According to the public record, Flat 202, Lancaster House 37, Dagenham is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Lancaster House, Academy Way, Dagenham, RM8.
Academy Way, Dagenham, RM8 is located in the borough of Barking and Dagenham within the RM8 postal district.
Flat 202, Lancaster House 37, Dagenham has a single entry in the Land Registry database from November 2015 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 Flat 202 Lancaster House 37 Dagenham as £266,963 and the rental value as £1,286 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 202 Lancaster House 37 Dagenham has increased by £3,630 (1.4%) and its rental value has increased by £72 per month (5.6%).
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 Flat 202, Lancaster House 37, Dagenham is in very good condition we estimate a sale value of £280,312 and rental value of £1,351 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £248,276 and a rental value of £1,196 per month.
If you were able to purchase this property for the estimated value of £266,963, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,312 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, Flat 202, Lancaster House 37, Dagenham was last sold on 09 Nov 2015 for £238,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2015, the market for similar properties has risen 18.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 202, Lancaster House 37, Dagenham within a radius of 390 metres over the last 2 years.
The most recent example is 91, Waterside Close, Barking, IG11 9EL, a Leasehold flat which sold for £250,000 in May 2022.
Read more about house prices in RM8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Academy Way, Dagenham, RM8 has a total of 313 addresses. According to our analysis of all the public data, Flat 202, Lancaster House 37, Dagenham is the 282nd largest and the 212th most expensive property on the street.
When compared to the postcode district it is £83k less expensive than the average property in RM8.
Flat 202, Lancaster House 37, Dagenham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Aug 2011.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 202, Lancaster House 37, Dagenham is Upney station which is 1.4 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 Flat 202, Lancaster House 37, Dagenham, 38.9% of property is socially rented and 28.8% 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 Flat 202, Lancaster House 37, Dagenham, 31.5% of residents are recorded as possessing school level qualifications and 30.6% 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 Flat 202, Lancaster House 37, Dagenham, the average age was 32.3 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 Flat 202, Lancaster House 37, Dagenham, 1.1% 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 Flat 202, Lancaster House 37, 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.