According to the public record, 59, Neptune Walk, Erith is a modern leasehold apartment with 387 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Neptune Walk, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
59, Neptune Walk, Erith has 31 entries in the Land Registry database, most recently in September 2017 and a single entry in the EPC database dated April 2010.
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 Neptune Walk Erith as £170,976 and the rental value as £1,109 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 59 Neptune Walk Erith has increased by £3,181 (1.9%) and its rental value has increased by £72 per month (6.5%).
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, Neptune Walk, Erith is in very good condition we estimate a sale value of £179,525 and rental value of £1,165 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £159,008 and a rental value of £1,032 per month.
If you were able to purchase this property for the estimated value of £170,976, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £840 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, Neptune Walk, Erith was last sold on 08 Sep 2017 for £156,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2017, the market for similar properties has risen 9.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 59, Neptune Walk, Erith within a radius of 570 metres over the last 2 years.
The most recent example is 134, Chandlers Drive, Erith, DA8 1LW, a Leasehold flat which sold for £160,000 in Nov 2022.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Neptune Walk, Erith, DA8 has a total of 73 addresses. According to our analysis of all the public data, 59, Neptune Walk, Erith is the 57th largest and the 66th most expensive property on the street.
When compared to the postcode district it is £167k less expensive than the average property in DA8.
59, Neptune Walk, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Apr 2010.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to 59, Neptune Walk, Erith is Erith station which is 500 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 59, Neptune Walk, Erith, 45.2% of property is privately rented and 27.6% 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 59, Neptune Walk, Erith, 26.6% of residents are recorded as possessing school level qualifications and 46.0% 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 59, Neptune Walk, Erith, the average age was 34.2 and the most common age was 7.
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, Neptune Walk, 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, Neptune Walk, 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.