According to the public record, 51, Richmer Road, Erith is a modern freehold house with 1,237 ft2 of internal area and sits on a 183 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Richmer Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
51, Richmer Road, Erith has a single entry in the Land Registry database from October 2020 and a single entry in the EPC database dated October 2020.
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 good condition, we estimate the current sale value for 51 Richmer Road Erith as £490,081 and the rental value as £2,265 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 51 Richmer Road Erith has increased by £1,248 (0.3%) and its rental value has increased by £109 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 51, Richmer Road, Erith is in very good condition we estimate a sale value of £514,585 and rental value of £2,378 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £455,775 and a rental value of £2,106 per month.
If you were able to purchase this property for the estimated value of £490,081, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,409 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, 51, Richmer Road, Erith sits on a plot of 183m2.
We have plot size data on 24 out of 25 other houses in the postcode and 51, Richmer Road, Erith sits on the 7th largest plot.
According to HM Land Registry, 51, Richmer Road, Erith was last sold on 30 Oct 2020 for £475,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2020, the market for similar properties has risen 8.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 51, Richmer Road, Erith within a radius of 410 metres over the last 2 years.
The most recent example is 23, Reardon Way, Erith, DA8 2GA, a Freehold house which sold for £575,000 in Apr 2023.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richmer Road, Erith, DA8 has a total of 65 addresses. According to our analysis of all the public data, 51, Richmer Road, Erith is the 21st largest and the 21st most expensive property on the street.
When compared to the postcode district it is £152k more expensive than the average property in DA8.
51, Richmer Road, Erith has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Oct 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 51, Richmer Road, Erith is Slade Green station which is 600 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 51, Richmer Road, Erith, 47.7% of property is socially rented and 23.1% 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 51, Richmer Road, Erith, 30.1% of residents are recorded as possessing school level qualifications and 34.6% 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 51, Richmer 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 51, Richmer 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 51, Richmer 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.