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South Road, Erith, DA8

South East

£375,000

Listed on 30/06/2026

Property details

Bedrooms
3
Type
Terraced
Area
1015 sqft

Description

This three-bedroom Victorian terraced home presents a promising opportunity for renovation and investment. Situated on a desirable street in Erith, this property boasts spacious living areas and ample scope for expansion, making it ideal for buyers looking to add value. The ground floor features a generous lounge and a separate dining room, along with a fitted kitchen that overlooks the rear garden. A family bathroom is conveniently located on this level. The upper floor accommodates three well-sized bedrooms, perfect for families or home office use. Notably, the loft has been fully boarded and includes a fitted ladder, enhancing storage options. The outdoor space comprises a good-sized rear garden with easy access, which is particularly advantageous for those needing convenient entry points for maintenance or hobbies. With potential to extend (subject to planning permissions), this property offers significant upside for investors or families looking to increase their living space. The area provides convenient access to local shops and amenities, as well as excellent transport links via Erith Station and nearby Abbey Wood Station. Commuters will appreciate the straightforward journey into Central London and access to the Elizabeth Line. Families will benefit from proximity to highly regarded schools and beautiful outdoor spaces like the Thames Path National Trail.

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Investment analysis

(DA8 area)

Below Market Value

This property is priced -7.6% below area average per sq ft

-7.6%
Potential saving
This Property
£369/sq ft
Area Average
£400/sq ft
Avg Rent (weekly)
£357
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£446,265
10% above area average per sq ft
Potential ROI
+5.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (DA8)

Area prices are stable by -0.6% over the last 12 months
3 year growth: -1.0%
5 year growth: +10.7%
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

South Road, Erith, DA8
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,417
Based on a loan of £281,250 over 30 years at 4.45% 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.

Stamp duty calculator

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