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Colyers Lane, Erith

South East

£400,000
Listed on 12/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
978 sqft

Description

This three-bedroom semi-detached home presents a unique opportunity for those looking to invest in a property with substantial renovation potential. The generous living space is complemented by a thoughtful layout, making it an ideal canvas for further development, pending necessary planning permissions. Upon entering, you are greeted by a spacious entrance hall that leads to a sizable W/C equipped with wet room facilities. To the opposite side, the large living room features a charming front bay window that floods the space with natural light. The living room seamlessly connects to a dining area, creating a fluid transition to the well-sized kitchen and rear porch, which can easily be reimagined to suit your vision. The upper level offers two expansive double bedrooms alongside a comfortable single bedroom. A family bathroom and separate W/C provide essential amenities while presenting opportunities for modern updates and enhancements. Externally, the property stands out with its considerable frontage, along with the benefit of a lean-to and brick-built garage on the side. The additional side space further enhances its appeal, allowing for potential expansion or outdoor improvements within regulatory guidelines. Situated in a desirable location, this home provides flexible accommodation that can be tailored to fit personal needs or investment goals. The area's accessibility and conveniences add significant value to this property’s potential as an excellent long-term investment.

Investment Analysis

(DA8 area)

Above Market Value

This property is priced +0.9% above area average per sq ft

+0.9%
This Property
£409/sq ft
Area Average
£405/sq ft
Avg Rent (weekly)
£384
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£435,860
10% above area average per sq ft
Potential ROI
-5.2%
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

Colyers 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
£1,465
Based on a loan of £300,000 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