57, Forest Road, Erith has no records in the Land Registry database and a single entry in the EPC database dated March 2019.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
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 57, Forest Road, Erith is in very good condition we estimate a sale value of £293,988 and rental value of £1,575 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £260,389 and a rental value of £1,395 per month.
If you were able to purchase this property for the estimated value of £279,988, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,376 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 57, Forest Road, Erith within a radius of 580 metres over the last 2 years.
The most recent example is Flat 8, Zircon Court 1, Richmer Road, Erith, DA8 2HN, a Leasehold flat which sold for £270,000 in Aug 2019.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Forest Road, Erith, DA8 has a total of 56 addresses. According to our analysis of all the public data, 57, Forest Road, Erith is the 48th largest and the 44th most expensive property on the street.
When compared to the postcode district it is £58k less expensive than the average property in DA8.
57, Forest Road, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Mar 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
According to the public record, 57, Forest Road, Erith is a early-century apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Forest Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 57 Forest Road Erith as £279,988 and the rental value as £1,500 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 57 Forest Road Erith has increased by £6,087 (2.2%) and its rental value has increased by £102 per month (6.8%).
The closest station to 57, 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 57, 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 57, 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 57, 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 57, 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 57, 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.