Area Guide for Barking & Dagenham

Barking & Dagenham

Barking & Dagenham is considered to be one of the more elite boroughs of East London, with a large amount of property owned outright by white working and upper classes. There are relatively few ethnic communities within Barking & Dagenham, and certainly much less diversity than in other parts of the city. Employment rates total more than 50 percent, primarily within the service sector, and good salaries mean that rental figures aren't as high as they are elsewhere. However, this shouldn't deter from property investment in Barking & Dagenham - with Barking & Dagenham College and the Barking Learning Centre, investors tend to have greatest success when targeting the student population, and around 15 percent of the borough's population opt to rent privately.

Despite there being a reasonable student population in Barking & Dagenham, reports suggest that nearly 20 percent of residents are aged over 60 years, which is about 3 percent higher than the UK average. Older generations are attracted to Barking & Dagenham for the scenic beauty of the area and the numerous historic sites, including the 16th century Barking Abbey, the 14th Century Parish Church of St Margaret, and the grand and imposing East bury Manor House. The area truly is steeped in tradition, and older residents appreciate the quieter, more relaxed atmosphere when compared to some of the busier and bustling areas of Central London.

Dagenham is the capital's most popular district for first-time buyers, according to data from Rightmove.

The report, which highlights the top 30 most-searched areas by those looking for a starter home of two bedrooms or less, reflects the growing trend for first-timers to expand their hunt to the outskirts of the capital, where pockets of value can still be found - including asking prices under £250,000.

The Land Registry figures reveal that despite recording the highest monthly increase in prices, Barking and Dagenham is still the cheapest borough in the capital in which to buy a home, with average prices of £288,809. 

Barking & Dagenham continues to be a firm favourite of first-time buyers thanks to good-value homes and thousands of new-build flats. This popular Essex town is just nine miles east of central London and a 15-minute commute from Fenchurch Street.  

The majority of sales in Dagenham during the last year were terraced properties, selling for an average price of £245,049. Flats sold for an average of £163,742, with semi-detached properties fetching £261,151. Dagenham, with an overall average price of £230,188, was similar in terms of sold prices to nearby Par sloes Park (£238,519), Heathway (£225,520) and East brook (£238,187). 

It’s no surprise that the Essex borough which offers 15 minute commute to Fenchurch Street, continues to be a firm favourite of first time buyers thanks to the good value homes and thousands of new build flats.

However, with annual price rises of 11.7 percent, prices within this area are set to surpass £300,000.

We are your local Property Experts in the Barking & Dagenham areas. Feel free to give us a call on 020 3601 4664.

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