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Cornwallis Close, Erith, DA8

South East

£350,000
Listed on 30/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom terraced house presents a unique opportunity for those looking to invest in a property that offers both renovation potential and a prime location. With no ongoing chain, the purchase process is streamlined, making it an attractive option for first-time buyers or families eager to create their ideal living space. The property features a spacious reception/dining room, which provides ample room for entertaining or family gatherings. The kitchen area, while functional, is in need of updates and offers the perfect chance for new owners to customize it to their tastes. Each of the three bedrooms is generously sized, accommodating the needs of growing families or individuals seeking versatile living arrangements. A family bathroom completes the interior layout. Externally, the garden adds additional value with its potential as an outdoor retreat. This space can be transformed into a personal oasis for relaxation or as a play area for children. Off-street parking further enhances convenience for residents and visiting guests. Situated in a well-connected neighborhood, this home benefits from easy access to public transport and nearby amenities, ensuring that daily conveniences are just moments away. With its EPC rating of C and council tax band C, this property strikes a balance between practicality and potential. While the house requires some updates and renovations, it stands as an excellent canvas for buyers eager to enhance its value through personalized improvements. This characteristic makes it not only a comfortable family home but also a promising investment opportunity in a desirable area. Arrange your viewing today to explore how you can transform this property into your dream residence.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £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

Cornwallis Close, Erith, DA8
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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
£1,282
Based on a loan of £262,500 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE