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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 407, Teal Point 8, Barking is a modern leasehold apartment with 538 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 407, Teal Point 8, Barking is £293,778 and the estimated rental value is £2,182 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 407, Teal Point 8, Barking has a single entry in the Land Registry from April 2023 and a single entry in the EPC database dated January 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 407, Teal Point 8, Barking is in very good condition we estimate a sale value of £308,467 and a rental value of £2,291 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £273,213 and a rental value of £2,029 per month.
Over the last 12 months the sale value of Flat 407 Teal Point 8 Barking has decreased by an estimated £6,092 (2.1%) and its rental value has increased by an estimated £97 per month (4.5%), giving an expected gross yield of 8.9%.
Flat 407, Teal Point 8, Barking has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Jan 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 407, Teal Point 8, Barking was last sold on 6th April 2023 for £309,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since April 2023, the market for similar properties has dropped 16.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 407, Teal Point 8, Barking within a radius of 320 metres over the last 2 years.
The most recent example is Flat 1407, Teal Point 8, Drydock Square, Barking, IG11 7ZG, a leasehold flat which sold for £335,000 on the 14th October 2022.
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 407, Teal Point 8, Barking is the 249th largest and the 190th most expensive property on the street.
When compared to the postcode district it is £36k less expensive than the average property in IG11.
The nearest school is St Joseph's Catholic Primary School which is 322 metres away. The nearest train station is Barking which is 700 metres away.
Please login for all schools and rail links, broadband speeds, floodrisk and area demographics information including levels of education, home ownership and more.
