According to the public record, 2A, Pickering Road, Barking is a modern leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2, Pickering Road, Barking, IG11.
Pickering Road, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
2A, Pickering Road, Barking has 2 entries in the Land Registry database, most recently in September 2017 and a single entry in the EPC database dated March 2015.
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 2A Pickering Road Barking as £247,009 and the rental value as £1,545 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of 2A Pickering Road Barking has increased by £3,749 (1.5%) and its rental value has increased by £77 per month (5.0%).
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 2A, Pickering Road, Barking is in very good condition we estimate a sale value of £259,359 and rental value of £1,622 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £229,718 and a rental value of £1,436 per month.
If you were able to purchase this property for the estimated value of £247,009, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,214 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, 2A, Pickering Road, Barking was last sold on 08 Sep 2017 for £245,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2017, the market for similar properties has risen 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2A, Pickering Road, Barking within a radius of 310 metres over the last 2 years.
The most recent example is Flat 31, Sixpenny Court, Tanner Street, Barking, IG11 8PQ, a Leasehold flat which sold for £261,000 in Feb 2024.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pickering Road, Barking, IG11 has a total of 47 addresses. According to our analysis of all the public data, 2A, Pickering Road, Barking is the 34th largest and the 34th most expensive property on the street.
When compared to the postcode district it is £93k less expensive than the average property in IG11.
2A, Pickering Road, Barking has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Mar 2015.
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 2A, Pickering Road, Barking is Barking station which is 300 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 2A, Pickering Road, Barking, 39.4% of property is socially rented and 36.1% 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 2A, Pickering Road, Barking, 22.6% of residents are recorded as possessing school level qualifications and 41.4% 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 2A, Pickering 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 2A, Pickering Road, 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 2A, Pickering 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.