According to the public record, 2, Lake Close, Dagenham is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 738 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Lake Close, Dagenham, RM8 is located in the borough of Barking and Dagenham within the RM8 postal district.
2, Lake Close, Dagenham has 31 entries in the Land Registry database, most recently in November 2006 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 2 Lake Close Dagenham as £377,884 and the rental value as £1,868 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 2 Lake Close Dagenham has increased by £1,291 (0.3%) and its rental value has increased by £97 per month (5.2%).
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 2, Lake Close, Dagenham is in very good condition we estimate a sale value of £396,779 and rental value of £1,961 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £351,432 and a rental value of £1,737 per month.
If you were able to purchase this property for the estimated value of £377,884, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,857 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, 2, Lake Close, Dagenham was last sold on 24 Nov 2006 for £234,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Lake Close, Dagenham within a radius of 420 metres over the last 2 years.
The most recent example is 139, Groveway, Dagenham, RM8 3XL, a Freehold house which sold for £410,000 in Jan 2024.
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, 2, Lake Close, Dagenham is the 10th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £28k more expensive than the average property in RM8.
The closest station to 2, 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 2, 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 2, 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 2, 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 2, 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 2, 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.