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Oakdene Avenue, Erith, DA8 - Image 1
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Oakdene Avenue, Erith, DA8

South East

£425,000
Listed on 05/09/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
676 sqft

Description

This semi-detached bungalow features three bedrooms and offers a unique opportunity for renovation and investment. While it requires modernisation, the property holds considerable potential for improvement and even possible extension, subject to planning permission. It is currently configured with a welcoming hall, a spacious lounge, a kitchen, and a shower room. The outdoor space includes a secluded rear garden with a paved seating area, providing an inviting spot for relaxation or entertainment. Additionally, the property benefits from side access and driveway parking suitable for one vehicle, along with a garage that adds further convenience. Located within walking distance of local shops and both Erith and Barnehurst stations, this bungalow's position enhances its appeal for families or investors seeking rental opportunities. Nearby amenities include Northumberland Heath’s local shops and Erith town center less than a mile away. Bexleyheath Shopping Centre is approximately two miles distant, while Bluewater Shopping Centre offers extensive retail options just over eight miles away. For outdoor enthusiasts, several parks are within easy reach: Franks Park is just one mile away, Martens Grove Park is 1.5 miles away, and Hall Place and Gardens can be found within 2.5 miles. Families will appreciate the proximity to reputable schools. St Fidelis Catholic Primary School (0.11 miles) and Northumberland Heath Primary School (0.27 miles) both hold "Good" Ofsted ratings, while Barnehurst Junior and Infant Schools (0.48 miles) are rated "Outstanding." This combination of educational options adds further value to the location. In summary, this 3-bedroom semi-detached bungalow presents an excellent opportunity for those looking to invest in a property with significant renovation potential in a well-connected area with strong local amenities.

Investment Analysis

(DA8 area)

Above Market Value

This property is priced +55.2% above area average per sq ft

+55.2%
This Property
£629/sq ft
Area Average
£405/sq ft
Avg Rent (weekly)
£384
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£301,270
10% above area average per sq ft
Potential ROI
-35.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (DA8)

Area prices are rising by +6.1% over the last 12 months
3 year growth: 3.8%
5 year growth: 10.0%
Investment Disclaimer: Analysis based on DA8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Oakdene Avenue, Erith, DA8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,557
Based on a loan of £318,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE