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Riverdale Road, Erith

South East

£475,000
Listed on 11/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
848 sqft

Description

This spacious family home is situated on a tranquil residential street near Belvedere and Nuxley Village, boasting 848sqft of internal living space. A notable feature is the approved planning permission for constructing an additional house on the adjacent side plot, providing significant investment potential. Upon entering, you are welcomed by a large central hallway leading to a generous reception room measuring 20'4" x 11', which benefits from multiple windows ensuring ample natural light and direct access to the south-facing garden—an ideal area for gardening enthusiasts to cultivate their personal oasis. The L-shaped kitchen, modern in design, connects seamlessly to a utility room that presents opportunities for potential restructuring (subject to planning permission) to enhance the property's layout or extend the living space further. The upper level features three well-sized bedrooms and a contemporary family bathroom, with two bedrooms equipped with built-in storage solutions. Additional highlights include gas central heating, double glazing, a convenient extra w/c, updated electrics, and the advantage of no onward chain. Located in a family-friendly neighborhood with excellent access to local schools, parks, shopping options along Fraser Road, and proximity to Erith Station for swift travel into Central London via the Southeastern Line and Elizabeth Line.

Investment Analysis

(DA8 area)

Above Market Value

This property is priced +37.7% above area average per sq ft

+37.7%
This Property
£560/sq ft
Area Average
£407/sq ft
Avg Rent (weekly)
£365
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£379,323
10% above area average per sq ft
Potential ROI
-27.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (DA8)

Area prices are rising by +5.8% over the last 12 months
3 year growth: +1.7%
5 year growth: +7.9%
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

Riverdale Road, Erith
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,713
Based on a loan of £356,250 over 30 years at 4.06% 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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