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Riverdale Road, Erith

South East

£260,000
Listed on 04/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1092 sqft

Description

This three-bedroom mid-terrace residence, located on a tranquil street in Erith, offers a promising opportunity for both investors and aspiring homeowners eager to enhance their living environment. The property is in need of modernisation, providing a blank slate for those interested in undertaking renovations that could significantly increase its market value or appeal to the rental sector. With proximity to essential amenities, schools, and transport links, including direct rail services to London from Erith station, this area sees steady demand from renters and buyers alike. The combination of convenience and community spirit makes it an appealing choice for anyone considering property acquisition in a well-established neighbourhood.

Investment Analysis

(DA8 area)

Below Market Value

This property is priced -41.1% below area average per sq ft

-41.1%
Potential saving
This Property
£238/sq ft
Area Average
£404/sq ft
Avg Rent (weekly)
£388
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£485,345
10% above area average per sq ft
Potential ROI
+61.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (DA8)

Area prices are rising by +4.2% over the last 12 months
3 year growth: 2.2%
5 year growth: 6.7%
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.

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
£952
Based on a loan of £195,000 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