According to the public record, 23, Wheelers Cross, Barking is a mid-century apartment with 828 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Wheelers Cross, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
23, Wheelers Cross, Barking has no recent1 records in the Land Registry database and a single entry in the EPC database dated July 2014.
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 23 Wheelers Cross Barking as £215,796 and the rental value as £1,467 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 23 Wheelers Cross Barking has increased by £2,418 (1.1%) and its rental value has increased by £73 per month (5.0%).
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 23, Wheelers Cross, Barking is in very good condition we estimate a sale value of £226,585 and rental value of £1,540 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £200,690 and a rental value of £1,364 per month.
If you were able to purchase this property for the estimated value of £215,796, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,061 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, 23, Wheelers Cross, Barking was last sold on 31 Jan 2002 for £75,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Wheelers Cross, Barking within a radius of 530 metres over the last 2 years.
The most recent example is 60, The Clarksons, Barking, IG11 7JS, a Leasehold flat which sold for £250,000 in Oct 2021.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wheelers Cross, Barking, IG11 has a total of 101 addresses. According to our analysis of all the public data, 23, Wheelers Cross, Barking is the 38th largest and the 50th most expensive property on the street.
When compared to the postcode district it is £125k less expensive than the average property in IG11.
23, Wheelers Cross, Barking has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Jul 2014.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 23, Wheelers Cross, Barking is Upney 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 23, Wheelers Cross, Barking, 68.1% of property is socially rented and 16.0% is shared ownership.
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 23, Wheelers Cross, Barking, 43.1% of residents are recorded as possessing school level qualifications and 32.6% 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 23, Wheelers Cross, Barking, the average age was 29.8 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 23, Wheelers Cross, Barking, 0.0% 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 23, Wheelers Cross, 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.