According to the public record, 103, Heath Way, Erith is a early-century freehold house with 871 ft2 of internal area and sits on a 231 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Heath Way, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
103, Heath Way, Erith has a single entry in the Land Registry database from January 2023 and a single entry in the EPC database dated June 2022.
We combine this information with that 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 103 Heath Way Erith as £384,976 and the rental value as £1,870 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 103 Heath Way Erith has increased by £4,117 (1.1%) and its rental value has increased by £106 per month (5.7%).
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 103, Heath Way, Erith is in very good condition we estimate a sale value of £404,225 and rental value of £1,963 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £358,028 and a rental value of £1,739 per month.
If you were able to purchase this property for the estimated value of £384,976, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,892 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, 103, Heath Way, Erith sits on a plot of 231m2.
We have plot size data on 33 out of 66 other houses in the postcode and 103, Heath Way, Erith sits on the 17th largest plot.
According to HM Land Registry, 103, Heath Way, Erith was last sold on 06 Jan 2023 for £415,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2023, the market for similar properties has dropped 0.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 103, Heath Way, Erith within a radius of 520 metres over the last 2 years.
The most recent example is 107, Heath Way, Erith, DA8 3LZ, a Freehold house which sold for £390,000 in Sep 2021.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Heath Way, Erith, DA8 has a total of 90 addresses. According to our analysis of all the public data, 103, Heath Way, Erith is the 71st largest and the 74th most expensive property on the street.
When compared to the postcode district it is £47k more expensive than the average property in DA8.
103, Heath Way, Erith has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 22 Jun 2022.
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 103, Heath Way, Erith is Barnehurst station which is 700 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 103, Heath Way, Erith, 54.3% of property is privately owned with a mortgage and 39.5% is privately owned outright.
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 103, Heath Way, Erith, 23.3% of residents are recorded as possessing school level qualifications and 37.0% 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 103, Heath Way, Erith, the average age was 40.8 and the most common age was 37.
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 103, Heath Way, Erith, 0.3% 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 103, Heath Way, Erith, there are an average of 1.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.