According to the public record, Flat 3, Bridge House 86, Barking is a period leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Bridge House, Essex Road, Barking, IG11.
Essex Road, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
Flat 3, Bridge House 86, Barking has 2 entries in the Land Registry database, most recently in September 2018 and a single entry in the EPC database dated July 2014.
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 Flat 3 Bridge House 86 Barking as £161,487 and the rental value as £1,127 per month giving an expected gross yield of 8.4%.
Over the last 12 months the sale value of Flat 3 Bridge House 86 Barking has increased by £1,788 (1.1%) and its rental value has increased by £57 per month (5.1%).
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 3, Bridge House 86, Barking is in very good condition we estimate a sale value of £169,561 and rental value of £1,184 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £150,183 and a rental value of £1,049 per month.
If you were able to purchase this property for the estimated value of £161,487, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £794 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 3, Bridge House 86, Barking was last sold on 28 Sep 2018 for £197,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2018, the market for similar properties has risen 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Bridge House 86, Barking within a radius of 390 metres over the last 2 years.
The most recent example is 40, Greenslade Road, Barking, IG11 9XE, a Leasehold flat which sold for £178,000 in Jun 2020.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Essex Road, Barking, IG11 has a total of 109 addresses. According to our analysis of all the public data, Flat 3, Bridge House 86, Barking is the 106th largest and the 107th most expensive property on the street.
When compared to the postcode district it is £179k less expensive than the average property in IG11.
Flat 3, Bridge House 86, Barking has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Jul 2014.
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 Flat 3, Bridge House 86, Barking is Upney station which is 800 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 Flat 3, Bridge House 86, Barking, 44.4% of property is privately rented and 31.3% 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 3, Bridge House 86, Barking, 29.0% of residents are recorded as possessing school level qualifications and 34.0% 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 3, Bridge House 86, 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 Flat 3, Bridge House 86, 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 Flat 3, Bridge House 86, 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.