According to the public record, 7A, The Drive, Erith is a modern leasehold apartment with 387 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 7, The Drive, Erith, DA8.
The Drive, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
7A, The Drive, Erith has 41 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated August 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 reasonable condition, we estimate the current sale value for 7A The Drive Erith as £199,971 and the rental value as £1,112 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 7A The Drive Erith has increased by £2,386 (1.2%) and its rental value has increased by £64 per month (5.7%).
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 7A, The Drive, Erith is in very good condition we estimate a sale value of £209,969 and rental value of £1,167 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £185,973 and a rental value of £1,034 per month.
If you were able to purchase this property for the estimated value of £199,971, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £983 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, 7A, The Drive, Erith was last sold on 05 Mar 2021 for £200,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Mar 2021, the market for similar properties has risen 5.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7A, The Drive, Erith within a radius of 520 metres over the last 2 years.
The most recent example is 167A, Brook Street, Erith, DA8 1EB, a Leasehold flat which sold for £192,500 in Aug 2021.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Drive, Erith, DA8 has a total of 34 addresses. According to our analysis of all the public data, 7A, The Drive, Erith is the 34th largest and the 34th most expensive property on the street.
When compared to the postcode district it is £138k less expensive than the average property in DA8.
7A, The Drive, Erith has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Aug 2020.
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 7A, The Drive, Erith is Barnehurst station which is 1.3 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 7A, The Drive, Erith, 42.0% of property is privately owned with a mortgage and 39.3% is privately owned outright.
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 7A, The Drive, Erith, 22.6% of residents are recorded as possessing school level qualifications and 27.1% 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 7A, The Drive, Erith, the average age was 38.4 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 7A, The Drive, Erith, 0.6% 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 7A, The Drive, Erith, there are an average of 1.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.