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Colyers Lane, Erith, Kent DA8

South East

£500,000Guide Price

Listed on 06/07/2026

Property details

Bedrooms
3
Type
Detached
Area
1875 sqft

Description

This three-bedroom detached home situated on Colyers Lane presents a prime opportunity for those looking to invest in a full refurbishment project. While the property is currently in need of complete modernisation, it offers significant potential for value enhancement for buyers with the vision and financial backing to undertake extensive renovations. The accommodation consists of a spacious reception area, a functional kitchen, three good-sized bedrooms, and a family bathroom, all complemented by both front and rear gardens. As it stands, this residence is an ideal canvas for developers or homeowners eager to create their ideal living space within a desirable residential area. Interested parties should be prepared with sufficient funds not only for the purchase but also for the anticipated renovation work necessary to bring this property up to modern standards. Early viewings are recommended for serious buyers looking to seize this genuine investment opportunity.

Investment analysis

(DA8 area)

Below Market Value

This property is priced -33.3% below area average per sq ft

-33.3%
Potential saving
This Property
£267/sq ft
Area Average
£400/sq ft
Avg Rent (weekly)
£357
Avg Yield
5.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£824,381
10% above area average per sq ft
Potential ROI
+39.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Colyers Lane, Erith, Kent 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
£1,889
Based on a loan of £375,000 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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