According to the public record, 10, Festival Close, Erith is a mid-century house with 796 ft2 of internal area and sits on a 631 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Festival Close, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
10, Festival Close, Erith has no records in the Land Registry database and a single entry in the EPC database dated March 2019.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 10 Festival Close Erith as £298,591 and the rental value as £1,637 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 10 Festival Close Erith has increased by £4,908 (1.6%) and its rental value has increased by £103 per month (6.3%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 10, Festival Close, Erith is in very good condition we estimate a sale value of £313,521 and rental value of £1,719 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £277,690 and a rental value of £1,522 per month.
If you were able to purchase this property for the estimated value of £298,591, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,467 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 10, Festival Close, Erith sits on a plot of 631m2.
We have plot size data on 9 out of 12 other houses in the postcode and 10, Festival Close, Erith sits on the largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 10, Festival Close, Erith within a radius of 340 metres over the last 2 years.
The most recent example is 4, Guild Road, Erith, DA8 2PS, a Freehold house which sold for £330,000 in Jun 2023.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Festival Close, Erith, DA8 has a total of 12 addresses. According to our analysis of all the public data, 10, Festival Close, Erith is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £40k less expensive than the average property in DA8.
10, Festival Close, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Mar 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 10, Festival Close, Erith is Slade Green station which is 900 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 10, Festival Close, Erith, 39.5% of property is socially rented and 27.7% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 10, Festival Close, Erith, 23.4% of residents are recorded as possessing school level qualifications and 30.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 10, Festival Close, Erith, the average age was 33.5 and the most common age was 12.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 10, Festival Close, Erith, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 10, Festival Close, Erith, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.