According to the public record, 6, Banks Lane, Bexleyheath is a period freehold house with 699 ft2 of internal area and sits on a 142 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Banks Lane, Bexleyheath, DA6 is located in the borough of Bexley within the DA6 postal district.
6, Banks Lane, Bexleyheath has a single entry in the Land Registry database from January 2015 and a single entry in the EPC database dated March 2015.
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 6 Banks Lane Bexleyheath as £374,604 and the rental value as £1,781 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 6 Banks Lane Bexleyheath has increased by £4,635 (1.2%) and its rental value has increased by £108 per month (6.1%).
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 6, Banks Lane, Bexleyheath is in very good condition we estimate a sale value of £393,334 and rental value of £1,870 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £348,382 and a rental value of £1,656 per month.
If you were able to purchase this property for the estimated value of £374,604, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,841 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 data from HM Land Registry, 6, Banks Lane, Bexleyheath sits on a plot of 142m2.
We have plot size data on 9 out of 12 other houses in the postcode and 6, Banks Lane, Bexleyheath sits on the largest plot.
According to HM Land Registry, 6, Banks Lane, Bexleyheath was last sold on 15 Jan 2015 for £250,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2015, the market for similar properties has risen 37.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Banks Lane, Bexleyheath within a radius of 530 metres over the last 2 years.
The most recent example is 5, Banks Lane, Bexleyheath, DA6 7BH, a Freehold house which sold for £375,000 in Dec 2022.
Read more about house prices in DA6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Banks Lane, Bexleyheath, DA6 has a total of 12 addresses. According to our analysis of all the public data, 6, Banks Lane, Bexleyheath is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £73k less expensive than the average property in DA6.
6, Banks Lane, Bexleyheath has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Mar 2015.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 6, Banks Lane, Bexleyheath is Bexleyheath station which is 700 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 6, Banks Lane, Bexleyheath, 37.9% of property is privately rented and 32.9% 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 6, Banks Lane, Bexleyheath, 14.8% of residents are recorded as possessing school level qualifications and 29.3% 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 6, Banks Lane, Bexleyheath, the average age was 41.2 and the most common age was 42.
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 6, Banks Lane, Bexleyheath, 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 6, Banks Lane, Bexleyheath, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.