According to the public record, Flat 63, Orchard House, Erith is a mid-century leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Orchard House, Northend Road, Erith, DA8.
Northend Road, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
Flat 63, Orchard House, Erith has a single entry in the Land Registry database from September 2014 and a single entry in the EPC database dated December 2014.
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 63 Orchard House Erith as £166,181 and the rental value as £1,100 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of Flat 63 Orchard House Erith has increased by £3,142 (1.9%) and its rental value has increased by £72 per month (6.5%).
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 63, Orchard House, Erith is in very good condition we estimate a sale value of £174,490 and rental value of £1,155 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £154,548 and a rental value of £1,023 per month.
If you were able to purchase this property for the estimated value of £166,181, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £817 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 63, Orchard House, Erith was last sold on 05 Sep 2014 for £100,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2014, the market for similar properties has risen 47.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 63, Orchard House, Erith within a radius of 400 metres over the last 2 years.
The most recent example is 5, Bridge Road, Erith, DA8 2BX, a Leasehold flat which sold for £145,000 in Jul 2023.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Northend Road, Erith, DA8 has a total of 182 addresses. According to our analysis of all the public data, Flat 63, Orchard House, Erith is the 111th largest and the 121st most expensive property on the street.
When compared to the postcode district it is £172k less expensive than the average property in DA8.
Flat 63, Orchard House, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Dec 2014.
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 63, Orchard House, Erith is Slade Green 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 Flat 63, Orchard House, Erith, 40.1% of property is socially rented and 24.9% 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 Flat 63, Orchard House, Erith, 26.9% of residents are recorded as possessing school level qualifications and 28.0% 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 63, Orchard House, Erith, the average age was 33.5 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 Flat 63, Orchard House, 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 63, Orchard House, Erith, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.