According to the public record, 41, Drummond Close, Erith is a modern freehold house with 1,291 ft2 of internal area and sits on a 215 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Drummond Close, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
41, Drummond Close, Erith has a single entry in the Land Registry database from July 2020 and a single entry in the EPC database dated August 2019.
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 41 Drummond Close Erith as £440,373 and the rental value as £2,181 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 41 Drummond Close Erith has increased by £1,888 (0.4%) and its rental value has increased by £109 per month (5.0%).
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 41, Drummond Close, Erith is in very good condition we estimate a sale value of £462,392 and rental value of £2,290 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £409,547 and a rental value of £2,029 per month.
If you were able to purchase this property for the estimated value of £440,373, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,164 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, 41, Drummond Close, Erith sits on a plot of 215m2.
We have plot size data on 45 out of 62 other houses in the postcode and 41, Drummond Close, Erith sits on the largest plot.
According to HM Land Registry, 41, Drummond Close, Erith was last sold on 20 Jul 2020 for £357,000 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 10.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Drummond Close, Erith within a radius of 450 metres over the last 2 years.
The most recent example is 18, Cheviot Close, Bexleyheath, DA7 6SP, a Freehold house which sold for £320,000 in Dec 2023.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Drummond Close, Erith, DA8 has a total of 64 addresses. According to our analysis of all the public data, 41, Drummond Close, Erith is the largest and the most expensive property on the street.
When compared to the postcode district it is £102k more expensive than the average property in DA8.
41, Drummond Close, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Aug 2019.
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 41, Drummond Close, Erith is Slade Green 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 41, Drummond Close, Erith, 34.6% of property is privately owned with a mortgage and 28.6% is socially 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 41, Drummond Close, Erith, 21.5% of residents are recorded as possessing school level qualifications and 27.6% 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 41, Drummond Close, 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 41, Drummond Close, Erith, 0.0% 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 41, Drummond Close, 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.