According to the public record, 9, Ballast Road, Erith is a modern freehold house with 1,291 ft2 of internal area and sits on a 127 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Ballast Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
9, Ballast Road, Erith has a single entry in the Land Registry database from February 2020 and a single entry in the EPC database dated January 2020.
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 good condition, we estimate the current sale value for 9 Ballast Road Erith as £509,493 and the rental value as £2,289 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 9 Ballast Road Erith has increased by £954 (0.2%) and its rental value has increased by £109 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 9, Ballast Road, Erith is in very good condition we estimate a sale value of £534,968 and rental value of £2,403 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £473,828 and a rental value of £2,128 per month.
If you were able to purchase this property for the estimated value of £509,493, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,504 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, 9, Ballast Road, Erith sits on a plot of 127m2.
We have plot size data on 12 out of 12 other houses in the postcode and 9, Ballast Road, Erith sits on the 3rd largest plot.
According to HM Land Registry, 9, Ballast Road, Erith was last sold on 28 Feb 2020 for £455,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2020, the market for similar properties has risen 12.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9, Ballast Road, Erith within a radius of 540 metres over the last 2 years.
The most recent example is 24, Adit Road, Erith, DA8 1FQ, a Freehold house which sold for £490,000 in Jun 2023.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ballast Road, Erith, DA8 has a total of 68 addresses. According to our analysis of all the public data, 9, Ballast Road, Erith is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £171k more expensive than the average property in DA8.
9, Ballast Road, Erith has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Jan 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using an electric air source heat pump and underfloor heating.
The closest station to 9, Ballast Road, Erith is Erith station which is 700 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 9, Ballast Road, Erith, 42.8% of property is privately owned outright and 38.4% 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 9, Ballast Road, Erith, 16.8% of residents are recorded as possessing school level qualifications and 26.8% 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 9, Ballast Road, 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 9, Ballast Road, Erith, 1.2% 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 9, Ballast 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.