According to the public record, 137, Gurney Close, Barking is a modern leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Gurney Close, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
137, Gurney Close, Barking has 21 entries in the Land Registry database, most recently in March 2018 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 137 Gurney Close Barking as £258,594 and the rental value as £1,589 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 137 Gurney Close Barking has increased by £3,542 (1.4%) and its rental value has increased by £73 per month (4.6%).
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 137, Gurney Close, Barking is in very good condition we estimate a sale value of £271,524 and rental value of £1,669 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £240,492 and a rental value of £1,478 per month.
If you were able to purchase this property for the estimated value of £258,594, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,271 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, 137, Gurney Close, Barking was last sold on 07 Mar 2018 for £175,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2018, the market for similar properties has risen 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 137, Gurney Close, Barking within a radius of 450 metres over the last 2 years.
The most recent example is 53, Gurney Close, Barking, IG11 8JX, a Leasehold flat which sold for £243,000 in Feb 2024.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gurney Close, Barking, IG11 has a total of 314 addresses. According to our analysis of all the public data, 137, Gurney Close, Barking is the 44th largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £82k less expensive than the average property in IG11.
137, Gurney Close, Barking has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 Jan 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to 137, Gurney Close, Barking is Barking station which is 800 metres 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 137, Gurney Close, Barking, 69.5% of property is privately rented and 14.2% is socially 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 137, Gurney Close, Barking, 35.8% of residents are recorded as possessing school level qualifications and 32.2% 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 137, Gurney Close, Barking, the average age was 29.7 and the most common age was 32.
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 137, Gurney Close, Barking, 0.5% 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 137, Gurney Close, Barking, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.