According to the public record, 26, James Watt Way, Erith is a modern leasehold apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
James Watt Way, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
26, James Watt Way, Erith has 2 entries in the Land Registry database, most recently in April 2023 and a single entry in the EPC database dated November 2021.
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 26 James Watt Way Erith as £142,769 and the rental value as £933 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 26 James Watt Way Erith has increased by £2,433 (1.7%) and its rental value has increased by £59 per month (6.3%).
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 26, James Watt Way, Erith is in very good condition we estimate a sale value of £149,907 and rental value of £980 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £132,775 and a rental value of £868 per month.
If you were able to purchase this property for the estimated value of £142,769, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £702 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, 26, James Watt Way, Erith was last sold on 06 Apr 2023 for £99,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2023, the market for similar properties has risen 1.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 26, James Watt Way, Erith within a radius of 470 metres over the last 2 years.
The most recent example is 70, James Watt Way, Erith, DA8 1SQ, a Leasehold flat which sold for £235,000 in Dec 2022.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
James Watt Way, Erith, DA8 has a total of 92 addresses. According to our analysis of all the public data, 26, James Watt Way, Erith is the 63rd largest and the 75th most expensive property on the street.
When compared to the postcode district it is £196k less expensive than the average property in DA8.
26, James Watt Way, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Nov 2021.
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 26, James Watt Way, Erith is Erith station which is 600 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 26, James Watt Way, Erith, 37.1% of property is privately owned outright and 31.4% 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 26, James Watt Way, Erith, 20.6% of residents are recorded as possessing school level qualifications and 31.5% 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 26, James Watt Way, Erith, the average age was 34.2 and the most common age was 7.
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 26, James Watt Way, Erith, 0.3% 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 26, James Watt Way, Erith, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.