According to the public record, 42, Essex Road, Barking is a period house with 925 ft2 of internal area and sits on a 213 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Essex Road, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
42, Essex Road, Barking has no records in the Land Registry database and a single entry in the EPC database dated August 2023.
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 42 Essex Road Barking as £377,674 and the rental value as £2,041 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 42 Essex Road Barking has increased by £10,350 (2.7%) and its rental value has increased by £138 per month (6.8%).
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 42, Essex Road, Barking is in very good condition we estimate a sale value of £396,558 and rental value of £2,143 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £351,237 and a rental value of £1,898 per month.
If you were able to purchase this property for the estimated value of £377,674, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,856 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 data from HM Land Registry, 42, Essex Road, Barking sits on a plot of 213m2.
We have plot size data on 18 out of 38 other houses in the postcode and 42, Essex Road, Barking sits on the 3rd largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Essex Road, Barking within a radius of 390 metres over the last 2 years.
The most recent example is 39, Surrey Road, Barking, IG11 7QT, a Freehold house which sold for £315,000 in Aug 2023.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Essex Road, Barking, IG11 has a total of 109 addresses. According to our analysis of all the public data, 42, Essex Road, Barking is the 71st largest and the 87th most expensive property on the street.
When compared to the postcode district it is £37k more expensive than the average property in IG11.
42, Essex Road, Barking has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Aug 2023.
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 42, Essex Road, Barking is Upney station which is 800 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 42, Essex Road, Barking, 44.4% of property is privately rented and 31.3% 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 42, Essex Road, Barking, 29.0% of residents are recorded as possessing school level qualifications and 34.0% 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 42, Essex Road, Barking, the average age was 34.5 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 42, Essex 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 42, Essex Road, 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.