Values have been changing and have risen £1,509 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,112 in last 6 months, £19,757 in last 1 year, £32,568 in last 2 years, £35,678 in last 3 years, £36,402 in last 4 years and £36,476 in last 5 years.
Currently average asking price of a property in Wessex Drive, 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 Wessex Drive, Erith, DA8 is £222,629. Average asking price is £247,074 while average price paid is £214,750 which is up by £19,757 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 Wessex Drive, Erith, DA8 area. In last 1 year alone average price buyer paid is around £214,750 based on approximately 4 sales in Wessex Drive, Erith, DA8 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £185,299. 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 £175,867 for 19 and average amount paid for purchase of approx. 24 properties sold in last 7 years comes to about £171,853 per sale.