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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, Flat 1001, Teal Point 8, Barking is a modern leasehold apartment with 742 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 1001, Teal Point 8, Barking is £356,777 and the estimated rental value is £2,045 per month.
The apartment is within Teal Point, Drydock Square, Barking, IG11.
Drydock Square, Barking, IG11 is located in the borough of Barking and Dagenham within the IG11 postal district.
Flat 1001, Teal Point 8, Barking has a single entry in the Land Registry from December 2022 and a single entry in the EPC database dated July 2022.
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.
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 1001, Teal Point 8, Barking is in very good condition we estimate a sale value of £374,616 and a rental value of £2,147 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £331,802 and a rental value of £1,902 per month.
Over the last 12 months the sale value of Flat 1001 Teal Point 8 Barking has decreased by an estimated £3,200 (0.9%) and its rental value has increased by an estimated £84 per month (4.1%), giving an expected gross yield of 6.9%.
Flat 1001, Teal Point 8, Barking has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 28 Jul 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
According to HM Land Registry, Flat 1001, Teal Point 8, Barking was last sold on 14th December 2022 for £390,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since December 2022, the market for similar properties has dropped 11.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1001, Teal Point 8, Barking within a radius of 320 metres over the last 2 years.
The most recent example is Flat 1101, Teal Point 8, Drydock Square, Barking, IG11 7ZG, a leasehold flat which sold for £370,000 on the 28th July 2023.
Read more about house prices in IG11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Drydock Square, Barking, IG11 has a total of 257 addresses. According to our analysis of all the public data, Flat 1001, Teal Point 8, Barking is the 155th largest and the 108th most expensive property on the street.
When compared to the postcode district it is £25k more expensive than the average property in IG11.
The nearest school is St Joseph's Catholic Primary School which is 300 metres away. The nearest train station is Barking which is 700 metres away.
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