According to the public record, 8 Aveley Mansions, Barking is a early-century leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in Aveley Mansions, Whiting Avenue, Barking, IG11.
Whiting Avenue, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
8 Aveley Mansions, Barking has a single entry in the Land Registry database from December 2022 and a single entry in the EPC database dated October 2014.
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 8 Aveley Mansions Barking as £195,848 and the rental value as £1,368 per month giving an expected gross yield of 8.4%.
Over the last 12 months the sale value of 8 Aveley Mansions Barking has increased by £3,225 (1.6%) and its rental value has increased by £72 per month (5.3%).
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 8 Aveley Mansions, Barking is in very good condition we estimate a sale value of £205,640 and rental value of £1,437 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £182,138 and a rental value of £1,272 per month.
If you were able to purchase this property for the estimated value of £195,848, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £963 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, 8 Aveley Mansions, Barking was last sold on 21 Dec 2022 for £222,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2022, the market for similar properties has dropped 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8 Aveley Mansions, Barking within a radius of 400 metres over the last 2 years.
The most recent example is Flat 48, 1, Harbard Close, Barking, IG11 8SG, a Leasehold flat which sold for £205,000 in Dec 2023.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Whiting Avenue, Barking, IG11 has a total of 189 addresses. According to our analysis of all the public data, 8 Aveley Mansions, Barking is the 119th largest and the 154th most expensive property on the street.
When compared to the postcode district it is £145k less expensive than the average property in IG11.
8 Aveley Mansions, Barking has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Oct 2014.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 8 Aveley Mansions, Barking is Barking station which is 600 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 8 Aveley Mansions, Barking, 53.9% of property is socially rented and 27.3% 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 8 Aveley Mansions, Barking, 35.8% of residents are recorded as possessing school level qualifications and 31.7% 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 8 Aveley Mansions, 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 8 Aveley Mansions, Barking, 0.5% 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 8 Aveley 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.