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Riverdale Road, Erith

South East

£260,000
Listed on 20/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1092 sqft

Description

This three-bedroom mid-terrace home offers a generous layout and is situated on a tranquil residential street in Erith. While the property requires modernisation, it serves as an excellent platform for renovation, making it particularly appealing to both investors and first-time buyers aiming to enhance value through upgrades and adaptations for potential rental opportunities. The location benefits from its proximity to local amenities, schools, and transport links, notably Erith station which provides straightforward access to London. Given its desirable setting surrounded by green spaces and a strong community feel, this home stands as a promising investment within a well-established neighbourhood.

Investment Analysis

(DA8 area)

Below Market Value

This property is priced -41.6% below area average per sq ft

-41.6%
Potential saving
This Property
£238/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£404
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£490,090
10% above area average per sq ft
Potential ROI
+66.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Riverdale Road, Erith
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