According to the public record, 111, Heath Way, Erith is a early-century house with 979 ft2 of internal area and sits on a 228 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.
111, Heath Way, Erith has no records in the Land Registry database and a single entry in the EPC database dated August 2023.
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 111 Heath Way Erith as £413,982 and the rental value as £1,981 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 111 Heath Way Erith has increased by £4,428 (1.1%) and its rental value has increased by £112 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 111, Heath Way, Erith is in very good condition we estimate a sale value of £434,681 and rental value of £2,080 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £385,003 and a rental value of £1,842 per month.
If you were able to purchase this property for the estimated value of £413,982, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,035 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, 111, Heath Way, Erith sits on a plot of 228m2.
We have plot size data on 33 out of 66 other houses in the postcode and 111, Heath Way, Erith sits on the 18th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 111, Heath Way, Erith within a radius of 530 metres over the last 2 years.
The most recent example is 56, Northumberland Way, Erith, DA8 3NN, a Freehold house which sold for £440,000 in Aug 2023.
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, 111, Heath Way, Erith is the 23rd largest and the 28th most expensive property on the street.
When compared to the postcode district it is £76k more expensive than the average property in DA8.
111, Heath Way, Erith has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Aug 2023.
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 111, 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 111, 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 111, 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 111, 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 111, 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 111, 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.