According to the public record, 151, Frobisher Road, Erith is a modern leasehold apartment with 322 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Frobisher Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
151, Frobisher Road, Erith has 41 entries in the Land Registry database, most recently in July 2021 and a single entry in the EPC database dated January 2021.
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 151 Frobisher Road Erith as £136,298 and the rental value as £971 per month giving an expected gross yield of 8.6%.
Over the last 12 months the sale value of 151 Frobisher Road Erith has increased by £2,612 (1.9%) and its rental value has increased by £64 per month (6.6%).
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 151, Frobisher Road, Erith is in very good condition we estimate a sale value of £143,113 and rental value of £1,020 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £126,757 and a rental value of £903 per month.
If you were able to purchase this property for the estimated value of £136,298, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £670 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, 151, Frobisher Road, Erith was last sold on 29 Jul 2021 for £150,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jul 2021, the market for similar properties has risen 4.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 151, Frobisher Road, Erith within a radius of 350 metres over the last 2 years.
The most recent example is 376, Frobisher Road, Erith, DA8 2PX, a Leasehold flat which sold for £160,000 in Sep 2022.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Frobisher Road, Erith, DA8 has a total of 287 addresses. According to our analysis of all the public data, 151, Frobisher Road, Erith is the 240th largest and the 207th most expensive property on the street.
When compared to the postcode district it is £202k less expensive than the average property in DA8.
151, Frobisher Road, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Jan 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 151, Frobisher Road, Erith is Slade Green station which is 800 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 151, Frobisher Road, Erith, 40.9% of property is privately rented and 31.5% is socially rented.
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 151, Frobisher Road, Erith, 27.9% of residents are recorded as possessing school level qualifications and 38.3% 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 151, Frobisher 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 151, Frobisher 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 151, Frobisher Road, Erith, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.