According to the public record, 8, Erwood Road, London is a mid-century leasehold apartment with 947 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Erwood Road, London, SE7 is located in the borough of Greenwich within the SE7 postal district.
8, Erwood Road, London has 21 entries in the Land Registry database, most recently in December 2014 and a single entry in the EPC database dated September 2014.
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 Erwood Road London as £356,270 and the rental value as £1,768 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 8 Erwood Road London has increased by £8,055 (2.3%) and its rental value has increased by £99 per month (5.6%).
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 8, Erwood Road, London is in very good condition we estimate a sale value of £374,083 and rental value of £1,856 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £331,331 and a rental value of £1,644 per month.
If you were able to purchase this property for the estimated value of £356,270, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,751 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, 8, Erwood Road, London was last sold on 19 Dec 2014 for £240,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2014, the market for similar properties has risen 18.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Erwood Road, London within a radius of 470 metres over the last 2 years.
The most recent example is Flat 1, 60, Hillreach, London, SE18 4AL, a Leasehold flat which sold for £410,000 in Nov 2023.
Read more about house prices in SE7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Erwood Road, London, SE7 has a total of 101 addresses. According to our analysis of all the public data, 8, Erwood Road, London is the 23rd largest and the 42nd most expensive property on the street.
When compared to the postcode district it is £94k less expensive than the average property in SE7.
8, Erwood Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Sep 2014.
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, Erwood Road, London is Woolwich Dockyard 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 8, Erwood Road, London, 61.1% of property is socially rented and 21.4% 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, Erwood Road, London, 21.1% of residents are recorded as possessing school level qualifications and 28.8% 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, Erwood Road, London, the average age was 34.7 and the most common age was 32.
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, Erwood Road, London, 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, Erwood Road, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.