According to the public record, Flat 308 Cutmore, Ropeworks 1, Barking is a modern leasehold apartment with 409 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in Ropeworks, Arboretum Place, Barking, IG11.
Arboretum Place, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
Flat 308 Cutmore, Ropeworks 1, Barking has 2 entries in the Land Registry database, most recently in January 2021 and a single entry in the EPC database dated January 2020.
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 308 Cutmore Ropeworks 1 Barking as £229,040 and the rental value as £1,311 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 308 Cutmore Ropeworks 1 Barking has decreased by £383 (0.2%) and its rental value has increased by £45 per month (3.4%).
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 308 Cutmore, Ropeworks 1, Barking is in very good condition we estimate a sale value of £240,492 and rental value of £1,376 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £213,007 and a rental value of £1,219 per month.
If you were able to purchase this property for the estimated value of £229,040, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,126 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 308 Cutmore, Ropeworks 1, Barking was last sold on 18 Jan 2021 for £200,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2021, the market for similar properties has risen 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 308 Cutmore, Ropeworks 1, Barking within a radius of 360 metres over the last 2 years.
The most recent example is 71, Cooke Street, Barking, IG11 7AF, a Leasehold flat which sold for £215,000 in Jul 2022.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Arboretum Place, Barking, IG11 has a total of 479 addresses. According to our analysis of all the public data, Flat 308 Cutmore, Ropeworks 1, Barking is the 383rd largest and the 359th most expensive property on the street.
When compared to the postcode district it is £111k less expensive than the average property in IG11.
Flat 308 Cutmore, Ropeworks 1, Barking has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 31 Jan 2020.
The property is not connected to mains gas and has fully triple glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 308 Cutmore, Ropeworks 1, 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 Flat 308 Cutmore, Ropeworks 1, Barking, 73.1% of property is privately rented and 13.5% 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 Flat 308 Cutmore, Ropeworks 1, Barking, 18.5% of residents are recorded as possessing school level qualifications and 72.0% 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 308 Cutmore, Ropeworks 1, 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 Flat 308 Cutmore, Ropeworks 1, Barking, 0.9% 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 308 Cutmore, Ropeworks 1, Barking, there are an average of 0.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.