According to the public record, 3, Cape Close, Barking is a mid-century leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Cape Close, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
3, Cape Close, Barking has 21 entries in the Land Registry database, most recently in March 2020 and a single entry in the EPC database dated October 2015.
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 3 Cape Close Barking as £197,703 and the rental value as £1,378 per month giving an expected gross yield of 8.4%.
Over the last 12 months the sale value of 3 Cape Close Barking has increased by £3,001 (1.5%) and its rental value has increased by £69 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 3, Cape Close, Barking is in very good condition we estimate a sale value of £207,588 and rental value of £1,447 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £183,863 and a rental value of £1,282 per month.
If you were able to purchase this property for the estimated value of £197,703, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £972 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, 3, Cape Close, Barking was last sold on 16 Mar 2020 for £164,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2020, the market for similar properties has risen 4.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Cape Close, Barking within a radius of 310 metres over the last 2 years.
The most recent example is 148, Harts Lane, Barking, IG11 8NB, a Leasehold flat which sold for £200,000 in Mar 2024.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cape Close, Barking, IG11 has a total of 54 addresses. According to our analysis of all the public data, 3, Cape Close, Barking is the 45th largest and the 45th most expensive property on the street.
When compared to the postcode district it is £143k less expensive than the average property in IG11.
3, Cape Close, Barking has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Oct 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using warm air.
The closest station to 3, Cape Close, Barking is Barking station which is 500 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 3, Cape Close, Barking, 42.4% of property is socially rented and 29.1% 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 3, Cape Close, Barking, 30.9% of residents are recorded as possessing school level qualifications and 37.9% 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 3, Cape 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 3, Cape Close, 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 3, Cape 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.