According to the public record, 8, Loftus Road, Barking is a modern house with 1,130 ft2 of internal area and sits on a 1,235 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Loftus Road, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
8, Loftus Road, Barking has no records in the Land Registry database and a single entry in the EPC database dated November 2022.
We combine this information with public data 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 Loftus Road Barking as £347,154 and the rental value as £1,872 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 8 Loftus Road Barking has increased by £5,670 (1.6%) and its rental value has increased by £91 per month (4.9%).
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, Loftus Road, Barking is in very good condition we estimate a sale value of £364,512 and rental value of £1,965 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £322,853 and a rental value of £1,741 per month.
If you were able to purchase this property for the estimated value of £347,154, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,706 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, 8, Loftus Road, Barking sits on a plot of 1235m2.
We have plot size data on 6 out of 14 other houses in the postcode and 8, Loftus Road, Barking sits on the largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Loftus Road, Barking within a radius of 330 metres over the last 2 years.
The most recent example is 109, Glenny Road, Barking, IG11 8QG, a Freehold house which sold for £385,000 in Nov 2019.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Loftus Road, Barking, IG11 has a total of 25 addresses. According to our analysis of all the public data, 8, Loftus Road, Barking is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £7k more expensive than the average property in IG11.
8, Loftus Road, Barking has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Nov 2022.
The property is connected to mains gas and has fully triple glazed windows. It is heated using a boiler and radiators.
The closest station to 8, Loftus Road, Barking is Barking 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 8, Loftus Road, Barking, 57.1% of property is socially rented and 30.7% 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, Loftus Road, Barking, 39.3% of residents are recorded as possessing school level qualifications and 38.8% 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, Loftus Road, 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, Loftus Road, Barking, 0.2% 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, Loftus Road, 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.