According to the public record, 7, Willis Road, Erith is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 623 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Willis Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
7, Willis Road, Erith has a single entry in the Land Registry database from February 2009 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 7 Willis Road Erith as £309,586 and the rental value as £1,656 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 7 Willis Road Erith has increased by £5,922 (1.9%) and its rental value has increased by £109 per month (6.6%).
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 7, Willis Road, Erith is in very good condition we estimate a sale value of £325,065 and rental value of £1,739 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £287,915 and a rental value of £1,540 per month.
If you were able to purchase this property for the estimated value of £309,586, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,522 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, 7, Willis Road, Erith was last sold on 11 Feb 2009 for £130,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2009, the market for similar properties has risen 128.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Willis Road, Erith within a radius of 540 metres over the last 2 years.
The most recent example is 9, Battle Road, Erith, DA8 1BS, a Freehold house which sold for £318,000 in Oct 2022.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Willis Road, Erith, DA8 has a total of 15 addresses. According to our analysis of all the public data, 7, Willis Road, Erith is the 14th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £29k less expensive than the average property in DA8.
The closest station to 7, Willis Road, Erith is Erith station which is 900 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 7, Willis Road, Erith, 44.6% of property is privately owned with a mortgage and 28.9% is privately 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 7, Willis Road, Erith, 27.5% of residents are recorded as possessing school level qualifications and 35.5% 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 7, Willis Road, 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 7, Willis 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 7, Willis Road, Erith, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.