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Whitebarn Lane, Dagenham

London

£230,000
Listed on 05/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
647 sqft

Description

This two-bedroom, second-floor flat presents a promising opportunity for renovation and investment, particularly for those looking to make their mark in the property market. With its spacious layout and essential features, this flat is ideal for buyers who recognize its potential for modernization. Accessed via a secure communal entrance, the property welcomes you into a hallway that includes a built-in cupboard for storage convenience. The lounge/diner offers ample living space, with a double-glazed window that allows natural light to fill the room. The adjoining kitchen is functional but could benefit from some updating; it features a combination boiler installed recently in November 2023 and has plentiful cabinetry for storage. Both bedrooms are generously sized, with windows facing the rear of the building, providing quiet and serene views. The main bedroom measures approximately 13'4" x 9'10", while the second bedroom is slightly smaller at 13'3" x 8', featuring a built-in triple wardrobe. The bathroom is equipped with essential fixtures but also presents an opportunity for refreshing renovations. Outside, residents can enjoy communal gardens as well as access to an allocated parking space and garage—an attractive feature in urban settings where parking can often be limited. Additionally, the location adds further appeal; it is situated within reach of local amenities and transport links, making it an ideal choice for prospective tenants or buyers seeking rental opportunities. Selling with no onward chain and offering a share of freehold, this property stands out as a solid investment with significant upside through thoughtful updates and personal touches.

Investment Analysis

(RM10 area)

Below Market Value

This property is priced -20.2% below area average per sq ft

-20.2%
Potential saving
This Property
£355/sq ft
Area Average
£445/sq ft
Avg Rent (weekly)
£450
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£316,991
10% above area average per sq ft
Potential ROI
+26.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (RM10)

Area prices are stable by +0.1% over the last 12 months
3 year growth: 1.2%
5 year growth: 16.5%
Investment Disclaimer: Analysis based on RM10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Whitebarn Lane, Dagenham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£843
Based on a loan of £172,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE