According to the public record, 162, Rainbow Road, Erith is a modern freehold house with 1,399 ft2 of internal area and sits on a 143 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Rainbow Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
162, Rainbow Road, Erith has a single entry in the Land Registry database from December 2015 and a single entry in the EPC database dated December 2015.
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 162 Rainbow Road Erith as £462,013 and the rental value as £2,264 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 162 Rainbow Road Erith has increased by £1,177 (0.3%) and its rental value has increased by £109 per month (4.8%).
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 162, Rainbow Road, Erith is in very good condition we estimate a sale value of £485,114 and rental value of £2,377 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £429,672 and a rental value of £2,105 per month.
If you were able to purchase this property for the estimated value of £462,013, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,271 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, 162, Rainbow Road, Erith sits on a plot of 143m2.
We have plot size data on 49 out of 53 other houses in the postcode and 162, Rainbow Road, Erith sits on the 47th largest plot.
According to HM Land Registry, 162, Rainbow Road, Erith was last sold on 22 Dec 2015 for £364,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2015, the market for similar properties has risen 29.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 162, Rainbow Road, Erith within a radius of 440 metres over the last 2 years.
The most recent example is 15, Chrome Road, Erith, DA8 2EL, a Freehold house which sold for £505,000 in May 2023.
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, 162, Rainbow Road, Erith is the 29th largest and the 56th most expensive property on the street.
When compared to the postcode district it is £124k more expensive than the average property in DA8.
162, Rainbow Road, Erith has an Energy Performance Rating (EPC) of A. This is based on the most recent assessment, dated 04 Dec 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 162, 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 162, 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 162, 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 162, 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 162, 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 162, 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.