According to the public record, 234A, Riverdale Road, Erith is a period leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 234, Riverdale Road, Erith, DA8.
Riverdale Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
234A, Riverdale Road, Erith has 31 entries in the Land Registry database, most recently in July 2021 and a single entry in the EPC database dated January 2021.
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 234A Riverdale Road Erith as £224,514 and the rental value as £1,342 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 234A Riverdale Road Erith has increased by £2,908 (1.3%) and its rental value has increased by £80 per month (6.0%).
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 234A, Riverdale Road, Erith is in very good condition we estimate a sale value of £235,740 and rental value of £1,409 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £208,798 and a rental value of £1,248 per month.
If you were able to purchase this property for the estimated value of £224,514, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,103 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, 234A, Riverdale Road, Erith was last sold on 09 Jul 2021 for £250,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2021, the market for similar properties has risen 4.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 234A, Riverdale Road, Erith within a radius of 560 metres over the last 2 years.
The most recent example is 198B, Riverdale Road, Erith, DA8 1QF, a Leasehold flat which sold for £245,000 in May 2022.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Riverdale Road, Erith, DA8 has a total of 347 addresses. According to our analysis of all the public data, 234A, Riverdale Road, Erith is the 289th largest and the 289th most expensive property on the street.
When compared to the postcode district it is £114k less expensive than the average property in DA8.
234A, Riverdale Road, Erith has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Jan 2021.
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 234A, Riverdale Road, Erith is Belvedere station which is 1.2 kilometres 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 234A, Riverdale Road, Erith, 39.7% of property is socially rented and 23.8% 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 234A, Riverdale Road, Erith, 31.8% of residents are recorded as possessing school level qualifications and 27.4% 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 234A, Riverdale 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 234A, Riverdale 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 234A, Riverdale Road, Erith, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.