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The property has 91 years remaining on the lease.
Based on available information, and assuming reasonable condition, the estimated sale value for 385, Longbridge Road, Barking is £248,102 and the estimated rental value is £1,903 per month.
Longbridge Road, Barking, IG11 is located in the borough of Redbridge within the IG11 postal district.
385, Longbridge Road, Barking has been updated by City Realtor. This data along with public information allows us to provide estimates for both this and neighbouring properties.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
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 385, Longbridge Road, Barking is in very good condition we estimate a sale value of £260,508 and a rental value of £1,998 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £230,735 and a rental value of £1,770 per month.
Over the last 12 months the sale value of 385 Longbridge Road Barking has decreased by an estimated £4,335 (1.7%) and its rental value has increased by an estimated £86 per month (4.5%), giving an expected gross yield of 9.2%.
385, Longbridge Road, Barking has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Mar 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to City Realtor and HM Land Registry, 385, Longbridge Road, Barking was last sold on 30th June 2023 for £286,000 and was recorded as a leasehold flat.
The selling agent was City Realtor. The property has had 3 sales since 1995.
Since June 2023, the market for similar properties has dropped 17.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 385, Longbridge Road, Barking within a radius of 440 metres over the last 2 years.
The most recent example is 364A, Longbridge Road, Barking, IG11 9EF, a leasehold flat which sold for £240,000 on the 19th August 2024.
Read more about house prices in IG11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Longbridge Road, Barking, IG11 has a total of 842 addresses. According to our analysis of all the public data, 385, Longbridge Road, Barking is the 355th largest and the 243rd most expensive property on the street.
When compared to the postcode district it is £81k less expensive than the average property in IG11.
The nearest school is Manor Junior School which is 682 metres away. The nearest train station is Upney which is 1.1 kilometres away.
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