According to the public record, 163, Wessex Drive, Erith is a mid-century apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Wessex Drive, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
163, Wessex Drive, Erith has no recent1 records in the Land Registry database and a single entry in the EPC database dated February 2014.
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 163 Wessex Drive Erith as £219,455 and the rental value as £1,336 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 163 Wessex Drive Erith has increased by £4,149 (1.9%) and its rental value has increased by £87 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 163, Wessex Drive, Erith is in very good condition we estimate a sale value of £230,427 and rental value of £1,402 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £204,093 and a rental value of £1,242 per month.
If you were able to purchase this property for the estimated value of £219,455, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,079 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, 163, Wessex Drive, Erith was last sold on 22 Aug 2002 for £97,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 163, Wessex Drive, Erith within a radius of 450 metres over the last 2 years.
The most recent example is 107, Wessex Drive, Erith, DA8 3AH, a Leasehold flat which sold for £221,000 in Aug 2023.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wessex Drive, Erith, DA8 has a total of 128 addresses. According to our analysis of all the public data, 163, Wessex Drive, Erith is the 87th largest and the 121st most expensive property on the street.
When compared to the postcode district it is £119k less expensive than the average property in DA8.
163, Wessex Drive, Erith has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Feb 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 163, Wessex Drive, 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 163, Wessex Drive, Erith, 45.1% of property is socially rented and 24.9% 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 163, Wessex Drive, Erith, 26.9% of residents are recorded as possessing school level qualifications and 31.0% 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 163, Wessex Drive, 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 163, Wessex 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 163, Wessex Drive, Erith, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.