According to the public record, 156, Chandlers Drive, Erith is a modern leasehold apartment with 441 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Chandlers Drive, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
156, Chandlers Drive, Erith has 21 entries in the Land Registry database, most recently in March 2012 and a single entry in the EPC database dated June 2019.
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 156 Chandlers Drive Erith as £184,208 and the rental value as £1,164 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 156 Chandlers Drive Erith has increased by £3,427 (1.9%) and its rental value has increased by £76 per month (6.5%).
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 156, Chandlers Drive, Erith is in very good condition we estimate a sale value of £193,418 and rental value of £1,223 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £171,313 and a rental value of £1,083 per month.
If you were able to purchase this property for the estimated value of £184,208, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £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 HM Land Registry, 156, Chandlers Drive, Erith was last sold on 16 Mar 2012 for £83,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2012, the market for similar properties has risen 93.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 156, Chandlers Drive, Erith within a radius of 590 metres over the last 2 years.
The most recent example is 81, Chandlers Drive, Erith, DA8 1LN, a Leasehold flat which sold for £160,000 in Nov 2022.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chandlers Drive, Erith, DA8 has a total of 172 addresses. According to our analysis of all the public data, 156, Chandlers Drive, Erith is the 133rd largest and the 129th most expensive property on the street.
When compared to the postcode district it is £154k less expensive than the average property in DA8.
156, Chandlers Drive, Erith has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Jun 2019.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to 156, Chandlers Drive, 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 156, Chandlers Drive, 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 156, Chandlers Drive, 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 156, Chandlers Drive, 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 156, Chandlers Drive, 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 156, Chandlers Drive, 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.