According to the public record, 34, Mill Road, Erith is a period freehold house with 1,237 ft2 of internal area and sits on a 255 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Mill Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
34, Mill Road, Erith has a single entry in the Land Registry database from July 2020 and a single entry in the EPC database dated January 2020.
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 34 Mill Road Erith as £418,366 and the rental value as £2,133 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 34 Mill Road Erith has increased by £2,719 (0.6%) and its rental value has increased by £112 per month (5.2%).
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 34, Mill Road, Erith is in very good condition we estimate a sale value of £439,284 and rental value of £2,239 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £389,080 and a rental value of £1,983 per month.
If you were able to purchase this property for the estimated value of £418,366, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,056 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, 34, Mill Road, Erith sits on a plot of 255m2.
We have plot size data on 12 out of 27 other houses in the postcode and 34, Mill Road, Erith sits on the 4th largest plot.
According to HM Land Registry, 34, Mill Road, Erith was last sold on 31 Jul 2020 for £375,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2020, the market for similar properties has risen 11.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 34, Mill Road, Erith within a radius of 470 metres over the last 2 years.
The most recent example is 92, Hurst Road, Erith, DA8 3EN, a Freehold house which sold for £315,000 in Apr 2021.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Road, Erith, DA8 has a total of 61 addresses. According to our analysis of all the public data, 34, Mill Road, Erith is the 6th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £80k more expensive than the average property in DA8.
34, Mill Road, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Jan 2020.
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 34, Mill Road, Erith is Barnehurst station which is 1.0 kilometres 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 34, Mill Road, Erith, 38.3% of property is privately owned outright and 33.6% 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 34, Mill Road, Erith, 24.2% of residents are recorded as possessing school level qualifications and 22.6% 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 34, Mill Road, Erith, the average age was 38.4 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 34, Mill 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 34, Mill Road, 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.