According to the public record, Flat 8, Bower House, Barking is a early-century leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Bower House, Whiting Avenue, Barking, IG11.
Whiting Avenue, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
Flat 8, Bower House, Barking has a single entry in the Land Registry database from November 2006 and a single entry in the EPC database dated November 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 8 Bower House Barking as £231,938 and the rental value as £1,607 per month giving an expected gross yield of 8.3%.
Over the last 12 months the sale value of Flat 8 Bower House Barking has increased by £3,704 (1.6%) and its rental value has increased by £84 per month (5.2%).
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 8, Bower House, Barking is in very good condition we estimate a sale value of £243,535 and rental value of £1,688 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £215,702 and a rental value of £1,495 per month.
If you were able to purchase this property for the estimated value of £231,938, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,140 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 8, Bower House, Barking was last sold on 29 Nov 2006 for £126,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Bower House, Barking within a radius of 370 metres over the last 2 years.
The most recent example is 14, Cape Close, Barking, IG11 8NE, a Leasehold flat which sold for £300,000 in May 2023.
Read more about house prices in IG11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Whiting Avenue, Barking, IG11 has a total of 189 addresses. According to our analysis of all the public data, Flat 8, Bower House, Barking is the 68th largest and the 101st most expensive property on the street.
When compared to the postcode district it is £109k less expensive than the average property in IG11.
Flat 8, Bower House, Barking has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Nov 2022.
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 8, Bower House, Barking is Barking station which is 500 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 8, Bower House, Barking, 53.9% of property is socially rented and 27.3% 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 8, Bower House, Barking, 35.8% of residents are recorded as possessing school level qualifications and 31.7% 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 8, Bower House, 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 8, Bower House, Barking, 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 Flat 8, Bower House, Barking, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.