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Erith House Prices

The average house price in Erith is £277,166 using HM Land Registry data.

The average property price increased by £99,790 (37.53%) over the last 5 years and increased by £19,944 (5.77%) over the last 12 months.

Over the last year, there were 92 residential property sales – a decrease of 49 transactions (-53.26%) relative to the previous year. The majority of house sales (28) were in the £200,000 - £256,000 range. Then came properties in the £312,000 - £368,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 121 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,566 (-1%).

In April 2024, there were 24 new estate agency instructions, 14 agreed home sales and 10 property price reductions.

5-Year Average Property Prices in Erith

37.53%

Property prices in Erith increased by 37.53% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Erith Over the Last Year

5.77%

Property prices in Erith increased by 5.77% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for Erith - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Erith

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Erith

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Erith

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Erith since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Erith area since 1995.

Recent Property Sales in Erith

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 14, Drake Point, Chichester Wharf, Erith, Greater London, DA8 1BG	£280,000	£265,000	-£15,000	07 Jul 2023	02 Feb 2024	210 Days
2 Friday Road, Erith, Greater London, DA8 1PL	£320,000	£305,000	-£15,000	03 Jul 2023	31 Jan 2024	212 Days
Flat 21, Drake Point, Chichester Wharf, Erith, Greater London, DA8 1BG	£235,000	£226,500	-£8,500	26 Apr 2023	14 Dec 2023	232 Days
Flat 2, Corral Heights, Chichester Wharf, Erith, Greater London, DA8 1SF	£250,000	£250,000	£00	27 Mar 2023	30 Nov 2023	248 Days
5 Winifred Road, Erith, Greater London, DA8 1AJ	£375,000	£375,000	£00	08 Jun 2023	31 Oct 2023	145 Days
52 Chandlers Drive, Erith, Greater London, DA8 1LL	£220,000	£218,000	-£2,000	16 Jun 2023	23 Oct 2023	129 Days
75a, Bexley Road, Erith, Greater London, DA8 3SW	£274,995	£274,995	£00	11 Jun 2023	20 Oct 2023	131 Days
16 Vicarage Close, Erith, Greater London, DA8 1ET	£475,000	£455,000	-£20,000	07 Jun 2023	22 Sep 2023	107 Days
69 Erith Road, Belvedere, Greater London, DA17 6HF	£550,000	£550,000	£00	13 Mar 2023	18 Sep 2023	189 Days
Flat 4, Old College Court, Upper Holly Hill Road, Belvedere, Greater London, DA17 6JG	£200,000	£200,000	£00	06 Jun 2023	01 Sep 2023	87 Days
6 Park Crescent, Erith, Greater London, DA8 3DE	£525,000	£520,000	-£5,000	02 Mar 2023	18 Aug 2023	169 Days
4 Park Crescent Road, Erith, Greater London, DA8 3DX	£500,000	£490,000	-£10,000	13 Feb 2023	07 Aug 2023	175 Days
12 Wharfside Close, Erith, Greater London, DA8 1QR	£385,000	£375,000	-£10,000	23 Nov 2022	31 Jul 2023	250 Days
87 Bexley Road, Erith, Greater London, DA8 3SW	£490,000	£465,000	-£25,000	23 Mar 2023	24 Jul 2023	123 Days
74 Bexley Road, Erith, Greater London, DA8 3SP	£400,000	£387,000	-£13,000	24 Apr 2023	14 Jul 2023	81 Days
92 Rutland Gate, Belvedere, Greater London, DA17 6HH	£250,000	£246,500	-£3,500	07 Feb 2023	07 Jul 2023	150 Days
55 Pier Road, Erith, Greater London, DA8 1TB	£218,000	£215,000	-£3,000	31 Mar 2023	29 Jun 2023	90 Days
11 Cricketers Close, Erith, Greater London, DA8 1TU	£230,000	£230,000	£00	21 Feb 2023	16 Jun 2023	115 Days
39 Compton Place, Erith, Greater London, DA8 1RY	£350,000	£350,000	£00	16 Jan 2023	09 Jun 2023	144 Days
7 Maximfeldt Road, Erith, Greater London, DA8 1AH	£350,000	£345,000	-£5,000	23 Dec 2022	05 Jun 2023	164 Days

Most Expensive Streets in Erith

Postcode	Street	Area	Average	No. of Sales
DA8 3DQ	Lesney Park Road	Erith	£698,774	4
DA8 3DG	Lesney Park Road	Erith	£652,500	4
DA8 3AS	Avenue Road	Erith	£615,000	4
DA8 1FU	Chalk Road	Erith	£526,666	3
DA8 3DZ	Park Crescent	Erith	£525,000	5
DA8 1FT	Loampit Road	Erith	£510,750	10
DA8 1FQ	Adit Road	Erith	£468,200	25
DA8 1FP	Ballast Road	Erith	£462,500	12
DA8 1FH	Loampit Road	Erith	£456,462	27
DA8 3DX	Park Crescent Road	Erith	£451,875	4

Least Expensive Streets in Erith

Postcode	Street	Area	Average	No. of Sales
DA8 1FE	Gala Court 83	Erith High Street, Erith	£113,702	21
DA8 3DL	Lesney Park Road	Erith	£119,038	13
DA8 1GL	Erith High Street	Erith	£122,033	3
DA8 1SQ	James Watt Way	Erith	£149,125	4
DA8 1NT	Neptune Walk	Erith	£155,833	3
DA8 3FJ	Bellingham Court	Larner Road	£161,833	6
DA8 1NB	Sycamore Court	Sandcliff Road	£168,333	3
DA17 6LE	Erith Road	Belvedere	£177,708	12
DA8 1TX	Cricketers Close	Erith	£182,000	4
DA8 1LN	Chandlers Drive	Erith	£183,555	9