According to the public record, 32, Valley Road, Erith is a mid-century leasehold apartment with 775 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Valley Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
32, Valley Road, Erith has a single entry in the Land Registry database from April 2012 and a single entry in the EPC database dated April 2024.
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 32 Valley Road Erith as £271,178 and the rental value as £1,488 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 32 Valley Road Erith has increased by £4,729 (1.7%) and its rental value has increased by £95 per month (6.4%).
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 32, Valley Road, Erith is in very good condition we estimate a sale value of £284,737 and rental value of £1,562 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £252,195 and a rental value of £1,384 per month.
If you were able to purchase this property for the estimated value of £271,178, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,333 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, 32, Valley Road, Erith was last sold on 12 Apr 2012 for £111,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2012, the market for similar properties has risen 82.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 32, Valley Road, Erith within a radius of 530 metres over the last 2 years.
The most recent example is 22, Valley Road, Erith, DA8 1BT, a Leasehold flat which sold for £255,000 in Nov 2023.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Valley Road, Erith, DA8 has a total of 16 addresses. According to our analysis of all the public data, 32, Valley Road, Erith is the 10th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £67k less expensive than the average property in DA8.
32, Valley Road, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Apr 2024.
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 32, Valley Road, Erith is Erith 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 32, Valley Road, Erith, 53.6% of property is privately owned with a mortgage and 21.9% 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 32, Valley Road, Erith, 23.3% of residents are recorded as possessing school level qualifications and 37.7% 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 32, Valley Road, 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 32, Valley Road, Erith, 0.8% 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 32, Valley Road, 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.