One of the biggest challenges landlords face is experiencing void periods. They lead to times when they are not receiving income from their properties. This is important because many rely on the money for their livelihoods and to pay bills. Ours is a business that can help ensure the income. We do it by supplying the best services for guaranteed rent in Barking and Dagenham and other parts of London.

Research on Barking’s streets

Research done recently has revealed the cheapest and most expensive streets in Barking, East London. It also explores the general market conditions in the area. If you’re looking to invest here, this is information you will want to look at.

House price data utilising figures from HM Land Registry ranks the streets. Property Solvers published the data, tracking the average house prices across a five year period. According to these figures, Barking’s average house price is £294,785. Since 2019, property prices have increased by 16.22%. In the past year, there has been a price increase of £10,715. This is a 2.87% average.

Interestingly, Barking has had a decrease in home sales by 63.68%. There were only 234 sales over the previous year. Of these, 49 of them ranged between £210,000 and £282,000. In addition, 42 houses were sold within the price range of £354,000 and £426,000.

During June 2024, 37 properties experienced price reductions. This shows activity has cooled. According to Property Savers, there were 40 home sales and 74 new estate agency instructions.

Most expensive streets

Diving into individual streets, Upney Lane has claimed the title of most expensive street. The average house price on this road is £672,500. Closely following it is Beccles Drive, with an average of £646,000. There is also Melford Avenue at £598,333 and Westrow Drive at £591,000. Finally, there is Woodbridge Road at £582,500 and Sandringham Road at £570,000.

The cheapest options

At the other end of the list, Fielders Crescent got the title as the cheapest road to invest in. Data suggests the average house price here is only £92,125. Then the next cheapest street is Law House on Maybury Road. It had an average price at £147,333. Next is Orvis Court, Mizzen Street at £178,218, Witney Chambers, Fanshawe Avenue at £186,666, and Fanshawe Avenue proper at £192,000. Then there is Gurney Close at £193,000, Thornhill Gardens at £193,400, and Greenslade Road at £195,272. Lastly is Westbury Road at £198,000.

Why is it a good area to invest in?

On the whole, the Borough of Barking and Dagenham has benefited from substantial inward investment in recent history. This has enhanced the standard of the local setting, alongside the quality of the housing. If you are targeting a small outer London borough where you can get the most for your money, this could be the ideal spot.

Protect your income and properties with guaranteed rent in Barking and Dagenham

With our expert services, you receive protection on your rental income. That is not the only important feature though. You will be guaranteed that you will keep ownership of your properties. Even better, you won’t have to worry about the condition; management and maintenance can be part of any service.

So, if you’d like to experience the leading services for guaranteed rent in Barking and Dagenham, let us know. We can arrange everything quickly, even offering help with preparing properties.