Landlords with properties in the London Borough of Barking & Dagenham’s boundary approach lettings agents in Barking & Dagenham looking to maximise their rental incomes.
Here at Assetgrove, our guaranteed rent scheme assures them of a fixed monthly rental income while we get on with the business of managing all the day-to-day tasks, such as inspections, lettings, viewings, maintenance, and legal issues.
We are proud to offer guaranteed rent for up to five years. But there is a lot more to Assetgrove that this alone. Over the years we have developed a wide ranging and comprehensive portfolio of property services carried out by a substantial in-house team with real expertise.
From upfront financing of home improvements and furnishing packages, to out-and-out property portfolio business managers, we provide a complete solution for all landlords and buy-to-let investors whether they own one property or 100.
The history of Barking & Dagenham
Barking was created in 1965 out of the greater part of the municipal borough of Barking (transferred from Essex to Greater London) and the entire borough of Dagenham, with just the northern tip of Dagenham incorporated in Redbridge and a small area of Barking in Newham.
The borough was renamed Barking & Dagenham in 1980 and is bordered by Havering to the east with the River Rom forming part of the boundary, Newham to the west with the River Boding forming much of the border and the River Thames which forms the borough’s boundary with Bexley and Greenwich. To the north, Chadwell Heath forms a thin slice of the borough between Redbridge and Havering.
A lot of the housing in the borough was constructed by the London County Council during the interwar period of 1918-1939, with a notable example being the development of the Beacon Tree estate which, at its peak, held around 120,000 residents. In general, and in contrast to earlier suburban expansion in Essex and around London, houses built during this time were characterised by much lower building densities and were more likely to be family friendly with gardens and three bedrooms.
After World War Two, financial assistance, the payment of government subsidies towards the costs of building houses and a great increase in the number of houses built by the local authority and let at lower-than-market rent, along with the increase in real incomes, made it possible for many more people to move to the suburbs, escaping slum conditions in the East of London.
Employment was provided by the construction of an industrial estate at Barking and the acquisition of a riverside estate at Dagenham by the Ford Motor Company.
Why invest in Barking & Dagenham?
Just 11 miles east of central London, the borough of Barking & Dagenham has good and improving transport links to the capital and Essex. It is served by both the Hammersmith & City and District lines, plus six overground stations.
Barking & Dagenham, which covers the RM5, RM6, RM7, RM8, RM9, RM10 and IG11 postcode areas, lies at the heart of the Thames Gateway – an area designated as a national priority for urban regeneration.
Following a steep decline in the area’s economic fortunes and population in the 1980s, Barking & Dagenham is now one of the fastest-growing local authorities in the country. The 2011 Census recorded a significant overall population increase of 13.4% to 185,911, and is predicted to hit 221,000 by 2020.
The growth in population has outstripped the increase in households causing a rise in the average number of occupants per household, meaning that Barking & Dagenham now has one of the highest occupancy rates in London, and the highest percentage of lone parent households in England and Wales at 14.3%.
The borough also has the highest population percentage of 0-19 year olds in the country including a 50% increase in 0-4 year olds. In addition there has been the largest decrease in the 65+ age group in London.
However, physical regeneration schemes like Barking Riverside, where 10,800 new homes will be built over the next 20 years, will follow recent investment in housing estate renewal, leisure facilities and a new technical skills academy.
Not only that, the two main centres of Barking and Dagenham contain numerous brownfield sites offering further investment opportunities.
Education in Barking & Dagenham
There are eight infant, eight junior, 29 primary and 10 secondary schools in Barking & Dagenham, plus the new Goresbrook School, an all-ability school for up to 1,355 boys and girls aged 3-18 years.