According to the public record, 4A, Park Avenue, Barking is a period apartment with 893 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 4, Park Avenue, Barking, IG11.
Park Avenue, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
4A, Park Avenue, Barking has no records in the Land Registry database and a single entry in the EPC database dated December 2020.
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 4A Park Avenue Barking as £317,148 and the rental value as £1,849 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 4A Park Avenue Barking has increased by £8,054 (2.5%) and its rental value has increased by £116 per month (6.3%).
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 4A, Park Avenue, Barking is in very good condition we estimate a sale value of £333,006 and rental value of £1,941 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £294,948 and a rental value of £1,719 per month.
If you were able to purchase this property for the estimated value of £317,148, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,559 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4A, Park Avenue, Barking within a radius of 440 metres over the last 2 years.
The most recent example is Flat 64, The Odeon 22-30, Longbridge Road, Barking, IG11 8RR, a Leasehold flat which sold for £212,000 in Apr 2021.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Avenue, Barking, IG11 has a total of 186 addresses. According to our analysis of all the public data, 4A, Park Avenue, Barking is the 119th largest and the 131st most expensive property on the street.
When compared to the postcode district it is £23k less expensive than the average property in IG11.
4A, Park Avenue, Barking has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Dec 2020.
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 4A, Park Avenue, 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 4A, Park Avenue, Barking, 54.9% of property is privately rented and 23.9% is privately owned outright.
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 4A, Park Avenue, Barking, 27.2% of residents are recorded as possessing school level qualifications and 33.3% 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 4A, Park Avenue, Barking, the average age was 34.5 and the most common age was 37.
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 4A, Park Avenue, 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 4A, Park Avenue, Barking, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.