According to the public record, 71, Forest Road, Erith is a mid-century freehold house with 656 ft2 of internal area and sits on a 281 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Forest Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
71, Forest Road, Erith has a single entry in the Land Registry database from January 2024 and a single entry in the EPC database dated July 2023.
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 71 Forest Road Erith as £338,801 and the rental value as £1,711 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 71 Forest Road Erith has increased by £5,188 (1.5%) and its rental value has increased by £105 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 71, Forest Road, Erith is in very good condition we estimate a sale value of £355,741 and rental value of £1,796 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £315,085 and a rental value of £1,591 per month.
If you were able to purchase this property for the estimated value of £338,801, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,665 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, 71, Forest Road, Erith sits on a plot of 281m2.
According to HM Land Registry, 71, Forest Road, Erith was last sold on 19 Jan 2024 for £335,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2024, the market for similar properties has risen 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 71, Forest Road, Erith within a radius of 600 metres over the last 2 years.
The most recent example is 6, Elm Road, Erith, DA8 2NW, a Freehold house which sold for £360,000 in Nov 2022.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Forest Road, Erith, DA8 has a total of 56 addresses. According to our analysis of all the public data, 71, Forest Road, Erith is the 47th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £402 more expensive than the average property in DA8.
71, Forest Road, Erith has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 18 Jul 2023.
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 71, Forest Road, Erith is Slade Green station which is 100 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 71, Forest Road, Erith, 44.6% of property is socially rented and 22.3% 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 71, Forest Road, Erith, 19.3% of residents are recorded as possessing school level qualifications and 28.0% 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 71, Forest 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 71, Forest 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 71, Forest Road, 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.