Barking

A Suburban Town In East London

Area Guide For Barking

Barking is London’s forgotten borough that combines inner city poverty with suburban desolation. The industrial town has seen economic decline in the last couple of decades and more than 50 percent of the town population lives in council owned estate.

 
 

Tags

Barking
Architecture
Amenities
Low cost housing

Overview

  • The Neighbors

    An industrial town Barking has a number of council-owned housing estates and average of owner occupied houses is lesser than London.

  • Ideal for

    People related to local industry.

  • Deal Sealer

    Increasing ethnic diversity, Low cost housing

  • Not for

    People looking for best amenities.

  • You will Like

    The Becontree Estate, Barking Town Square, Barking Abbey, The Broadway Theatre, Eastbury Manor House, Eastbrookend

Barking Map

Estimated Price: £246,643
Average Asking Price: £249,169
Price change in last one year: £24,349
Average Price Paid: £200,218
Average Rent Rates: £1,784

 
 

Property Prices Breakdown in Barking

Average Price for property in Barking is around £246,643 which varies based on type of property you are interested in and ranges from £395,892 for detached house to around £324,249 for semi-detached. Similarly terraced house is around £275,072 and a flat is worth £182,069. Values have been changing and have risen £58 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £490 in last 6 months, £24,349 in last 1 year, £34,003 in last 2 years, £34,439 in last 3 years, £36,545 in last 4 years and £28,672 in last 5 years.

Currently average asking price of a property in Barking is around £249,169 based on approximately 422 properties for sale. Same is the case with rental options based on 250 properties up for rent, average asking rent is around £1,784 per month.

Estimated property value in Barking is £246,643. Average asking price is £249,169 while average price paid is £217,074 which is up by £24,349 and Avg. asking rent £1,784.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Barking area. In last 1 year alone average price buyer paid is around £217,074 based on approximately 422 sales in Barking area alone. If you compare it to last 3 years sales of 1,260 properties where buyers paid around £206,363. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £200,218 for 2,070 and average amount paid for purchase of approx. 3,002 properties sold in last 7 years comes to about £197,918 per sale.

 
 

Properties For Sale in Barking

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £85,000, £234,919 for a 2 bedroom house, £295,479 for a 3 bedroom house, £384,493 for a 4 bedroom house and £448,332 for a 5 bedroom house. For a flat similarly the prices varies from £157,853 for a single bedroom to £198,940 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £229,999 and £210,000 for a 4 bedroom flat. To sum up the asking prices for properties in Barking it comes to around average £155,576 for 1 bedroom property, £207,292 for 2 bedroom, £281,155 for 3 bedroom, £368,630 for 4 bedroom and £448,332 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £955 for 1 bedroom to £1,188 for 2 bedrooms, £1,359 for 3 bedrooms, £1,480 for 4 bedrooms and £1,725 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £897. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,123, £1,234 for 3 bedroom and £1,549 for 4 bedroom. You should be generally be expecting around average £902 rent per month for single bedroom property, £1,136 for 2 bedroom, £1,332 for 3 bedroom, £1,503 for 4 bedroom and approximately £1,724 for a 5 bedroom property in Barking area.

Popular Houses in Barking

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in Barking

Sum it all up

 The Good

-Good Train Service
- New Developments
- Low Property Prices
- Rural Surroundings
- Extensive Living Space

 Best For

- Local Industrial Workers
- Commuters
- Students

 The Bad

 - Poor Amenities
- High Crime Rate
- Recession Hit Area
- Lesser Design Choices

Transportation in Barking

Browse by Streets in Barking