According to the public record, 119, Pier Road, Erith is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 718 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Pier Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
119, Pier Road, Erith has a single entry in the Land Registry database from December 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 119 Pier Road Erith as £240,900 and the rental value as £1,396 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 119 Pier Road Erith has increased by £4,106 (1.7%) and its rental value has increased by £88 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 119, Pier Road, Erith is in very good condition we estimate a sale value of £252,945 and rental value of £1,466 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £224,037 and a rental value of £1,298 per month.
If you were able to purchase this property for the estimated value of £240,900, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,184 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, 119, Pier Road, Erith was last sold on 14 Dec 2007 for £155,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2007, the market for similar properties has risen 57.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 119, Pier Road, Erith within a radius of 550 metres over the last 2 years.
The most recent example is Flat 6, Watersedge Court 1, Wharfside Close, Erith, DA8 1QW, a Leasehold flat which sold for £215,000 in Dec 2023.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pier Road, Erith, DA8 has a total of 51 addresses. According to our analysis of all the public data, 119, Pier Road, Erith is the 9th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £97k less expensive than the average property in DA8.
The closest station to 119, Pier Road, Erith is Erith station which is 500 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 119, Pier Road, Erith, 44.6% of property is privately rented and 31.5% 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 119, Pier Road, Erith, 27.3% of residents are recorded as possessing school level qualifications and 44.2% 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 119, Pier Road, Erith, the average age was 34.2 and the most common age was 7.
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 119, Pier Road, 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 119, Pier Road, 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.