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Forest Road, Erith ***3D FLOORPLAN & VIDEO AVAILABLE ***

South East

£425,000

Listed on 10/07/2026

Property details

Bedrooms
3
Type
House
Area
969 sqft

Description

This three-bedroom end-of-terrace home, constructed in the 1950s, is positioned on a sought-after residential street and presents a prime opportunity for renovation and expansion. The property features a welcoming entrance hall that leads into a comfortable lounge and a spacious kitchen/dining area—both of which benefit from direct access to the rear garden, making it an ideal setup for modern family living and entertaining. The first floor includes three generously sized bedrooms and a well-appointed shower room; notably, even the smallest bedroom measures approximately 9'6" x 7', which allows for versatile use as a child’s room, home office, or guest space. A standout feature is the extensive rear garden, measuring around 75 x 40 feet, providing ample outdoor space for activities or potential landscaping projects. Additional land to the side offers convenient side access and further possibilities for extension (subject to planning permissions). With double glazing and gas central heating (untested), this property is ready for your personal touch. Situated within easy reach of local amenities, schools, and public transport links—including Slade Green railway station—this property is well-placed for commuters to Central London with journey times of approximately 40-45 minutes. Abbey Wood station is also nearby, providing direct access to the Elizabeth line. This freehold property falls within Council Tax Band C in the London Borough of Bexley and offers significant potential to enhance its value through thoughtful renovations. This home represents an excellent long-term investment opportunity for families looking to make their mark.

Investment analysis

(DA8 area)

Above Market Value

This property is priced +9.7% above area average per sq ft

+9.7%
This Property
£439/sq ft
Area Average
£400/sq ft
Avg Rent (weekly)
£357
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£426,040
10% above area average per sq ft
Potential ROI
-8.4%
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

Forest Road, Erith ***3D FLOORPLAN & VIDEO AVAILABLE ***
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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
£1,606
Based on a loan of £318,750 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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