According to the public record, Flat 5, Poseidon Court, Barking is a modern leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Poseidon Court, Spinnaker Close, Barking, IG11.
Spinnaker Close, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
Flat 5, Poseidon Court, Barking has 41 entries in the Land Registry database, most recently in November 2022 and a single entry in the EPC database dated April 2022.
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 5 Poseidon Court Barking as £263,259 and the rental value as £1,650 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of Flat 5 Poseidon Court Barking has increased by £2,608 (1.0%) and its rental value has increased by £90 per month (5.5%).
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 5, Poseidon Court, Barking is in very good condition we estimate a sale value of £276,422 and rental value of £1,733 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £244,831 and a rental value of £1,535 per month.
If you were able to purchase this property for the estimated value of £263,259, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,294 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 5, Poseidon Court, Barking was last sold on 28 Nov 2022 for £267,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Nov 2022, the market for similar properties has dropped 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Poseidon Court, Barking within a radius of 510 metres over the last 2 years.
The most recent example is Flat 1, Poseidon Court, Spinnaker Close, Barking, IG11 0GR, a Leasehold flat which sold for £262,500 in Dec 2023.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spinnaker Close, Barking, IG11 has a total of 24 addresses. According to our analysis of all the public data, Flat 5, Poseidon Court, Barking is the 15th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £77k less expensive than the average property in IG11.
Flat 5, Poseidon Court, Barking has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Apr 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 5, Poseidon Court, Barking is Barking Riverside station which is 600 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 5, Poseidon Court, Barking, 46.2% of property is socially rented and 22.2% 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 Flat 5, Poseidon Court, Barking, 42.1% of residents are recorded as possessing school level qualifications and 35.5% 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 5, Poseidon Court, Barking, the average age was 30.5 and the most common age was 12.
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 5, Poseidon Court, Barking, 0.2% 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 5, Poseidon Court, Barking, 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.