According to the public record, 5, The Drive, Barking is a early-century freehold house with 1,184 ft2 of internal area and sits on a 242 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
The Drive, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
5, The Drive, Barking has 21 entries in the Land Registry database, most recently in April 2021 and a single entry in the EPC database dated September 2019.
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 5 The Drive Barking as £507,454 and the rental value as £2,382 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 5 The Drive Barking has decreased by £6,710 (1.3%) and its rental value has increased by £61 per month (2.6%).
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 5, The Drive, Barking is in very good condition we estimate a sale value of £532,827 and rental value of £2,501 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £471,932 and a rental value of £2,215 per month.
If you were able to purchase this property for the estimated value of £507,454, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,494 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, 5, The Drive, Barking sits on a plot of 242m2.
We have plot size data on 19 out of 30 other houses in the postcode and 5, The Drive, Barking sits on the 4th largest plot.
According to HM Land Registry, 5, The Drive, Barking was last sold on 23 Apr 2021 for £520,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2021, the market for similar properties has risen 0.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, The Drive, Barking within a radius of 490 metres over the last 2 years.
The most recent example is 96, Beccles Drive, Barking, IG11 9HY, a Freehold house which sold for £485,000 in Sep 2023.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Drive, Barking, IG11 has a total of 46 addresses. According to our analysis of all the public data, 5, The Drive, Barking is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £167k more expensive than the average property in IG11.
5, The Drive, Barking has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 04 Sep 2019.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 5, The Drive, Barking is Upney station which is 200 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 5, The Drive, Barking, 65.0% of property is privately owned with a mortgage and 27.5% is privately owned outright.
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 5, The Drive, Barking, 29.5% of residents are recorded as possessing school level qualifications and 35.3% 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 5, The Drive, Barking, the average age was 34.7 and the most common age was 22.
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 5, The Drive, 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 5, The Drive, Barking, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.