According to the public record, 56, Richmer Road, Erith is a modern house with 1,313 ft2 of internal area.
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.
56, Richmer Road, Erith has no records in the Land Registry database and a single entry in the EPC database dated April 2022.
We combine this information with public data 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 56 Richmer Road Erith as £541,480 and the rental value as £2,399 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 56 Richmer Road Erith has increased by £1,379 (0.3%) and its rental value has increased by £116 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 56, Richmer Road, Erith is in very good condition we estimate a sale value of £568,554 and rental value of £2,519 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £503,576 and a rental value of £2,231 per month.
If you were able to purchase this property for the estimated value of £541,480, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,661 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Richmer Road, Erith within a radius of 410 metres over the last 2 years.
The most recent example is 21, Reardon Way, Erith, DA8 2GA, a Freehold house which sold for £532,500 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, 56, Richmer Road, Erith is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £203k more expensive than the average property in DA8.
56, Richmer Road, Erith has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Apr 2022.
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 56, Richmer Road, Erith is Slade Green station which is 800 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 56, 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 56, 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 56, 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 56, 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 56, 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.