According to the public record, 5, Columbus Square, Erith is a modern leasehold apartment with 419 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Columbus Square, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
5, Columbus Square, Erith has 21 entries in the Land Registry database, most recently in August 2007 and a single entry in the EPC database dated November 2023.
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 Columbus Square Erith as £139,508 and the rental value as £979 per month giving an expected gross yield of 8.4%.
Over the last 12 months the sale value of 5 Columbus Square Erith has increased by £2,673 (1.9%) and its rental value has increased by £64 per month (6.6%).
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, Columbus Square, Erith is in very good condition we estimate a sale value of £146,483 and rental value of £1,028 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £129,742 and a rental value of £910 per month.
If you were able to purchase this property for the estimated value of £139,508, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £686 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 HM Land Registry, 5, Columbus Square, Erith was last sold on 22 Aug 2007 for £96,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2007, the market for similar properties has risen 58.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Columbus Square, Erith within a radius of 470 metres over the last 2 years.
The most recent example is 128, Frobisher Road, Erith, DA8 2PW, a Leasehold flat which sold for £150,000 in Nov 2019.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Columbus Square, Erith, DA8 has a total of 64 addresses. According to our analysis of all the public data, 5, Columbus Square, Erith is the 54th largest and the 54th most expensive property on the street.
When compared to the postcode district it is £199k less expensive than the average property in DA8.
5, Columbus Square, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Nov 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 5, Columbus Square, Erith is Erith 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 5, Columbus Square, Erith, 49.2% of property is privately rented and 27.4% 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, Columbus Square, Erith, 16.6% of residents are recorded as possessing school level qualifications and 30.7% 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, Columbus Square, 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, Columbus Square, 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, Columbus Square, Erith, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.