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Riverdale Road, Erith

South East

£385,000
Listed on 25/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1194 sqft

Description

This three-bedroom home in the sought-after Lessness Heath area presents an excellent opportunity for those looking to invest or renovate. As you enter, you are greeted by a spacious through lounge that provides a flexible living area, ideal for both family gatherings and entertaining. The interior features neutral decor and carpeting, providing a blank canvas for your personal touch. The galley kitchen is equipped with integrated appliances and matching wall units, offering functionality with the potential for modernization or expansion. At the rear of the property, you'll find a family bathroom that has been tiled, adding a practical element to the home. One of the standout features is the expansive southeast-facing garden, a bright outdoor space perfect for enjoying sunny days. There's also a dedicated patio area at the back, which could be ideal for outdoor dining or summer barbeques. Additionally, there’s a considerable opportunity to extend the property either at the back or into the loft space—something that neighboring homes have successfully pursued to enhance their value. Upstairs, you'll discover three double bedrooms, with the master measuring 12’9" x 11’5", providing ample space for comfort and privacy. Location-wise, Riverdale Road sits in a tranquil residential neighborhood that is particularly family-friendly. The area boasts an array of reputable schools and nurseries within easy reach. Local parks, including Franks Park which has a children's playground, offer recreational options just moments away. Nuxley Village is nearby as well, featuring local eateries and shops for daily conveniences. Further shopping options can be found at Erith shopping centre, located just under one mile away. Commuters will appreciate Erith Station's proximity (also about 0.9 miles), providing direct Southeastern line services to central London via Canon Street and London Bridge. Moreover, it’s only two stops from Abbey Wood station where you can access the fast Elizabeth Line service connecting to Heathrow Airport and beyond. This property's investment potential is significant; with thoughtful renovations and extensions in line with neighboring trends, it could become not only an inviting family home but also an asset with substantial future value.

Investment Analysis

(DA8 area)

Below Market Value

This property is priced -20.4% below area average per sq ft

-20.4%
Potential saving
This Property
£322/sq ft
Area Average
£405/sq ft
Avg Rent (weekly)
£384
Avg Yield
5.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£532,124
10% above area average per sq ft
Potential ROI
+29.8%
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

Riverdale Road, 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
£1,410
Based on a loan of £288,750 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