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Brook Street, Erith, DA8 3QE - Image 1
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Brook Street, Erith, DA8 3QE

South East

£75,000
Listed on 03/09/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This freehold investment opportunity consists of four maisonettes, each previously sold on long leases and currently generating income through ground rents. Additionally, there are five garages located at the rear of the property, which are not included in the maisonette titles and are currently leased for £30 per month each. There is potential for development or enhancement (subject to planning permission), making it an appealing prospect for investors looking to expand their portfolio in the South East. The existing structure provides a foundation for various redevelopment possibilities that could significantly increase its value.

Investment Analysis

(DA8 area)
Area Average
£405/sq ft
Avg Rent (weekly)
£384
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £50,000
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

Brook Street, Erith, DA8 3QE
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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
£275
Based on a loan of £56,250 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