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Spring Place, Barking, Essex IG11

London

£180,000

Listed on 14/05/2026

Property Details

Bedrooms
1
Type
Flat
Area
570 sqft

Description

This one-bedroom apartment in the transforming Barking area offers a generous 575 sq ft of living space, making it an attractive proposition for first-time buyers and savvy investors alike. The open-plan design creates a bright living, dining, and kitchen area that caters to modern lifestyles, while the sizeable bedroom and functional bathroom provide comfort. Although the property requires a modest refurbishment, it serves as an excellent blank canvas for enhancement. Potential improvements include updating the kitchen with contemporary features, refreshing the decor with new finishes, and improving lighting and flooring throughout to increase its appeal and value. A notable feature of this apartment is its private balcony, providing panoramic views of London’s skyline, including landmarks such as Canary Wharf and The Shard. It’s an ideal spot to relax and enjoy the scenery or watch planes from London City Airport against the picturesque Woolwich hills. For outdoor enthusiasts, nearby green spaces offer opportunities for peaceful walks along the River Roding, adding a serene touch to urban living. Additionally, secure underground parking with remote access offers convenience and security, complemented by well-maintained communal gardens for residents' enjoyment. With its strategic location for local amenities and transport options, this property represents both lifestyle potential and investment opportunity - making it a prime candidate for those looking to grow their asset portfolio.

Investment Analysis

(IG11 area)

Below Market Value

This property is priced -26.9% below area average per sq ft

-26.9%
Potential saving
This Property
£316/sq ft
Area Average
£432/sq ft
Avg Rent (weekly)
£401
Avg Yield
6.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£270,864
10% above area average per sq ft
Potential ROI
+32.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (IG11)

Area prices are falling by -6.3% over the last 12 months
3 year growth: -1.7%
5 year growth: +0.5%
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

Spring Place, Barking, Essex IG11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£680
Based on a loan of £135,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

Price History

-18.2% since listed
£180,000£20,000(-10.0%)
28/05/2026
Current price
£200,000£20,000(-9.1%)
14/05/2026
£220,000Initial listing
19/04/2026

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