According to the public record, 55, Forest Road, Erith is a mid-century leasehold apartment with 970 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Forest Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
55, Forest Road, Erith has 2 entries in the Land Registry database, most recently in December 2009 and a single entry in the EPC database dated September 2009.
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 55 Forest Road Erith as £360,440 and the rental value as £1,719 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 55 Forest Road Erith has increased by £7,156 (2.0%) and its rental value has increased by £114 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 55, Forest Road, Erith is in very good condition we estimate a sale value of £378,461 and rental value of £1,804 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £335,209 and a rental value of £1,598 per month.
If you were able to purchase this property for the estimated value of £360,440, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,771 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, 55, Forest Road, Erith was last sold on 18 Dec 2009 for £197,311 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2009, the market for similar properties has risen 80.4%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 580 metres radius of 55, Forest Road, Erith over the last 2 years.
The most recent example is 71, Forest Road, Erith, DA8 2NU, a Freehold house which sold for £335,000 in Jan 2024.
Read more about house prices in DA8.
Forest Road, Erith, DA8 has a total of 56 addresses. According to our analysis of all the public data, 55, Forest Road, Erith is the 25th largest and the 25th most expensive property on the street.
When compared to the postcode district it is £22k more expensive than the average property in DA8.
55, Forest Road, Erith has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 02 Sep 2009.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 55, Forest Road, Erith is Slade Green station which is 100 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 55, Forest Road, Erith, 44.6% of property is socially rented and 22.3% 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 55, Forest Road, Erith, 19.3% of residents are recorded as possessing school level qualifications and 28.0% 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 55, Forest 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 55, Forest 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 55, Forest Road, 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.