According to the public record, 6 Wheatley Mansions, Barking is a early-century leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Wheatley Mansions, Bevan Avenue, Barking, IG11.
Bevan Avenue, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
6 Wheatley Mansions, Barking has 2 entries in the Land Registry database, most recently in April 2023 and a single entry in the EPC database dated July 2020.
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 6 Wheatley Mansions Barking as £250,852 and the rental value as £1,601 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 6 Wheatley Mansions Barking has increased by £3,043 (1.2%) and its rental value has increased by £84 per month (5.2%).
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 6 Wheatley Mansions, Barking is in very good condition we estimate a sale value of £263,394 and rental value of £1,681 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £233,292 and a rental value of £1,489 per month.
If you were able to purchase this property for the estimated value of £250,852, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,233 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, 6 Wheatley Mansions, Barking was last sold on 28 Apr 2023 for £260,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2023, the market for similar properties has dropped 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6 Wheatley Mansions, Barking within a radius of 560 metres over the last 2 years.
The most recent example is 5 Graham Mansions, Lansbury Avenue, Barking, IG11 9NL, a Leasehold flat which sold for £260,000 in Feb 2022.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bevan Avenue, Barking, IG11 has a total of 163 addresses. According to our analysis of all the public data, 6 Wheatley Mansions, Barking is the 108th largest and the 118th most expensive property on the street.
When compared to the postcode district it is £90k less expensive than the average property in IG11.
6 Wheatley Mansions, Barking has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Jul 2020.
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 6 Wheatley Mansions, Barking is Upney station which is 400 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 6 Wheatley Mansions, Barking, 50.8% of property is socially rented and 23.5% 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 6 Wheatley Mansions, Barking, 30.9% of residents are recorded as possessing school level qualifications and 30.4% 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 6 Wheatley Mansions, Barking, the average age was 33.2 and the most common age was 42.
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 6 Wheatley Mansions, 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 6 Wheatley Mansions, 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.