According to the public record, 501, Bath House 5, Barking is a modern leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Bath House, Arboretum Place, Barking, IG11.
Arboretum Place, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
501, Bath House 5, Barking has 2 entries in the Land Registry database, most recently in February 2019 and a single entry in the EPC database dated June 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 501 Bath House 5 Barking as £316,959 and the rental value as £1,755 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 501 Bath House 5 Barking has increased by £2,384 (0.8%) and its rental value has increased by £77 per month (4.4%).
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 501, Bath House 5, Barking is in very good condition we estimate a sale value of £332,807 and rental value of £1,843 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £294,772 and a rental value of £1,632 per month.
If you were able to purchase this property for the estimated value of £316,959, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,558 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, 501, Bath House 5, Barking was last sold on 28 Feb 2019 for £275,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2019, the market for similar properties has risen 3.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 501, Bath House 5, Barking within a radius of 350 metres over the last 2 years.
The most recent example is 35, Cooke Street, Barking, IG11 7AF, a Leasehold flat which sold for £250,000 in Nov 2021.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Arboretum Place, Barking, IG11 has a total of 479 addresses. According to our analysis of all the public data, 501, Bath House 5, Barking is the 44th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £23k less expensive than the average property in IG11.
501, Bath House 5, Barking has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Jun 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to 501, Bath House 5, Barking is Barking station which is 300 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 501, Bath House 5, Barking, 40.0% of property is socially rented and 27.0% 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 501, Bath House 5, Barking, 22.0% of residents are recorded as possessing school level qualifications and 31.6% 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 501, Bath House 5, 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 501, Bath House 5, Barking, 1.8% 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 501, Bath House 5, 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.