Barking and Dagenham has become one of the most popular property hotspots in the whole of Greater London because it offers such impressive value for money. This has led to a wave of investments, including new build and regeneration projects and people purchasing properties for their investment potential.
At Finefair we can assist buyers who are considering the options for property investment Barking and Dagenham has to offer. Our team are experienced and understand how tricky the process of finding a property that ticks the specific boxes can be. Fortunately we can help and provide personal support.
One of the most important things to look for when purchasing an investment property is the age. This can give you an indication of how much you may need to invest over the years to retain the home. New builds tend to offer a premium because they need less work and are ready to let right away. The older the home the more potential there is that some form of repair work will be required, incurring additional costs and delays for taking in tenants.
Barking and Dagenham is home to properties from various periods. Incredibly the oldest building in the area dates back to the 12th century. The church of St. Peter and Paul has a very interesting history and remains a big part of the community. It was the only church in the area until the 19th century, meaning members of the congregation would travel from surrounding villages to visit.
The original structure was destroyed in 1800 following the collapse of the church’s tower. Luckily the congregation was not present on that Sunday so nobody was hurt. In 1805 a new church was built using much of the same material. This time it had a spire instead of a tower. Incredibly, bad luck struck again in 1921 though and it had to be removed because it was declared unsafe.
The churchyard was in use for over 800 years and is home to memorials for a number of notable local people. Nowadays burials no longer take place and the yard is a wildlife sanctuary.
If you are looking at property investment Barking and Dagenham has plenty of great homes to consider. Finefair can help you, whether you are looking for an older property or a new build. Contact us today to find out more.