# House prices in DA8 3 (Erith)

## Defining 'DA8 3'

This analysis is limited to properties whose postcode starts with "DA8 3", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Erith.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Erith is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 4, Elmstead Road, Erith, sold for £275,000 on Feb-2024. Given the internal area of 88 square metres, the price per sqm is £3,125.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 163 sales in Erith (DA8 3) that took place in the last two years.

##### Distribution of £ per sqm for Erith
Distribution of £ per sqm house prices in Erith

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Erith (DA8 3). Of the 163 transactions, half were sold for between £3,880 and £5,210 per square metre. The median, or 'middle', price per square metre in 'DA8 3' is £4,520. Notably, only 25% of properties that sold recently were valued at more than £5,210 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Erith

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Erith. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Erith

## Comparison with neighbouring postcode sectors

The table below shows how 'DA8 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DA8 1 Erith £3,800 sqm £4,220 sqm £4,980 sqm
DA8 2 Slade Green £3,850 sqm £4,400 sqm £4,960 sqm
DA8 3 Erith £3,880 sqm £4,520 sqm £5,210 sqm

## Will Erith house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for DA8 3 (Erith) compared with both the wider area DA8 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Erith,Erith
House price trends for Erith

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent DA8 3 sales
Recent trends for Erith

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Erith to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Erith and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

## Street level data

Street Avg size Avg £sqm Recent sales
Bexley Road, Erith, DA8 3S 90 sqm £4,305 29
Avenue Road, Erith, DA8 3B 65 sqm £4,080 16
Hurst Road, Erith, DA8 3E 88 sqm £3,932 14
Wessex Drive, Erith, DA8 3A 73 sqm £4,230 13
Park Crescent, Erith, DA8 3D 105 sqm £4,069 13
Lesney Park Road, Erith, DA8 3D 112 sqm £2,937 13
Colyers Lane, Erith, DA8 3N 85 sqm £4,438 13
Drummond Close, Erith, DA8 3Q 53 sqm £5,180 12

## Raw data

Our analysis of Erith is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.