According to the public record, 62, Northumberland Way, Erith is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,166 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Northumberland Way, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
62, Northumberland Way, Erith has a single entry in the Land Registry database from December 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 62 Northumberland Way Erith as £482,671 and the rental value as £2,178 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 62 Northumberland Way Erith has increased by £887 (0.2%) and its rental value has increased by £103 per month (4.7%).
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 62, Northumberland Way, Erith is in very good condition we estimate a sale value of £506,804 and rental value of £2,287 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £448,884 and a rental value of £2,025 per month.
If you were able to purchase this property for the estimated value of £482,671, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,372 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, 62, Northumberland Way, Erith was last sold on 13 Dec 2007 for £274,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2007, the market for similar properties has risen 91.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 62, Northumberland Way, Erith within a radius of 530 metres over the last 2 years.
The most recent example is 94, Northumberland Way, Erith, DA8 3NW, a Freehold house which sold for £492,500 in Feb 2024.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Northumberland Way, Erith, DA8 has a total of 116 addresses. According to our analysis of all the public data, 62, Northumberland Way, Erith is the 35th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £144k more expensive than the average property in DA8.
The closest station to 62, Northumberland Way, Erith is Barnehurst station which is 600 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 62, Northumberland Way, Erith, 50.0% of property is privately owned with a mortgage and 49.2% is privately owned outright.
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 62, Northumberland Way, Erith, 19.1% of residents are recorded as possessing school level qualifications and 27.5% 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 62, Northumberland Way, Erith, the average age was 40.8 and the most common age was 37.
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 62, Northumberland Way, 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 62, Northumberland Way, Erith, there are an average of 1.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.