8, BURNS CLOSE, ERITH, DA8 2DB - £242,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 BURNS CLOSE is a midsized flat of 65m², built sometime between 1950 and 1966, which could now be worth an estimated £259,160. It was last sold for £242,000 in July 2018, which was around 7% above the average July 2018 flat price in the Bexley local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was C.

8 BURNS CLOSE Sold Prices

Land registry data shows two sales for 8 BURNS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Bexley local authority area for the corresponding sale date. One of the two 8 BURNS CLOSE sales was for above the average price, whilst the other was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 19 JUL	£242,000	£226,489	7% above HPI
2017 30 NOV	£135,000	£223,507	40% below HPI

What might 8 BURNS CLOSE be worth now?

8 BURNS CLOSE might now be worth an estimated £259,160.

This is based on house price inflation of 7.1%, between July 2018 and April 2026, for flats, in the Bexley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.1% inflationary increase is applied to the most recent sale price for 8 BURNS CLOSE of £242,000 on 19th July 2018. For the value to have increased from £242,000 to £259,160 over the eight years and three months to April 2026, the following assumptions must hold true:

• The value of 8 BURNS CLOSE has moved in line with the HPI for flats in the Bexley local authority area.
• The July 2018 sale price of £242,000 represented a fair market value for the property.
• The size, condition, and specification of 8 BURNS CLOSE has not materially changed since July 2018.

How Large is 8 BURNS CLOSE?

8 BURNS CLOSE is 65m² according to the EPC inspection conducted in February 2018. This puts it in the largest 50% of flats in London, based on EPC data. 56% of flats are smaller than 8 BURNS CLOSE, and 43% of flats are larger. Note that EPC data is not available for all properties in London.

8 BURNS CLOSE: Plot

8 BURNS CLOSE sits on a plot of roughly 0.081 of an acre, or 329m².

Where is 8 BURNS CLOSE?

8 BURNS CLOSE is located in ERITH, in the DA8 postcode district.