New Build Investor Guide – Barking and Dagenham
Buying a new build property off plan? Check out our Area Guide first
Are you considering purchasing a new build, off plan property in Barking and Dagenham? Want to get the latest information on house prices, demographics and other useful information before you commit to a deal?
Our Area Guides give you the latest relevant information from local governments, the Census and the Office of National Statistics (ONS) data. They’re designed for offshore, new build property investors to help you understand an area in detail so you can make informed investment decisions.
Read on for investor details specifically about Barking and Dagenham but if it’s more detail about the wider UK property market you need, you can download our latest report here. In our report we address two key questions:
1 Is investing in UK residential property still worth it?
2 If so, where are the best opportunities for property investors and why?
Barking and Dagenham, London
Barking and Dagenham is one of 20 outer London boroughs and is located in east London. Spanning nearly 14 square miles, it is the second smallest outer London borough by area. The borough is north of the river Thames and borders the River, Havering, Redbridge and Newham. It includes the districts Barking, Becontree, Dagenham and more. Aproximately 2 square miles are designated as green belt.
Barking and Dagenham’s population is forecast to grow by nearly 23% by 2030
|Forecast Population 2030||260,560|
Economically Active Population
A largely young, diverse, mobile population.
|Age Range||Percentage of population|
|16 – 64||62%|
Average Life Expectancy
The average life expectancy for those born in Barking and Dagenham between 2016 and 2018 are below. Life expectancy in the borough is the lowest of all London borough’s for both males and females.
|Males||78 (UK average is 79)|
|Females||83 (UK average is 83)|
Population Density (2011)
Barking and Dagenham has 5,898 people per km2. Slightly higher than the London average of 5,701 people per km2.
International Migration (2018-19)
3,760 new residents from overseas, the 10th lowest of all London boroughs.
Country of Birth
|Location of Birth||Proportion of Population|
|UK and Ireland||70%|
Crime & Safety
|Crime Numbers (April 2017 – March 2018)||18,262|
|Crime rate per 1,000 population (April 2017 -March 2018)||89|
|Barking and Dagenham has the 16th highest crime rate per 1,000 people of all London boroughs.|
|Primary Schools||57 (8 of which have an Ofsted rating of outstanding)|
|Secondary Schools||20 (2 of which have an Ofsted rating of outstanding)|
|Schools and Colleges (16-18 years)||17 (2 of which have an Ofsted rating of outstanding)|
|Population considering themselves in very good health||47%|
|Population considering themselves in very bad health||1%|
Employment & Economy
68% of working aged people employed (compared to 75% across England 74% across London).
Top 4 Sectors of Employment
|Public administration, education and health||25%|
|Distribution, hotels and restaurants||24%|
|Finance, banking and insurance||16%|
In 2020, there were 10 companies in the borough employing more than 250 people and 50 companies employing between 50 and 249 people. (source: nomisweb.co.uk)
Jobs and Job density
Aproximately 24,444 residents of Barking and Dagenham also work in the borough. 27,804 people travel into the borough each day for work and 47,3902 residents work outside the borough. The daytime population of the borough therefore decreases by 13,586 people each day. (source: data.london.gov.uk).
|Median Gross Annual Pay for full-time employee jobs (2017)||£31,365|
|Number of jobs in the borough (2019)||92,000|
|Jobs per resident||0.49 (London average 1.03 and UK average 0.87)|
|Number of residential properties in Barking and Dagenham||74,610|
Property Ownership (2018)
|own property outright (no mortgage)||20%|
|own property with mortgage||32%|
|rent from a Housing Authority or the Local Authority||29%|
|rent from a private landlord (representing approximately 13,200 private rentals)||19%|
|Household with no car or van (2011)||40%|
|One person households||28%|
|One family households||60%|
|Other (sharers / students etc)||12%|
Average House Prices
House prices in Barking and Dagenham are the cheapest of all London boroughs.
|Average achieved price January 2020||£303,087|
|Average achieved price January 2021||£316,257|
Volume of Sales
During the COVID pandemic, the number of property transactions fell by 30%.
|Number of residential sales to year ending September 2019||1,610|
|Number of residential sales to year ending September 2020||1,131|
Achieved Rents (January to December 2020)
Mean monthly average rents in the borough:
|London Median Rents
(per calendar month)
|Barking and Dagenham
(per calendar month)
New Build Developments in Barking and Dagenham
Just three new build large developments in Barking and Dagenham are currently available for sale.
Bream Park (Countryside / L&Q)
|Total Number of Apartments||2,900 (1,812 private)|
|First Launched||May 2019|
Average Prices – Bream Park
|Price per ft²||£361||£456||£545|
Fresh Wharf (Countryside)
|Total Number of Apartments||531|
|First Launched||October 2019|
Average Prices – Fresh Wharf
|Price per ft²||£500||£564||£655|
Abbey Quay (Weston Homes)
|Total Number of Apartments||12,189 (737 private)|
|First Launched||April 2021|
Average Prices – Abbey Quay
|Price per ft²||£445||£539||£607|
Environment & Leisure
Barking and Dagenham is home to:
Eastbrookend Country Park and Dagenham Washlands – the largest nature reserve managed by the London Wildlife Trust
Over 100 local sports clubs
8 Leisure Centres
12 parks and 12 open spaces
6 locations with football pitches
Several places for permitted fishing
Barking and Dagenham’s overground and underground stations are in Zones 4 and 5 .
|Barking (District and Hammersmith & City lines)||Becontree (District line)|
|Dagenham East (District line)||Dagenham Heathway (District line)|
|Upney (District line)|
The Labour Party