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Park Avenue, Barking

London

£275,000
Listed on 17/01/2026

Property Details

Bedrooms
2
Type
Flat
Area
739 sqft

Description

This generously proportioned first-floor conversion flat offers two double bedrooms and presents a unique blank canvas for potential buyers. The property, which comes with a share of the freehold and a newly established 999-year lease, is available chain-free, making it an attractive option for those looking to move swiftly. The spacious layout includes a bright lounge/diner, a separate kitchen, and a shower room, all accessible from a wide central landing that not only creates an inviting atmosphere but may also allow for loft access—opening doors to the possibility of exciting future expansions subject to planning approval. Having been rented out for several years, the flat requires modernization and offers significant potential for adding value. Whether you're an investor seeking to enhance your portfolio or a homeowner eager to create your ideal living space, this property is well-suited for your vision. Nestled conveniently near Barking Town Centre and excellent transport links, it benefits from local amenities close at hand.

Investment Analysis

(IG11 area)

Below Market Value

This property is priced -14.1% below area average per sq ft

-14.1%
Potential saving
This Property
£372/sq ft
Area Average
£433/sq ft
Avg Rent (weekly)
£406
Avg Yield
6.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£352,270
10% above area average per sq ft
Potential ROI
+11.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (IG11)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 1.7%
5 year growth: 6.6%
Investment Disclaimer: Analysis based on IG11 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

Park Avenue, Barking
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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
£1,007
Based on a loan of £206,250 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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