According to the public record, 31A, Ripple Road, Barking is a period leasehold apartment with 947 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 31, Ripple Road, Barking, IG11.
Ripple Road, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
31A, Ripple Road, Barking has 21 entries in the Land Registry database, most recently in May 2016 and a single entry in the EPC database dated March 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 31A Ripple Road Barking as £291,911 and the rental value as £1,918 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of 31A Ripple Road Barking has increased by £4,699 (1.6%) and its rental value has increased by £101 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 31A, Ripple Road, Barking is in very good condition we estimate a sale value of £306,506 and rental value of £2,014 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £271,477 and a rental value of £1,784 per month.
If you were able to purchase this property for the estimated value of £291,911, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,435 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, 31A, Ripple Road, Barking was last sold on 09 May 2016 for £230,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2016, the market for similar properties has risen 6.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31A, Ripple Road, Barking within a radius of 350 metres over the last 2 years.
The most recent example is 39B, Ripple Road, Barking, IG11 7NX, a Leasehold flat which sold for £270,000 in Oct 2021.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ripple Road, Barking, IG11 has a total of 381 addresses. According to our analysis of all the public data, 31A, Ripple Road, Barking is the 112th largest and the 183rd most expensive property on the street.
When compared to the postcode district it is £49k less expensive than the average property in IG11.
31A, Ripple Road, Barking has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Mar 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 31A, Ripple 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 31A, Ripple Road, Barking, 63.6% of property is privately rented and 15.5% is privately owned with a mortgage.
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 31A, Ripple Road, Barking, 21.5% of residents are recorded as possessing school level qualifications and 54.8% 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 31A, Ripple 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 31A, Ripple 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 31A, Ripple Road, Barking, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.