According to the public record, 7, Oakley Avenue, Barking is a early-century freehold house with 1,550 ft2 of internal area and sits on a 315 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Oakley Avenue, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
7, Oakley Avenue, Barking has a single entry in the Land Registry database from May 2007 and a single entry in the EPC database dated June 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 7 Oakley Avenue Barking as £642,734 and the rental value as £2,817 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 7 Oakley Avenue Barking has decreased by £8,498 (1.3%) and its rental value has increased by £72 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 7, Oakley Avenue, Barking is in very good condition we estimate a sale value of £674,870 and rental value of £2,958 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £597,742 and a rental value of £2,620 per month.
If you were able to purchase this property for the estimated value of £642,734, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,159 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, 7, Oakley Avenue, Barking sits on a plot of 315m2.
We have plot size data on 21 out of 38 other houses in the postcode and 7, Oakley Avenue, Barking sits on the 5th largest plot.
According to HM Land Registry, 7, Oakley Avenue, Barking was last sold on 18 May 2007 for £419,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2007, the market for similar properties has risen 76.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Oakley Avenue, Barking within a radius of 500 metres over the last 2 years.
The most recent example is 114, Beccles Drive, Barking, IG11 9HZ, a Freehold house which sold for £575,000 in Jul 2022.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oakley Avenue, Barking, IG11 has a total of 38 addresses. According to our analysis of all the public data, 7, Oakley Avenue, Barking is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £302k more expensive than the average property in IG11.
7, Oakley Avenue, Barking has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Jun 2019.
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 7, Oakley Avenue, 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 7, Oakley Avenue, Barking, 41.6% of property is privately owned with a mortgage and 29.6% 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 7, Oakley Avenue, Barking, 33.1% of residents are recorded as possessing school level qualifications and 35.5% 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 7, Oakley Avenue, 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 7, Oakley Avenue, Barking, 0.6% 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 7, Oakley Avenue, Barking, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.