View Properties for Sale in Erith

Area Guide For Erith

Erith is a district of South East London within the London Borough of Bexley, remarkably overlooking the River Thames. Since early 2000 a significant number of new flats have been constructed by the river by private companies such as George Wimpey. It is expected that the Erith Western Gateway, which will include numerous new riverside flats, it will continue to regenerate the area. The area under consideration in the Erith Western Gateway is a large, underused area of the town centre. Bexley Council is seeking to provide a mixed-use development with the potential for 6,000 square metres of new commercial space and over 500 new homes.


Erith Map

Estimated Price: £228,354
Average Asking Price: £247,991
Price change in last one year: £12,500
Average Price Paid: £182,898
Average Rent Rates: £1,183


Property Prices Breakdown in Erith

Average Price for property in Erith is around £228,354 which varies based on type of property you are interested in and ranges from £353,473 for detached house to around £273,462 for semi-detached. Similarly terraced house is around £227,127 and a flat is worth £162,716. Values have been changing and have risen £1,219 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,551 in last 6 months, £12,500 in last 1 year, £31,793 in last 2 years, £32,850 in last 3 years, £32,945 in last 4 years and £31,579 in last 5 years.

Currently average asking price of a property in Erith is around £247,991 based on approximately 422 properties for sale. Same is the case with rental options based on 42 properties up for rent, average asking rent is around £1,183 per month.

Estimated property value in Erith is £228,354. Average asking price is £247,991 while average price paid is £206,467 which is up by £12,500 and Avg. asking rent £1,183.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Erith area. In last 1 year alone average price buyer paid is around £206,467 based on approximately 422 sales in Erith area alone. If you compare it to last 3 years sales of 1,054 properties where buyers paid around £189,334. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £182,898 for 1,615 and average amount paid for purchase of approx. 2,210 properties sold in last 7 years comes to about £180,261 per sale.


Properties For Sale in Erith


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £137,500, £231,730 for a 2 bedroom house, £271,111 for a 3 bedroom house, £340,527 for a 4 bedroom house and £437,498 for a 5 bedroom house. For a flat similarly the prices varies from £243,995 for a single bedroom to £171,428 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £152,500. To sum up the asking prices for properties in Erith it comes to around average £213,568 for 1 bedroom property, £188,470 for 2 bedroom, £255,806 for 3 bedroom, £340,527 for 4 bedroom and £437,498 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £299 for 1 bedroom to £1,134 for 2 bedroom, £1,257 for 3 bedroom and £1,389 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £725. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £932 and £1,200 for 4 bedroom. You should be generally be expecting around average £678 rent per month for single bedroom property, £1,018 for 2 bedroom, £1,257 for 3 bedroom and approximately £1,326 for 4 bedroom property in Erith area.

Popular Houses in Erith

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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