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Masefield Close, Erith DA8

South East

£240,000
Listed on 13/05/2026

Property Details

Bedrooms
3
Type
Maisonette
Area
861 sqft

Description

Situated within a peaceful cul-de-sac in Erith, this spacious maisonette offers an excellent blank canvas for renovation-minded buyers or investors. With a generous area of 861 square feet, the property features three sizable double bedrooms, providing ample room for family living or potential rental opportunities. The reception room is designed for comfort and entertainment, while the home includes a well-structured bathroom along with a separate WC to meet modern-day requirements. A significant highlight is the expansive private garden, perfect for those eager to cultivate their own outdoor retreat or play area for children. While this property requires some modernisation, it presents a wonderful opportunity to customize the interiors and enhance its value. Buyers can envision transforming this space into a contemporary home tailored to personal stylistic preferences. The convenient location ensures easy access to local amenities and transport links, making it suitable for families and savvy investors alike. This maisonette represents a promising investment not only due to its size but also because of its potential to evolve into an inviting residence that reflects your tastes. **Tenure Information:** Leasehold with 125 years remaining starting from September 1985.

Investment Analysis

(DA8 area)

Below Market Value

This property is priced -30.8% below area average per sq ft

-30.8%
Potential saving
This Property
£279/sq ft
Area Average
£403/sq ft
Avg Rent (weekly)
£381
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£381,539
10% above area average per sq ft
Potential ROI
+38.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DA8)

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

Location

Masefield Close, Erith DA8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£856
Based on a loan of £180,000 over 30 years at 3.97% 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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