Flat 21, Drake Point
Flat 21, Drake Point
Description & Estimates
According to the public record, Flat 21, Drake Point, Erith is a modern leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 21, Drake Point, Erith is £221,357 and the estimated rental value is £1,383 per month.
The apartment is within Drake Point, Chichester Wharf, Erith, DA8.
Chichester Wharf, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
Our Data Sources
Flat 21, Drake Point, Erith has 31 entries in the Land Registry , most recently in December 2023 and a single entry in the EPC database dated May 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
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 21, Drake Point, Erith is in very good condition we estimate a sale value of £232,424 and a rental value of £1,452 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £205,862 and a rental value of £1,286 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 21, Drake Point, Erith has decreased by £2,206 (1.0%), while its estimated rental value has grown by £41 per month (2.9%). Based on current estimates, the property offers a gross rental yield of 7.5%.
Energy Efficiency
Flat 21, Drake Point, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 May 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, Flat 21, Drake Point, Erith was last sold on 14th December 2023 for £226,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since December 2023, the market for similar properties has dropped by 2.1%.
- Sold Dec 2023£226,500
- Sold Jan 2006£155,000
- Sold Jul 2002£157,500
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 21, Drake Point, Erith within a radius of 550 metres over the last 2 years.
The most recent example is Flat 3, Corral Heights, Chichester Wharf, Erith, DA8 1SF, a leasehold flat which sold for £152,000 on the 6th September 2024.
Read more about house prices in DA8.
- Sold Sep 2024£152,000 | 2 Bed FlatCorral Heights, Chichester WharfFlat 3, Corral Heights, Chichester Wharf, Erith, DA8 1SF
- Sold Oct 2022£220,000 | 2 Bed FlatDrake Point, Chichester WharfFlat 12, Drake Point, Chichester Wharf, Erith, DA8 1BG
- Sold Apr 2022£235,000 | 2 Bed FlatSchooner House, Chichester WharfFlat 10, Schooner House, Chichester Wharf, Erith, DA8 1BF
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Chichester Wharf, Erith, DA8 has a total of 158 addresses. According to our analysis of all the public data, Flat 21, Drake Point, Erith is the 108th largest and the 138th most expensive property on the street.
When compared to the postcode district it is £120k less expensive than the average property in DA8.
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Schools Nearby
- 700mChrist Church (Erith) CofE Primary School
- 900mLime Wood Primary School
- 1.2kmSt Fidelis Catholic Primary School
- 1.2kmTrinity Church of England School, Belvedere
- 1.3kmLeigh Academy Bexley
- 3.2kmHaberdashers' Crayford Academy
More reading links
Public Transport Nearby
The closest station to Flat 21, Drake Point, Erith is Erith station, which is 300 metres away.
- 300mErith
- 2.0kmSlade Green
- 2.0kmBelvedere
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
