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Borough on the up

Just east of the trendy hot spots of Spitalfields and the sports and shopping facilities of Stratford, and just west of the sprawling Rainham Marshes nature reserve, sits the East London enclave of Barking and Dagenham. This is a borough that’s on the up and the council have grand designs for its future which include a redesigned station, a rejuvenated Town Centre and shopping district, alongside thousands of new high-rise homes with a “loose grid” street layout and a central park (hello New York).

Did you know? Barking is hot tipped to become ‘Barcelona on Thames’ by Barking and Dagenham council as the new riverside marina development promises big things from the capital’s latest regeneration hotspot.

Facts

Population (borough of Barking and Dagenham): 206,500 (mid-2016 est.)

Commute length: approximately 15 minutes

Annual train ticket: £1,960 (based on Barking to London Fenchurch Street)

Average house price: Semi-Detached; £357,581 / Terraced; £325,012

Average monthly rent: £1,278pcm (2 bedroom flat)


Affordable housing

The overall average sold price for properties in the borough came in at less than £304,000. And with work already well on the way at the Barking Riverside (aka Barcelona-on-Thames), as well as new schools and leisure facilities, a new riverboat service and train station opening in 2021, it is set to thrive in the coming years. The addition of the Elizabeth Line to neighbouring towns will also be a huge benefit.

Great transport links to the city and beyond

With its quarter of an hour journey into the capital’s centre with c2c trains (which also run directly to the Southend seaside) this Greater London suburb can offer property owners the best of both worlds. Barking station can take you directly into London Fenchurch Street, and you also have the London Underground District Line and Hammersmith & City line as well as the London Overground Gospel Oak to Barking line.

Good schools

New schools are planned for the Barking Riverside area. The wealth of transport options means you have your pick of schools in the east of London and out into Essex to choose from.