705, Lemonade Building 3
705, Lemonade Building 3
Description & Estimates
705, Lemonade Building 3, Barking is recorded publicly as a modern leasehold apartment across 688 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of 705, Lemonade Building 3, Barking is £292,003 and its rental estimate is £1,701 per month, given the available information and assuming reasonable condition.
Lemonade Building, Arboretum Place is a residential building on Arboretum Place, Barking, IG11 and falls within the IG11 postal district and the borough of Barking and Dagenham.
Our Data Sources
705, Lemonade Building 3, Barking has 2 entries in the Land Registry , most recently in June 2014 and a single entry in the EPC database dated August 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 705, Lemonade Building 3, Barking, we estimate a market value of £306,603 and a rental value of £1,786 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £271,563 and £1,582 per month respectively.
Recent Market Change
Over the last year, 705, Lemonade Building 3, Barking has seen its estimated sale value decline by £2,619 (0.9%) and its estimated rental value climb by £70 per month (4.1%). This results in an estimated gross rental yield of 7.0%.
Energy Efficiency
705, Lemonade Building 3, Barking has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Aug 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
Sold Prices
The most recent sale of 705, Lemonade Building 3, Barking completed on 16th June 2014 at £211,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 20.3% over the period since June 2014.
- Sold Jun 2014£211,000
- Sold Jun 2010£166,250
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 705, Lemonade Building 3, Barking have sold within a radius of 310 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st August 2024, was 601, Lemonade Building 3, Arboretum Place, Barking, IG11 7PX, a leasehold flat which sold for £235,000.
Read more about house prices in IG11.
- Sold Aug 2024£235,000 | 2 Bed Flat601, Lemonade Building 3, Arboretum Place, Barking, IG11 7PX601, Lemonade Building 3, Arboretum Place, Barking, IG11 7PX
- Sold Mar 2021£172,000 | 2 Bed Flat1405, Lemonade Building 3, Arboretum Place, Barking, IG11 7PY1405, Lemonade Building 3, Arboretum Place, Barking, IG11 7PY
- Sold Jun 2019£265,000 | 2 Bed Flat1301, Lemonade Building 3, Arboretum Place, Barking, IG11 7PY1301, Lemonade Building 3, Arboretum Place, Barking, IG11 7PY
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 478 addresses on Arboretum Place, Barking, IG11, 705, Lemonade Building 3, Barking comes out as the 38th largest and the 55th most expensive in our analysis of the public data.
It is also £40k less expensive than the average property across the IG11 district.
More reading links
Schools Nearby
- 300mSt Margarets CofE Primary School
- 400mSt Joseph's Catholic Primary School
- 500mGascoigne Primary School
- 600mGreatfields School
- 1.6kmBarking Abbey School, A Specialist Sports and Humanities College
More reading links
Public Transport Nearby
From 705, Lemonade Building 3, Barking, the nearest station is Barking, 200 metres away.
- 300mBarking
- 1.5kmUpney
- 2.0kmEast Ham
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
