According to the public record, 5, Cedar Road, Erith is a mid-century freehold house with 930 ft2 of internal area and sits on a 234 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Cedar Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
5, Cedar Road, Erith has 21 entries in the Land Registry database, most recently in April 2016 and a single entry in the EPC database dated March 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 5 Cedar Road Erith as £378,455 and the rental value as £1,933 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 5 Cedar Road Erith has increased by £5,795 (1.5%) and its rental value has increased by £119 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 5, Cedar Road, Erith is in very good condition we estimate a sale value of £397,378 and rental value of £2,030 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £351,963 and a rental value of £1,798 per month.
If you were able to purchase this property for the estimated value of £378,455, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,860 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, 5, Cedar Road, Erith sits on a plot of 234m2.
We have plot size data on 20 out of 32 other houses in the postcode and 5, Cedar Road, Erith sits on the 5th largest plot.
According to HM Land Registry, 5, Cedar Road, Erith was last sold on 20 Apr 2016 for £285,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2016, the market for similar properties has risen 26.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Cedar Road, Erith within a radius of 560 metres over the last 2 years.
The most recent example is 12, Elm Road, Erith, DA8 2NW, a Freehold house which sold for £299,000 in Dec 2022.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cedar Road, Erith, DA8 has a total of 32 addresses. According to our analysis of all the public data, 5, Cedar Road, Erith is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £40k more expensive than the average property in DA8.
5, Cedar Road, Erith has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Mar 2010.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 5, Cedar Road, Erith is Slade Green station which is 200 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 5, Cedar Road, Erith, 40.9% of property is privately owned with a mortgage and 24.4% 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 5, Cedar Road, Erith, 28.4% of residents are recorded as possessing school level qualifications and 24.4% 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 5, Cedar Road, Erith, the average age was 33.5 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 5, Cedar Road, 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 5, Cedar 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.