According to the public record, 50, Chandlers Drive, Erith is a modern leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Chandlers Drive, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
50, Chandlers Drive, Erith has 21 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated January 2021.
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 50 Chandlers Drive Erith as £214,032 and the rental value as £1,308 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 50 Chandlers Drive Erith has increased by £3,516 (1.6%) and its rental value has increased by £82 per month (6.3%).
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 50, Chandlers Drive, Erith is in very good condition we estimate a sale value of £224,733 and rental value of £1,374 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £199,050 and a rental value of £1,217 per month.
If you were able to purchase this property for the estimated value of £214,032, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,052 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, 50, Chandlers Drive, Erith was last sold on 11 Jun 2021 for £175,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2021, the market for similar properties has risen 4.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 50, Chandlers Drive, Erith within a radius of 580 metres over the last 2 years.
The most recent example is 22, Chandlers Drive, Erith, DA8 1LL, a Leasehold flat which sold for £205,000 in Dec 2023.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chandlers Drive, Erith, DA8 has a total of 172 addresses. According to our analysis of all the public data, 50, Chandlers Drive, Erith is the 47th largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £124k less expensive than the average property in DA8.
50, Chandlers Drive, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Jan 2021.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to 50, Chandlers Drive, 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 50, Chandlers Drive, Erith, 45.2% of property is privately rented and 27.6% 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 50, Chandlers Drive, Erith, 26.6% of residents are recorded as possessing school level qualifications and 46.0% 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 50, Chandlers Drive, 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 50, Chandlers Drive, 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 50, Chandlers Drive, Erith, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.