According to the public record, 315, Longbridge Road, Barking is a early-century leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Longbridge Road, Barking, IG11 is located in the borough of Redbridge within the IG11 postal district.
315, Longbridge Road, Barking has a single entry in the Land Registry database from May 2019 and a single entry in the EPC database dated October 2018.
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 315 Longbridge Road Barking as £279,878 and the rental value as £1,754 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of 315 Longbridge Road Barking has increased by £3,943 (1.4%) and its rental value has increased by £93 per month (5.3%).
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 315, Longbridge Road, Barking is in very good condition we estimate a sale value of £293,872 and rental value of £1,842 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £260,287 and a rental value of £1,631 per month.
If you were able to purchase this property for the estimated value of £279,878, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,376 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, 315, Longbridge Road, Barking was last sold on 24 May 2019 for £250,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2019, the market for similar properties has risen 8.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 315, Longbridge Road, Barking within a radius of 460 metres over the last 2 years.
The most recent example is 276A, Longbridge Road, Barking, IG11 9EJ, a Leasehold flat which sold for £256,000 in Nov 2021.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Longbridge Road, Barking, IG11 has a total of 839 addresses. According to our analysis of all the public data, 315, Longbridge Road, Barking is the 188th largest and the 181st most expensive property on the street.
When compared to the postcode district it is £61k less expensive than the average property in IG11.
315, Longbridge Road, Barking has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Oct 2018.
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 315, Longbridge Road, Barking is Upney station which is 1.1 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 315, Longbridge Road, Barking, 34.6% of property is privately owned outright and 33.1% is socially 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 315, Longbridge Road, Barking, 18.9% of residents are recorded as possessing school level qualifications and 28.8% 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 315, Longbridge Road, Barking, the average age was 34.7 and the most common age was 12.
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 315, Longbridge Road, 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 315, Longbridge Road, Barking, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.