According to the public record, 8, Arran Close, Erith is a mid-century freehold house with 1,130 ft2 of internal area and sits on a 265 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Arran Close, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
8, Arran Close, Erith has a single entry in the Land Registry database from July 2011 and a single entry in the EPC database dated June 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 8 Arran Close Erith as £437,519 and the rental value as £2,115 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 8 Arran Close Erith has increased by £819 (0.2%) and its rental value has increased by £100 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 8, Arran Close, Erith is in very good condition we estimate a sale value of £459,395 and rental value of £2,221 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £406,893 and a rental value of £1,967 per month.
If you were able to purchase this property for the estimated value of £437,519, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,150 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, 8, Arran Close, Erith sits on a plot of 265m2.
We have plot size data on 21 out of 44 other houses in the postcode and 8, Arran Close, Erith sits on the 3rd largest plot.
According to HM Land Registry, 8, Arran Close, Erith was last sold on 20 Jul 2011 for £197,700 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2011, the market for similar properties has risen 101.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Arran Close, Erith within a radius of 560 metres over the last 2 years.
The most recent example is 87, Bexley Road, Erith, DA8 3SW, a Freehold house which sold for £465,000 in Jul 2023.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Arran Close, Erith, DA8 has a total of 44 addresses. According to our analysis of all the public data, 8, Arran Close, Erith is the 5th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £99k more expensive than the average property in DA8.
8, Arran Close, Erith has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Jun 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 8, Arran Close, Erith is Erith station which is 400 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 8, Arran Close, Erith, 50.0% of property is privately owned outright and 32.5% 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 8, Arran Close, Erith, 21.7% of residents are recorded as possessing school level qualifications and 31.0% 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 8, Arran Close, Erith, the average age was 38.8 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 8, Arran Close, 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 8, Arran Close, Erith, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.