According to the public record, 294, Gurney Close, Barking is a modern leasehold apartment with 419 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Gurney Close, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
294, Gurney Close, Barking has 31 entries in the Land Registry database, most recently in July 2022 and a single entry in the EPC database dated April 2021.
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 294 Gurney Close Barking as £178,157 and the rental value as £1,212 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 294 Gurney Close Barking has increased by £1,902 (1.1%) and its rental value has increased by £52 per month (4.3%).
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 294, Gurney Close, Barking is in very good condition we estimate a sale value of £187,065 and rental value of £1,273 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £165,686 and a rental value of £1,128 per month.
If you were able to purchase this property for the estimated value of £178,157, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £876 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, 294, Gurney Close, Barking was last sold on 26 Jul 2022 for £153,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2022, the market for similar properties has dropped 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 294, Gurney Close, Barking within a radius of 360 metres over the last 2 years.
The most recent example is 192, Gurney Close, Barking, IG11 8JZ, a Leasehold flat which sold for £185,000 in Jan 2020.
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, 294, Gurney Close, Barking is the 299th largest and the 310th most expensive property on the street.
When compared to the postcode district it is £162k less expensive than the average property in IG11.
294, Gurney Close, Barking has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 Apr 2021.
The property is not connected to mains gas and has single glazed windows. It is heated using electric heaters.
The closest station to 294, Gurney Close, Barking is Barking station which is 600 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 294, Gurney Close, Barking, 52.0% of property is privately rented and 22.0% is privately owned with a mortgage.
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 294, Gurney Close, Barking, 30.7% of residents are recorded as possessing school level qualifications and 40.8% 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 294, 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 294, Gurney Close, Barking, 0.3% 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 294, Gurney Close, Barking, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.