According to the public record, Flat 14, Drake Point, Erith is a modern leasehold apartment with 904 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Drake Point, Chichester Wharf, Erith, DA8.
Chichester Wharf, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
Flat 14, Drake Point, Erith has 31 entries in the Land Registry database, most recently in February 2024 and a single entry in the EPC database dated October 2019.
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 Flat 14 Drake Point Erith as £263,807 and the rental value as £1,515 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 14 Drake Point Erith has increased by £5,144 (2.0%) and its rental value has increased by £100 per month (6.6%).
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 Flat 14, Drake Point, Erith is in very good condition we estimate a sale value of £276,997 and rental value of £1,591 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £245,340 and a rental value of £1,409 per month.
If you were able to purchase this property for the estimated value of £263,807, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,297 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, Flat 14, Drake Point, Erith was last sold on 02 Feb 2024 for £265,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Feb 2024, the market for similar properties has risen 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 14, Drake Point, Erith within a radius of 560 metres over the last 2 years.
The most recent example is Flat 13, Schooner House, Chichester Wharf, Erith, DA8 1BF, a Leasehold flat which sold for £259,000 in Dec 2023.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chichester Wharf, Erith, DA8 has a total of 158 addresses. According to our analysis of all the public data, Flat 14, Drake Point, Erith is the 18th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £75k less expensive than the average property in DA8.
Flat 14, Drake Point, Erith has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 30 Oct 2019.
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 Flat 14, Drake Point, Erith is Erith station which is 300 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 Flat 14, Drake Point, Erith, 45.2% of property is privately rented and 27.6% 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 Flat 14, Drake Point, Erith, 26.6% of residents are recorded as possessing school level qualifications and 46.0% 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 Flat 14, Drake Point, Erith, the average age was 34.2 and the most common age was 7.
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 Flat 14, Drake Point, 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 Flat 14, Drake Point, Erith, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.