According to the public record, 18, Lake Close, Dagenham is a leasehold house.
By comparing it to neighbours, we estimate that it is a modern house with 697 ft2 of internal area and sits on a 750 m2 plot and a garden.
Houses of this size in this area normally have 2 bedrooms.
Lake Close, Dagenham, RM8 is located in the borough of Barking and Dagenham within the RM8 postal district.
18, Lake Close, Dagenham has a single entry in the Land Registry database from August 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 18 Lake Close Dagenham as £366,614 and the rental value as £1,701 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 18 Lake Close Dagenham has increased by £3,496 (1.0%) and its rental value has increased by £100 per month (5.9%).
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 18, Lake Close, Dagenham is in very good condition we estimate a sale value of £384,945 and rental value of £1,786 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £340,951 and a rental value of £1,582 per month.
If you were able to purchase this property for the estimated value of £366,614, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,802 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 data from HM Land Registry, 18, Lake Close, Dagenham sits on a plot of 750m2.
We have plot size data on 18 out of 28 other houses in the postcode and 18, Lake Close, Dagenham sits on the largest plot.
According to HM Land Registry, 18, Lake Close, Dagenham was last sold on 29 Aug 2007 for £103,500 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Aug 2007, the market for similar properties has risen 95.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Lake Close, Dagenham within a radius of 420 metres over the last 2 years.
The most recent example is 16, Kilmarnock Gardens, Dagenham, RM8 2RE, a Freehold house which sold for £336,000 in Jan 2023.
Read more about house prices in RM8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lake Close, Dagenham, RM8 has a total of 28 addresses. According to our analysis of all the public data, 18, Lake Close, Dagenham is the 13th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £17k more expensive than the average property in RM8.
The closest station to 18, Lake Close, Dagenham is Chadwell Heath station which is 1.3 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 18, Lake Close, Dagenham, 33.1% of property is privately owned with a mortgage and 27.0% 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 18, Lake Close, Dagenham, 25.4% of residents are recorded as possessing school level qualifications and 29.7% 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 18, Lake Close, Dagenham, the average age was 33.4 and the most common age was 7.
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 18, Lake Close, Dagenham, 0.7% 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 18, Lake Close, Dagenham, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.