According to the public record, 81B, Riverdale Road, Erith is a period leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 81, Riverdale Road, Erith, DA8.
Riverdale Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
81B, Riverdale Road, Erith has 21 entries in the Land Registry database, most recently in March 2015 and a single entry in the EPC database dated February 2022.
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 81B Riverdale Road Erith as £187,457 and the rental value as £1,277 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 81B Riverdale Road Erith has increased by £2,792 (1.5%) and its rental value has increased by £79 per month (6.2%).
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 81B, Riverdale Road, Erith is in very good condition we estimate a sale value of £196,830 and rental value of £1,341 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £174,335 and a rental value of £1,188 per month.
If you were able to purchase this property for the estimated value of £187,457, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £921 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, 81B, Riverdale Road, Erith was last sold on 06 Mar 2015 for £127,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2015, the market for similar properties has risen 34.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 81B, Riverdale Road, Erith within a radius of 560 metres over the last 2 years.
The most recent example is Flat 26, Old College Court, Upper Holly Hill Road, Belvedere, DA17 6JG, a Leasehold flat which sold for £220,500 in Nov 2021.
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, 81B, Riverdale Road, Erith is the 327th largest and the 333rd most expensive property on the street.
When compared to the postcode district it is £151k less expensive than the average property in DA8.
81B, Riverdale Road, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Feb 2022.
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 81B, Riverdale Road, Erith is Erith station which is 800 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 81B, Riverdale Road, Erith, 33.6% of property is privately rented and 32.1% 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 81B, Riverdale Road, Erith, 27.7% of residents are recorded as possessing school level qualifications and 41.8% 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 81B, 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 81B, Riverdale Road, Erith, 0.8% 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 81B, 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.