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Opal Court Rainbow Road is a residential building situated on Rainbow Road, Erith, DA8 with 9 addresses.
It ranks as the 363rd largest and 407th most expensive of the 457 buildings in the DA8 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 9 properties: 9 flats.
Opal Court Rainbow Road is a residential building situated on Rainbow Road, Erith, DA8 with 9 addresses.
It ranks as the 363rd largest and 407th most expensive of the 457 buildings in the DA8 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 9 properties: 9 flats.
Sale prices range from £263,438 for 2 bedroom leasehold flats (613 ft2) to £281,566 for 2 bedroom leasehold flats (688 ft2) .
Monthly rental prices range from £1,428 pcm for 2 bed flats to £1,522 pcm for 2 bed flats.
The gross rental yield is between 6.5% and 6.5%.
The average value per square foot is £409.
The last sale in Opal Court Rainbow Road sold for £245,000 on 29th August 2024. Since then prices are down an average of 1.2%.
The current average value in the building is £278,406.
The Opal Court Rainbow Road Sales Market has increased by 14.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.9% | £278,406 |
| May 2025 | -1% | £281,037 |
| May 2024 | 0.3% | £283,752 |
| May 2023 | -1.4% | £282,859 |
| May 2022 | 5.6% | £286,730 |
| May 2021 | 1.8% | £271,651 |
| May 2020 | 2.4% | £266,968 |
| May 2019 | -1% | £260,815 |
| May 2018 | 1.8% | £263,512 |
| May 2017 | 6.2% | £258,787 |
| May 2016 | 13.1% | £243,601 |
| May 2015 | 15.3% | £215,309 |
| May 2014 | 14.6% | £186,747 |
| May 2013 | 2.2% | £162,984 |
| May 2012 | 1.1% | £159,501 |
| May 2011 | 0.1% | £157,754 |
| May 2010 | 2.7% | £157,634 |
| May 2009 | -14.3% | £153,542 |
| May 2008 | 1.7% | £179,123 |
| May 2007 | 0% | £176,146 |
The current average rental value in the building is £1,506.
The Opal Court Rainbow Road Rental Market has increased by 44.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.8% | £1,506pcm |
| May 2025 | 1.2% | £1,465pcm |
| May 2024 | 8.2% | £1,449pcm |
| May 2023 | 16.5% | £1,338pcm |
| May 2022 | 4.2% | £1,149pcm |
| May 2021 | 2.1% | £1,103pcm |
| May 2020 | 3.1% | £1,081pcm |
| May 2019 | 0.6% | £1,048pcm |
| May 2018 | 1% | £1,042pcm |
| May 2017 | -1.2% | £1,032pcm |
| May 2016 | 4.8% | £1,044pcm |
| May 2015 | 8.3% | £996pcm |
| May 2014 | 5.3% | £920pcm |
| May 2013 | 2.5% | £874pcm |
| May 2012 | 6.9% | £852pcm |
| May 2011 | 3.9% | £797pcm |
| May 2010 | 2.1% | £768pcm |
| May 2009 | -3.3% | £752pcm |
| May 2008 | 6.1% | £778pcm |
| May 2007 | 0% | £733pcm |
The last sale was on 29th August 2024 for £245,000 and since then the market in the area has decreased by 1.2%. The building has had a total of 13 sales since 1995.
Opal Court, Rainbow Road, Erith, DA8 2EQ has seen 2 sales in the last three years and no sales in the last twelve months.
The closest station to Opal Court, Rainbow Road, Erith, DA8 2EQ is Slade Green station which is 700 metres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around Opal Court, Rainbow Road, Erith, DA8 2EQ, % of property is and % is .
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 Opal Court, Rainbow Road, Erith, DA8 2EQ, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 Opal Court, Rainbow Road, Erith, DA8 2EQ, 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 Opal Court, Rainbow Road, Erith, DA8 2EQ, there are an average of 0.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.