According to the public record, 1, Lockwell Road, Dagenham is a modern leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Lockwell Road, Dagenham, RM10 is located in the borough of Barking and Dagenham within the RM10 postal district.
1, Lockwell Road, Dagenham has 21 entries in the Land Registry database, most recently in September 2022 and a single entry in the EPC database dated January 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Lockwell Road Dagenham as £239,275 and the rental value as £1,437 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 1 Lockwell Road Dagenham has increased by £1,346 (0.6%) and its rental value has increased by £83 per month (5.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Lockwell Road, Dagenham is in very good condition we estimate a sale value of £251,239 and rental value of £1,509 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £222,526 and a rental value of £1,336 per month.
If you were able to purchase this property for the estimated value of £239,275, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,176 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Lockwell Road, Dagenham was last sold on 09 Sep 2022 for £255,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2022, the market for similar properties has dropped 3.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Lockwell Road, Dagenham within a radius of 420 metres over the last 2 years.
The most recent example is 204A, Halbutt Street, Dagenham, RM9 5AA, a Leasehold flat which sold for £200,000 in Jul 2021.
Read more about house prices in RM10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lockwell Road, Dagenham, RM10 has a total of 62 addresses. According to our analysis of all the public data, 1, Lockwell Road, Dagenham is the 58th largest and the 59th most expensive property on the street.
When compared to the postcode district it is £91k less expensive than the average property in RM10.
1, Lockwell Road, Dagenham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Jan 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 1, Lockwell Road, Dagenham is Dagenham Heathway station which is 1.4 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Lockwell Road, Dagenham, 33.1% of property is privately owned with a mortgage and 30.2% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Lockwell Road, Dagenham, 25.9% of residents are recorded as possessing school level qualifications and 37.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Lockwell Road, Dagenham, the average age was 34.7 and the most common age was 12.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Lockwell Road, Dagenham, 0.2% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Lockwell Road, Dagenham, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.