According to the public record, 51 Talbot Place, Erith is a modern leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Talbot Place, Callender Road, Erith, DA8.
Callender Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
51 Talbot Place, Erith has a single entry in the Land Registry database from February 2015 and a single entry in the EPC database dated September 2014.
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 51 Talbot Place Erith as £205,517 and the rental value as £1,349 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of 51 Talbot Place Erith has increased by £3,595 (1.7%) and its rental value has increased by £86 per month (6.4%).
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 Talbot Place, Erith is in very good condition we estimate a sale value of £215,793 and rental value of £1,417 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £191,131 and a rental value of £1,255 per month.
If you were able to purchase this property for the estimated value of £205,517, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,010 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, 51 Talbot Place, Erith was last sold on 18 Feb 2015 for £154,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2015, the market for similar properties has risen 38.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 51 Talbot Place, Erith within a radius of 360 metres over the last 2 years.
The most recent example is 17 Gunning Place, Callender Road, Erith, DA8 3FD, a Leasehold flat which sold for £256,000 in Aug 2019.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Callender Road, Erith, DA8 has a total of 267 addresses. According to our analysis of all the public data, 51 Talbot Place, Erith is the 242nd largest and the 207th most expensive property on the street.
When compared to the postcode district it is £133k less expensive than the average property in DA8.
51 Talbot Place, Erith has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 Sep 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to 51 Talbot Place, 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 51 Talbot Place, Erith, 50.8% of property is privately owned with a mortgage and 38.3% is privately owned outright.
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 Talbot Place, Erith, 20.1% of residents are recorded as possessing school level qualifications and 35.4% 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 51 Talbot Place, 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 51 Talbot Place, 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 Talbot Place, Erith, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.