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Masefield Close, Erith

South East

£240,000
Listed on 24/02/2026

Property Details

Bedrooms
3
Type
Flat
Area
861 sqft

Description

Located in a serene cul-de-sac, this three-bedroom maisonette in Erith offers substantial renovation potential for those looking to create their ideal home or make a strategic investment. Spanning 861 square feet, the property features three spacious double bedrooms, making it suitable for families needing room to grow. The inviting reception area serves as a perfect gathering spot, enhanced by a well-sized bathroom and a separate WC. A notable highlight is the expansive private garden, providing an excellent opportunity for outdoor projects, gardening enthusiasts, or simply enjoying quality family time. While the property does require modernisation, this presents an appealing chance for buyers to put their own stamp on it and transform it into a stylish living space tailored to their preferences. Set in a peaceful location with convenient access to local amenities and transport links, this maisonette is an exciting prospect for anyone aiming to develop something special in a quiet neighbourhood.

Investment Analysis

(DA8 area)

Below Market Value

This property is priced -31.0% below area average per sq ft

-31.0%
Potential saving
This Property
£279/sq ft
Area Average
£404/sq ft
Avg Rent (weekly)
£383
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£382,865
10% above area average per sq ft
Potential ROI
+36.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (DA8)

Area prices are rising by +4.4% over the last 12 months
3 year growth: +1.3%
5 year growth: +6.3%
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

Masefield Close, Erith
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£866
Based on a loan of £180,000 over 30 years at 4.06% 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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