According to the public record, 8, Sparks Close, Dagenham is a modern leasehold apartment with 430 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Sparks Close, Dagenham, RM8 is located in the borough of Barking and Dagenham within the RM8 postal district.
8, Sparks Close, Dagenham has 21 entries in the Land Registry database, most recently in October 2018 and a single entry in the EPC database dated November 2016.
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 Sparks Close Dagenham as £198,550 and the rental value as £1,156 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 8 Sparks Close Dagenham has increased by £2,290 (1.2%) and its rental value has increased by £69 per month (6.0%).
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, Sparks Close, Dagenham is in very good condition we estimate a sale value of £208,478 and rental value of £1,213 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £184,652 and a rental value of £1,075 per month.
If you were able to purchase this property for the estimated value of £198,550, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £976 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, Sparks Close, Dagenham was last sold on 04 Oct 2018 for £206,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2018, the market for similar properties has risen 13.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Sparks Close, Dagenham within a radius of 430 metres over the last 2 years.
The most recent example is 2, Blanchard Apartments 13, Ager Avenue, Dagenham, RM8 1DY, a Leasehold flat which sold for £215,000 in Aug 2022.
Read more about house prices in RM8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sparks Close, Dagenham, RM8 has a total of 18 addresses. According to our analysis of all the public data, 8, Sparks Close, Dagenham is the 16th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £151k less expensive than the average property in RM8.
8, Sparks Close, Dagenham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Nov 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 8, Sparks Close, Dagenham is Chadwell Heath station which is 800 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, Sparks Close, Dagenham, 33.6% of property is privately owned with a mortgage and 25.4% is socially 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, Sparks Close, Dagenham, 28.3% of residents are recorded as possessing school level qualifications and 34.4% 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 8, Sparks Close, Dagenham, the average age was 33.4 and the most common age was 7.
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, Sparks Close, Dagenham, 0.3% 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, Sparks Close, Dagenham, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.