Values have been changing and have risen £1,697 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,747 in last 6 months, £22,206 in last 1 year, £36,602 in last 2 years, £40,095 in last 3 years, £40,908 in last 4 years and £40,991 in last 5 years.
Currently average asking price of a property in The Drive, 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 The Drive, Erith, DA8 is £247,771. Average asking price is £247,074 while average price paid is £230,000 which is up by £22,206 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 The Drive, Erith, DA8 area. In last 1 year alone average price buyer paid is around £230,000 based on approximately 1 sales in The Drive, Erith, DA8 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £219,625. 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 £208,357 for 7 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £205,437 per sale.