According to the public record, 227, Colyers Lane, Erith is a early-century freehold house with 775 ft2 of internal area and sits on a 318 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Colyers Lane, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
227, Colyers Lane, Erith has a single entry in the Land Registry database from February 2016 and a single entry in the EPC database dated November 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 227 Colyers Lane Erith as £376,709 and the rental value as £1,828 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 227 Colyers Lane Erith has increased by £6,051 (1.6%) and its rental value has increased by £114 per month (6.2%).
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 227, Colyers Lane, Erith is in very good condition we estimate a sale value of £395,545 and rental value of £1,920 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £350,340 and a rental value of £1,700 per month.
If you were able to purchase this property for the estimated value of £376,709, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,851 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, 227, Colyers Lane, Erith sits on a plot of 318m2.
We have plot size data on 14 out of 19 other houses in the postcode and 227, Colyers Lane, Erith sits on the 9th largest plot.
According to HM Land Registry, 227, Colyers Lane, Erith was last sold on 18 Feb 2016 for £297,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2016, the market for similar properties has risen 28.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 227, Colyers Lane, Erith within a radius of 420 metres over the last 2 years.
The most recent example is 1, Myrtle Close, Erith, DA8 3PT, a Freehold house which sold for £450,000 in Jul 2024.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Colyers Lane, Erith, DA8 has a total of 179 addresses. According to our analysis of all the public data, 227, Colyers Lane, Erith is the 138th largest and the 100th most expensive property on the street.
When compared to the postcode district it is £38k more expensive than the average property in DA8.
227, Colyers Lane, Erith has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Nov 2015.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 227, Colyers Lane, Erith is Slade Green station which is 900 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 227, Colyers Lane, Erith, 38.7% of property is socially rented and 30.7% 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 227, Colyers Lane, Erith, 29.5% of residents are recorded as possessing school level qualifications and 26.5% 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 227, Colyers Lane, 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 227, Colyers Lane, 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 227, Colyers Lane, Erith, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.