According to the public record, 4, Valence Road, Erith is a leasehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,018 ft2 of internal area and sits on a 184 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
Valence Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
4, Valence Road, Erith has a single entry in the Land Registry database from August 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 4 Valence Road Erith as £335,332 and the rental value as £1,783 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 4 Valence Road Erith has increased by £5,212 (1.6%) and its rental value has increased by £110 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 4, Valence Road, Erith is in very good condition we estimate a sale value of £352,099 and rental value of £1,872 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £311,859 and a rental value of £1,658 per month.
If you were able to purchase this property for the estimated value of £335,332, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,648 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, 4, Valence Road, Erith sits on a plot of 184m2.
We have plot size data on 25 out of 36 other houses in the postcode and 4, Valence Road, Erith sits on the 13th largest plot.
According to HM Land Registry, 4, Valence Road, Erith was last sold on 01 Aug 2007 for £203,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Aug 2007, the market for similar properties has risen 88.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Valence Road, Erith within a radius of 520 metres over the last 2 years.
The most recent example is 19, Frinsted Road, Erith, DA8 3JU, a Freehold house which sold for £355,000 in Jan 2023.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Valence Road, Erith, DA8 has a total of 52 addresses. According to our analysis of all the public data, 4, Valence Road, Erith is the 15th largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £3k less expensive than the average property in DA8.
The closest station to 4, Valence Road, Erith is Erith 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 4, Valence Road, Erith, 43.9% of property is socially rented and 29.8% 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 4, Valence Road, Erith, 24.7% of residents are recorded as possessing school level qualifications and 29.2% 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 4, Valence Road, 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 4, Valence Road, 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 4, Valence Road, Erith, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.