According to the public record, 16, Faulkner Close, Dagenham is a modern apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Faulkner Close, Dagenham, RM8 is located in the borough of Redbridge within the RM8 postal district.
16, Faulkner Close, Dagenham has no recent1 records in the Land Registry database and a single entry in the EPC database dated May 2019.
We combine this information with public data 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 16 Faulkner Close Dagenham as £241,561 and the rental value as £1,210 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 16 Faulkner Close Dagenham has increased by £1,858 (0.8%) and its rental value has increased by £66 per month (5.4%).
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 16, Faulkner Close, Dagenham is in very good condition we estimate a sale value of £253,639 and rental value of £1,271 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £224,652 and a rental value of £1,126 per month.
If you were able to purchase this property for the estimated value of £241,561, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,187 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, 16, Faulkner Close, Dagenham was last sold on 20 Aug 2003 for £117,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Faulkner Close, Dagenham within a radius of 390 metres over the last 2 years.
The most recent example is 41, Faulkner Close, Dagenham, RM8 1TE, a Leasehold flat which sold for £233,000 in May 2023.
Read more about house prices in RM8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Faulkner Close, Dagenham, RM8 has a total of 44 addresses. According to our analysis of all the public data, 16, Faulkner Close, Dagenham is the 23rd largest and the 26th most expensive property on the street.
When compared to the postcode district it is £108k less expensive than the average property in RM8.
16, Faulkner Close, Dagenham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 May 2019.
The property is not connected to mains gas and has full secondary glazing. It is heated using electric storage heaters.
The closest station to 16, Faulkner Close, Dagenham is Chadwell Heath station which is 100 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 16, Faulkner Close, Dagenham, 46.6% of property is privately rented and 18.2% is privately owned outright.
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 16, Faulkner Close, Dagenham, 24.2% 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 16, Faulkner Close, Dagenham, the average age was 34.2 and the most common age was 37.
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 16, Faulkner Close, Dagenham, 1.6% 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 16, Faulkner Close, Dagenham, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.