According to the public record, 54, Myrtle Close, Erith is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 806 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Myrtle Close, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
54, Myrtle Close, Erith has a single entry in the Land Registry database from October 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 54 Myrtle Close Erith as £392,367 and the rental value as £1,827 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 54 Myrtle Close Erith has increased by £6,303 (1.6%) and its rental value has increased by £114 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 54, Myrtle Close, Erith is in very good condition we estimate a sale value of £411,985 and rental value of £1,918 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £364,901 and a rental value of £1,699 per month.
If you were able to purchase this property for the estimated value of £392,367, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,928 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, 54, Myrtle Close, Erith was last sold on 29 Oct 2008 for £174,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2008, the market for similar properties has risen 119.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 54, Myrtle Close, Erith within a radius of 370 metres over the last 2 years.
The most recent example is 9, Myrtle Close, Erith, DA8 3PT, a Freehold house which sold for £405,000 in Sep 2022.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Myrtle Close, Erith, DA8 has a total of 62 addresses. According to our analysis of all the public data, 54, Myrtle Close, Erith is the 57th largest and the 59th most expensive property on the street.
When compared to the postcode district it is £54k more expensive than the average property in DA8.
The closest station to 54, Myrtle Close, 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 54, Myrtle Close, 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 54, Myrtle Close, 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 54, Myrtle Close, 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 54, Myrtle Close, 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 54, Myrtle Close, 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.