Values have been changing and have risen £1,581 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,353 in last 6 months, £20,685 in last 1 year, £34,096 in last 2 years, £37,351 in last 3 years, £38,108 in last 4 years and £38,189 in last 5 years.
Currently average asking price of a property in Newbery Road, Erith, DA8 is around £247,074 based on approximately 1 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 Newbery Road, Erith, DA8 is £230,758. Average asking price is £247,074 while average price paid is £243,000 which is up by £20,685 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 Newbery Road, Erith, DA8 area. In last 1 year alone average price buyer paid is around £243,000 based on approximately 1 sales in Newbery Road, Erith, DA8 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £167,500. 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 £176,817 for 11 and average amount paid for purchase of approx. 13 properties sold in last 7 years comes to about £174,384 per sale.