According to the public record, 2A, Groveway, Dagenham is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 884 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Groveway, Dagenham, RM8 is located in the borough of Barking and Dagenham within the RM8 postal district.
2A, Groveway, Dagenham has a single entry in the Land Registry database from March 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2A Groveway Dagenham as £397,912 and the rental value as £1,870 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 2A Groveway Dagenham has increased by £2,290 (0.6%) and its rental value has increased by £102 per month (5.5%).
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, Groveway, Dagenham is in very good condition we estimate a sale value of £417,807 and rental value of £1,963 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £370,058 and a rental value of £1,739 per month.
If you were able to purchase this property for the estimated value of £397,912, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,956 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, Groveway, Dagenham was last sold on 09 Mar 2007 for £195,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2007, the market for similar properties has risen 105.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2A, Groveway, Dagenham within a radius of 420 metres over the last 2 years.
The most recent example is 94, Bushgrove Road, Dagenham, RM8 3SH, a Freehold house which sold for £350,000 in Apr 2021.
Read more about house prices in RM8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Groveway, Dagenham, RM8 has a total of 139 addresses. According to our analysis of all the public data, 2A, Groveway, Dagenham is the 17th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £48k more expensive than the average property in RM8.
The closest station to 2A, Groveway, Dagenham is Becontree station which is 1.3 kilometres 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, Groveway, Dagenham, 29.2% of property is privately owned with a mortgage and 27.7% 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 2A, Groveway, Dagenham, 26.1% of residents are recorded as possessing school level qualifications and 33.7% 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 2A, Groveway, Dagenham, the average age was 34.7 and the most common age was 12.
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, Groveway, Dagenham, 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 2A, Groveway, Dagenham, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.