two weeks after launching.
Offering fantastic value for money in the capital, one-bedroom apartments start from just £1,200 per month, 59% lower than London’s average monthly rental costs.
Lukman Ahmed, PRS and Commercial Director at L&Q comments, “We’re proud to be delivering much needed rental developments in the capital, and particularly in Barking, an area which has become an increasingly attractive option for those seeking a rental apartment in London. Barking Riverside is already one of London’s most important new developments with an exciting array of lifestyle and leisure facilities emerging, on the banks of the country’s most iconic waterway.”
Barking Riverside is a joint venture between L&Q and the Mayor of London and L&Q’s newest PRS development at Barking Riverside further demonstrates its commitment to being long-term stewards of the area, bringing forward a thriving new community and the necessary infrastructure. L&Q’s newest development adds to the organisation’s growing collection of build to rent homes across the capital, adding a positive contribution to London’s rental supply and helping to alleviate shortages in areas with high demand.
Homes at Barking Riverside bring modern, flexible living spaces to an up-and-coming destination. All L&Q’s homes feature spacious open-plan kitchen/dining areas, with contemporary kitchens which make for the ultimate entertaining zone. Sizable bedrooms benefit from large windows, which fill the rooms with natural light. Principal bedrooms have ensuites and all bathrooms are fitted with modern white sanitaryware and chrome fixtures.
A must-have for modern living, every home has a private balcony or terrace, and the development is pet-friendly too. Removing the hassle of purchasing furniture, renters can opt for bespoke furniture packages, available at additional monthly cost. Parking spaces are also available on select apartments.
New residents benefit from a wide range of amenities at Barking Riverside. A short walk from L&Q’s new private rental homes is The Wilds, an ecology, community and events space which includes its own café, GROUNDED, as well as co-working spaces, perfect for young professionals seeking an alternative to working from home. Perfect for families, the development is also home to the Oystercatcher Playpark and a network of walking and cycling routes which make exploring the 2km of river frontage even easier. Schools on site include primary schools plus Riverside Secondary School, which recently received an Outstanding Ofsted rating.
Well connected for commuters, from the Barking Riverside station, the new Overground route offers journey times of just 22 minutes into Central London. Further connections via the Hammersmith and City line, District line, and the C2C services all run from nearby Barking Station, which is just a 7-minute journey from Barking Riverside. By river, the Uber Boat by Thames Clippers connects Barking Riverside to Woolwich in just 9 minutes, from where the DLR is directly accessible.
Plans are underway for a new Wellbeing Hub, which will be built by the London Borough of Barking and Dagenham. Appealing to eco-conscious renters, Barking Riverside is home to an innovative sustainable and effective waste collection system by Swedish company Envac, promoting a clean and pleasant living environment.
Prices for L&Q’s rental apartments start from £1,200pcm for a one-bedroom apartment.
