According to the public record, 40, Avenue Road, Erith is a period freehold house with 2,026 ft2 of internal area and sits on a 705 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Avenue Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
40, Avenue Road, Erith has a single entry in the Land Registry database from May 2011 and a single entry in the EPC database dated May 2010.
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 40 Avenue Road Erith as £704,670 and the rental value as £3,055 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 40 Avenue Road Erith has increased by £1,658 (0.2%) and its rental value has increased by £147 per month (4.8%).
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 40, Avenue Road, Erith is in very good condition we estimate a sale value of £739,904 and rental value of £3,207 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £655,343 and a rental value of £2,841 per month.
If you were able to purchase this property for the estimated value of £704,670, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,463 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, 40, Avenue Road, Erith sits on a plot of 705m2.
We have plot size data on 19 out of 36 other houses in the postcode and 40, Avenue Road, Erith sits on the 5th largest plot.
According to HM Land Registry, 40, Avenue Road, Erith was last sold on 31 May 2011 for £350,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2011, the market for similar properties has risen 101.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Avenue Road, Erith within a radius of 500 metres over the last 2 years.
The most recent example is 56, Avenue Road, Erith, DA8 3AS, a Freehold house which sold for £700,000 in May 2022.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Avenue Road, Erith, DA8 has a total of 209 addresses. According to our analysis of all the public data, 40, Avenue Road, Erith is the 8th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £366k more expensive than the average property in DA8.
40, Avenue Road, Erith has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 29 May 2010.
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 40, Avenue Road, Erith is Erith station which is 500 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 40, Avenue Road, 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 40, Avenue Road, 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 40, Avenue 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 40, Avenue 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 40, Avenue 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.