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.