Values have been changing and have risen £1,286 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,357 in last 6 months, £16,839 in last 1 year, £27,757 in last 2 years, £30,407 in last 3 years, £31,024 in last 4 years and £31,088 in last 5 years.
Currently average asking price of a property in Drummond Close, Erith, DA8 is around £247,074 based on approximately 4 properties for sale. Same is the case with rental options based on 32 properties up for rent, average asking rent is around £980 per month.
Estimated property value in Drummond Close, Erith, DA8 is £187,034. Average asking price is £247,074 while average price paid is £175,625 which is up by £16,839 and Avg. asking rent £980.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 Drummond Close, Erith, DA8 area. In last 1 year alone average price buyer paid is around £175,625 based on approximately 4 sales in Drummond Close, Erith, DA8 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £169,357. 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 £161,076 for 13 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £160,366 per sale.