According to the public record, 2, Redpoll Way, Erith is a mid-century freehold house with 914 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Redpoll Way, Erith, DA18 is located in the borough of Bexley within the DA18 postal district.
2, Redpoll Way, Erith has a single entry in the Land Registry database from April 2014 and a single entry in the EPC database dated October 2023.
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 Redpoll Way Erith as £243,317 and the rental value as £1,316 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 2 Redpoll Way Erith has increased by £7,410 (3.0%) and its rental value has increased by £100 per month (7.6%).
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 2, Redpoll Way, Erith is in very good condition we estimate a sale value of £255,482 and rental value of £1,382 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £226,284 and a rental value of £1,224 per month.
If you were able to purchase this property for the estimated value of £243,317, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,196 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, Redpoll Way, Erith was last sold on 23 Apr 2014 for £186,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2014, the market for similar properties has risen 70.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Redpoll Way, Erith within a radius of 390 metres over the last 2 years.
The most recent example is 83, Redpoll Way, Erith, DA18 4BX, a Freehold house which sold for £282,000 in Aug 2022.
Read more about house prices in DA18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Redpoll Way, Erith, DA18 has a total of 154 addresses. According to our analysis of all the public data, 2, Redpoll Way, Erith is the 87th largest and the 86th most expensive property on the street.
When compared to the postcode district it is £116k less expensive than the average property in DA18.
2, Redpoll Way, Erith has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Oct 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 2, Redpoll Way, Erith is Abbey Wood 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 2, Redpoll Way, Erith, 73.6% of property is socially rented and 9.9% is privately 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 2, Redpoll Way, Erith, 22.4% of residents are recorded as possessing school level qualifications and 30.5% 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, Redpoll Way, Erith, the average age was 34.2 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 2, Redpoll Way, Erith, 0.5% 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, Redpoll Way, 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.