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House Prices in DA8 House Prices in DA8 (Erith)

The average house price in DA8 (Erith) is £351,428 using HM Land Registry data.

The average property price increased by £48,371 (23.46%) over the last 5 years and increased by £9,692 (3.6%) over the last 12 months.

Over the last year, there were 199 residential property sales – a decrease of 70 transactions (-35.18%) relative to the previous year. The majority of house sales (42) were in the £324,000 - £376,000 range. Then came properties in the £220,000 - £272,000 range, where 38 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 92 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,035 (-1%).

In Oct 24, there were 59 new estate agency instructions, 42 agreed home sales and 35 property price reductions.

Nearby Postcodes: BR5, BR7, BR8, DA1, DA10, DA11, DA12, DA13, DA14, DA15, DA16, DA17, DA18, DA2, DA3, DA5, DA6, DA7, DA9, ME19, ME2, ME3, ME6, RM10, RM12, RM13, RM14, RM15, RM16, RM19, RM20, RM9, SE18, SE2, SE9, TN15

5-Year Average Property Prices in DA8 (Erith)

23.46%

Property prices in Erith increased by 23.46% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in DA8 (Erith) Over the Last Year

3.6%

Property prices in Erith increased by 3.6% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for DA8 (Erith) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in DA8 (Erith)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in DA8 (Erith)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in DA8 (Erith)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the DA8 (Erith) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the DA8 postcode area since 1995.

Recent Sales in DA8 (Erith)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
73 Heath Way, Erith, Greater London, DA8 3LZ£400,000£380,000-£20,00022 Jan 202409 Aug 2024200 Days
103 Northumberland Way, Erith, Greater London, DA8 3NX£375,000£360,000-£15,00021 Aug 202309 Aug 2024354 Days
52 Barnehurst Close, Erith, Greater London, DA8 3NL£349,950£325,000-£24,95026 Apr 202408 Aug 2024104 Days
Flat 11, Drake Point, Chichester Wharf, Erith, Greater London, DA8 1BG£290,000£270,000-£20,00024 Aug 202326 Jul 2024337 Days
130 Brook Street, Erith, Greater London, DA8 1JA£365,000£360,000-£5,00009 Oct 202305 Jul 2024270 Days
1 Myrtle Close, Erith, Greater London, DA8 3PT£450,000£450,000£0029 Mar 202405 Jul 202498 Days
39 Sandpiper Drive, Erith, Greater London, DA8 2NH£350,000£345,000-£5,00031 Jan 202405 Jul 2024156 Days
38 Newbery Road, Erith, Greater London, DA8 2BY£425,000£425,000£0018 Mar 202405 Jul 2024109 Days
5 Cookson Grove, Erith, Greater London, DA8 1YE£400,000£380,000-£20,00019 Feb 202402 Jul 2024134 Days
Flat 25, Windrush Court, Chichester Wharf, Erith, Greater London, DA8 1BE£260,000£255,000-£5,00023 Oct 202319 Jun 2024240 Days
22 Drummond Close, Erith, Greater London, DA8 3QS£325,000£305,000-£20,00005 Mar 202414 Jun 2024101 Days
55 Duriun Way, Erith, Greater London, DA8 2HG£315,000£305,000-£10,00014 Feb 202431 May 2024107 Days
74 Holly Hill Road, Erith, Greater London, DA8 1QD£265,000£262,500-£2,50004 Dec 202331 May 2024179 Days
20 Barnehurst Close, Erith, Greater London, DA8 3NL£400,000£387,500-£12,50002 Feb 202430 May 2024118 Days
5 Steele Walk, Erith, Greater London, DA8 1YH£375,000£365,000-£10,00031 Jan 202428 May 2024118 Days
23 Newbery Road, Erith, Greater London, DA8 2BZ£450,000£430,000-£20,00020 Nov 202320 May 2024182 Days
3 Clydon Close, Erith, Greater London, DA8 3AX£280,000£280,000£0027 Oct 202310 May 2024196 Days
2 St Pauls Road, Erith, Greater London, DA8 1HL£350,000£350,000£0025 Sep 202310 May 2024228 Days
100 Bexley Road, Erith, Greater London, DA8 3SP£500,000£450,000-£50,00003 Oct 202311 Apr 2024191 Days
44 Cook Square, Erith, Greater London, DA8 2PL£200,000£196,000-£4,00008 Jun 202311 Apr 2024308 Days

Most Expensive Streets in DA8 (Erith)

PostcodeStreetAreaAverageNo. of Sales
DA8 3DGLesney Park RoadErith£652,5004
DA8 3ASAvenue RoadErith£602,5004
DA8 1LQBelmont RoadErith£539,5005
DA8 1FUChalk RoadErith£526,6663
DA8 1YBBronte CloseErith£516,0005
DA8 1FTLoampit RoadErith£510,75010
DA8 1LSNurstead RoadErith£506,5006
DA8 1NFShinglewell RoadErith£505,6254
DA8 2FQCodd WayErith£503,3758
DA8 3BJBuxton RoadErith£500,6663

Least Expensive Streets in DA8 (Erith)

PostcodeStreetAreaAverageNo. of Sales
DA8 2PQFrobisher RoadErith£107,7504
DA8 3DLLesney Park RoadErith£120,03514
DA8 2PUFrobisher RoadErith£159,7504
DA8 1SQJames Watt WayErith£165,0833
DA8 1NBSycamore Court, Sandcliff RoadErith£168,3333
DA8 2PLCook SquareErith£168,5006
DA8 1NTNeptune WalkErith£170,6254
DA8 3FJBellingham Court, Larner RoadErith£170,8577
DA8 1GLErith High StreetErith£181,6217
DA8 1LNChandlers DriveErith£183,20010

Explore DA8 (Erith) using map

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