According to the public record, Apartment 203, Spectrum Building 22, Dagenham is a modern leasehold apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in Spectrum Building, Freshwater Road, Dagenham, RM8.
Freshwater Road, Dagenham, RM8 is located in the borough of Barking and Dagenham within the RM8 postal district.
Apartment 203, Spectrum Building 22, Dagenham has a single entry in the Land Registry database from December 2015 and a single entry in the EPC database dated November 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 Apartment 203 Spectrum Building 22 Dagenham as £198,911 and the rental value as £1,147 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Apartment 203 Spectrum Building 22 Dagenham has decreased by £950 (0.5%) and its rental value has increased by £49 per month (4.3%).
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 Apartment 203, Spectrum Building 22, Dagenham is in very good condition we estimate a sale value of £208,856 and rental value of £1,205 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £184,987 and a rental value of £1,067 per month.
If you were able to purchase this property for the estimated value of £198,911, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £978 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, Apartment 203, Spectrum Building 22, Dagenham was last sold on 21 Dec 2015 for £179,995 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2015, the market for similar properties has risen 22.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 203, Spectrum Building 22, Dagenham within a radius of 460 metres over the last 2 years.
The most recent example is Apartment 104, Spectrum Building 22, Freshwater Road, Dagenham, RM8 1EH, a Leasehold flat which sold for £150,000 in Sep 2021.
Read more about house prices in RM8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Freshwater Road, Dagenham, RM8 has a total of 92 addresses. According to our analysis of all the public data, Apartment 203, Spectrum Building 22, Dagenham is the 79th largest and the 81st most expensive property on the street.
When compared to the postcode district it is £151k less expensive than the average property in RM8.
Apartment 203, Spectrum Building 22, Dagenham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 16 Nov 2015.
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 Apartment 203, Spectrum Building 22, Dagenham is Chadwell Heath 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 Apartment 203, Spectrum Building 22, Dagenham, 33.1% of property is socially rented and 28.7% 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 Apartment 203, Spectrum Building 22, Dagenham, 32.1% of residents are recorded as possessing school level qualifications and 25.2% 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 Apartment 203, Spectrum Building 22, 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 Apartment 203, Spectrum Building 22, Dagenham, 0.5% 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 Apartment 203, Spectrum Building 22, Dagenham, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.