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Manor Road, Erith, Kent, DA8 - Image 1
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Manor Road, Erith, Kent, DA8

South East

£300,000
Listed on 02/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
818 sqft

Description

This two-bedroom Victorian terrace presents a promising opportunity for those looking to add their personal touch or enhance its value through renovation. The property features a spacious open-plan living and dining area, complete with a working open fire, perfect for creating a cozy atmosphere during the winter months. There is also a ground floor bathroom, which adds convenience, as well as a practical lean-to space that is ideal for storage of bikes or outdoor gear. The low-maintenance rear garden offers an inviting outdoor space that can be enjoyed come summertime. Situated within a convenient location, the home is just a short 12-minute walk from Erith Station, which provides swift access to the Elizabeth Line via Abbey Wood—making commuting straightforward. Day-to-day necessities are easily accessible, with Morrisons only 4 minutes away on foot and the Erith Riverside Shopping Centre just 7 minutes away. While the property is generally in good condition, it holds significant renovation potential. With some modernization and upgrades, this home could greatly increase in value over time, making it an excellent investment for first-time buyers or those looking to downsize while still maintaining proximity to essential amenities and transport links. This property’s ideal location and the opportunity for enhancement position it as an attractive choice for buyers eager to customize their living space or invest wisely in the housing market.

Investment Analysis

(DA8 area)

Below Market Value

This property is priced -10.1% below area average per sq ft

-10.1%
Potential saving
This Property
£367/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£404
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£367,118
10% above area average per sq ft
Potential ROI
+11.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (DA8)

Area prices are rising by +7.1% over the last 12 months
3 year growth: 3.3%
5 year growth: 9.7%
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.

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Location

Manor Road, Erith, Kent, DA8
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