According to the public record, 144, Rainbow Road, Erith is a modern house with 1,001 ft2 of internal area and sits on a 115 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Rainbow Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
144, Rainbow Road, Erith has no records in the Land Registry database and a single entry in the EPC database dated October 2015.
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 144 Rainbow Road Erith as £387,672 and the rental value as £1,963 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 144 Rainbow Road Erith has increased by £5,936 (1.5%) and its rental value has increased by £121 per month (6.2%).
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 144, Rainbow Road, Erith is in very good condition we estimate a sale value of £407,055 and rental value of £2,061 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £360,535 and a rental value of £1,826 per month.
If you were able to purchase this property for the estimated value of £387,672, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,905 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, 144, Rainbow Road, Erith sits on a plot of 115m2.
We have plot size data on 49 out of 53 other houses in the postcode and 144, Rainbow Road, Erith sits on the 51st largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 144, Rainbow Road, Erith within a radius of 460 metres over the last 2 years.
The most recent example is 36, Empire Way, Erith, DA8 2GB, a Freehold house which sold for £487,500 in Aug 2022.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rainbow Road, Erith, DA8 has a total of 285 addresses. According to our analysis of all the public data, 144, Rainbow Road, Erith is the 146th largest and the 149th most expensive property on the street.
When compared to the postcode district it is £49k more expensive than the average property in DA8.
144, Rainbow Road, Erith has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 22 Oct 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 144, Rainbow Road, 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 144, Rainbow Road, 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 144, Rainbow Road, 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 144, Rainbow Road, 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 144, Rainbow 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 144, Rainbow Road, 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.