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Howbury Lane, Erith

South East

£325,000
Listed on 12/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
752 sqft

Description

This family home presents a commendable opportunity for renovation and investment, ideally situated near Slade Green station and adjacent to Howbury Lane Park. The property encompasses 752 square feet of living space, complemented by well-maintained front and back gardens that enhance its appeal. Upon entry, the front reception room greets you with its spacious layout, featuring a decorative fireplace and a bay window that fills the space with natural light. This area offers a welcoming atmosphere but also invites imaginative updates to create a more contemporary feel. The adjoining kitchen-diner showcases a practical U-shaped design, providing ample countertop space while allowing for a sizable dining arrangement. Here, double doors create seamless access to the landscaped garden, which includes both a patio area and a separate lawn section—perfect for outdoor activities or gatherings. The garden’s orientation ensures it is bathed in sunlight throughout the day, while also presenting an opportunity for expansion through a rear extension, as some neighbors have successfully done. The upper level maintains a traditional layout with three bedrooms and a family bathroom. Two of the bedrooms are generously sized, while the third smaller room may serve well as an office or study space—an appealing option for those working from home. Although the house has been well-cared-for during the current owners’ time, it offers numerous avenues for buyers to add their personal touch and value through updates or even potential loft conversion (subject to planning permission). In terms of location benefits, Howbury Lane is family-friendly with various local amenities within easy reach. The nearby Morrisons supermarket is just a short walk away (0.2 miles), alongside an array of educational institutions catering to families in the area. Additionally, Erith shopping center is nearby, offering diverse shops, cafes, restaurants, and takeaways. Commuters will appreciate Slade Green station's proximity—also around 0.2 miles away—which provides convenient Thameslink and Southeastern services into London. Notably, Abbey Wood station is only three stops away (often direct) and offers access to the new Elizabeth Line. This property not only holds immediate charm but also significant potential for enhancing its value through thoughtful renovations or expansions. Consider this unique opportunity to invest in both your future home and financial prospects within this vibrant community.

Investment Analysis

(DA8 area)

Above Market Value

This property is priced +6.7% above area average per sq ft

+6.7%
This Property
£432/sq ft
Area Average
£405/sq ft
Avg Rent (weekly)
£384
Avg Yield
5.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£335,140
10% above area average per sq ft
Potential ROI
-6.9%
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

Howbury Lane, Erith
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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
£1,191
Based on a loan of £243,750 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