According to the public record, 59, Canada Road, Erith is a modern leasehold apartment with 488 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Canada Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
59, Canada Road, Erith has 41 entries in the Land Registry database, most recently in October 2010 and a single entry in the EPC database dated March 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 59 Canada Road Erith as £194,493 and the rental value as £1,259 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 59 Canada Road Erith has increased by £3,022 (1.6%) and its rental value has increased by £78 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 59, Canada Road, Erith is in very good condition we estimate a sale value of £204,218 and rental value of £1,322 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £180,879 and a rental value of £1,171 per month.
If you were able to purchase this property for the estimated value of £194,493, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £956 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, 59, Canada Road, Erith was last sold on 15 Oct 2010 for £109,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Oct 2010, the market for similar properties has risen 81.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 59, Canada Road, Erith within a radius of 720 metres over the last 2 years.
The most recent example is 61, Canada Road, Erith, DA8 2HF, a Leasehold flat which sold for £160,000 in Jun 2019.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Canada Road, Erith, DA8 has a total of 79 addresses. According to our analysis of all the public data, 59, Canada Road, Erith is the 74th largest and the 70th most expensive property on the street.
When compared to the postcode district it is £144k less expensive than the average property in DA8.
59, Canada Road, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Mar 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 59, Canada Road, Erith is Slade Green station which is 1.0 kilometres 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 59, Canada Road, Erith, 52.8% of property is privately owned with a mortgage and 15.2% is socially rented.
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 59, Canada Road, Erith, 32.4% of residents are recorded as possessing school level qualifications and 52.9% 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 59, Canada 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 59, Canada 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 59, Canada 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.