According to the public record, 2, Ranworth Close, Erith is a mid-century leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Ranworth Close, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
2, Ranworth Close, Erith has a single entry in the Land Registry database from November 2011 and a single entry in the EPC database dated October 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 2 Ranworth Close Erith as £253,232 and the rental value as £1,359 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 2 Ranworth Close Erith has increased by £4,722 (1.9%) and its rental value has increased by £88 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 2, Ranworth Close, Erith is in very good condition we estimate a sale value of £265,893 and rental value of £1,426 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £235,505 and a rental value of £1,263 per month.
If you were able to purchase this property for the estimated value of £253,232, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,245 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, 2, Ranworth Close, Erith was last sold on 18 Nov 2011 for £148,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2011, the market for similar properties has risen 81.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Ranworth Close, Erith within a radius of 460 metres over the last 2 years.
The most recent example is 27, Ely Close, Erith, DA8 2EA, a Leasehold flat which sold for £280,000 in Nov 2023.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ranworth Close, Erith, DA8 has a total of 36 addresses. According to our analysis of all the public data, 2, Ranworth Close, Erith is the 33rd largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £85k less expensive than the average property in DA8.
2, Ranworth Close, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Oct 2019.
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 2, Ranworth Close, 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 2, Ranworth Close, Erith, 34.1% of property is privately owned with a mortgage and 28.3% is privately owned outright.
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 2, Ranworth Close, Erith, 17.9% of residents are recorded as possessing school level qualifications and 24.1% 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 2, Ranworth Close, Erith, the average age was 37.6 and the most common age was 32.
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 2, Ranworth Close, 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 2, Ranworth Close, 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.