11, Empire Way, Erith has a single entry in the Land Registry database from July 2022 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.
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 11, Empire Way, Erith is in very good condition we estimate a sale value of £534,490 and rental value of £2,480 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £473,405 and a rental value of £2,197 per month.
If you were able to purchase this property for the estimated value of £509,038, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,502 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 HM Land Registry, 11, Empire Way, Erith was last sold on 13 Jul 2022 for £507,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2022, the market for similar properties has dropped 3.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11, Empire Way, Erith within a radius of 430 metres over the last 2 years.
The most recent example is 7, Empire Way, Erith, DA8 2GB, a Freehold house which sold for £500,000 in Jul 2022.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Empire Way, Erith, DA8 has a total of 32 addresses. According to our analysis of all the public data, 11, Empire Way, Erith is the 5th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £171k more expensive than the average property in DA8.
11, Empire Way, Erith has an Energy Performance Rating (EPC) of A. This is based on the most recent assessment, dated 21 Jun 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
According to the public record, 11, Empire Way, Erith is a modern freehold house with 1,291 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Empire Way, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for 11 Empire Way Erith as £509,038 and the rental value as £2,362 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 11 Empire Way Erith has increased by £1,297 (0.3%) and its rental value has increased by £114 per month (4.8%).
The closest station to 11, Empire Way, Erith is Slade Green 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 11, Empire Way, Erith, 47.7% of property is socially rented and 23.1% is privately owned with a mortgage.
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 11, Empire Way, Erith, 30.1% of residents are recorded as possessing school level qualifications and 34.6% 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 11, Empire Way, 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 11, Empire Way, 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 11, Empire Way, Erith, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.