Property trends for DA7

    DA7 covers Erith and surrounding areas in south-east London, sitting on the Thames estuary east of central London. It is a mixed residential district with good transport links and a blend of suburban and riverside character.

    At a Glance

    Average Property Price - DA7

    £478,402

    78

    National percentile

    Average Monthly Rent - DA

    £1,502

    82

    National percentile

    Average Net Household Income - DA7

    £51,061

    90

    National percentile

    Flat / Maisonette Yield - DA

    6.2%

    82

    National percentile

    10-Year Annualised Price Growth - DA7

    4.3%

    75

    National percentile

    10-Year Annualised Rent Growth - DA

    4.8%

    88

    National percentile

    Property Price & Volume Trends

    The latest average property price in DA7 is £478,000, placing it among the most expensive areas nationally. Over the past decade, prices have grown at 4.3% annually—a solid pace that sits comfortably above the national average. Transaction activity has slowed in the latest year, with 371 sales against a 10-year average of 456, suggesting a moderately softer market.

    Rent & Yield Trends

    Average monthly rent in the broader DA postcode is £1,502, among the highest nationally. Rental growth has been particularly strong at 4.8% per year over the past decade, well above the national trend. The flat yield currently stands at 6.2%, a marked improvement on the 10-year average of 5.0%, reflecting the sustained rental growth in the area.

    Income & Affordability Trends

    Average household income here is £51,061, placing DA7 well above the national average in earnings terms. The price-to-income ratio of 9.0x has tightened slightly from 8.8x in 2016, indicating that property affordability has worsened relative to local incomes. Rental affordability has also deteriorated: the rent-to-income ratio has risen from 29.9% to 31%, meaning rental costs now consume a greater share of household income.

    Resident Demographic Profile

    The age profile is broadly balanced with a notably higher share of 35–49 year-olds (20.5% vs 18.7% nationally) and slightly fewer young adults aged 16–24 (8.9% vs 11.0%). Housing tenure is strongly weighted towards owner-occupation: 39.5% own outright and 37.3% own with a mortgage, compared to national averages of 33.7% and 27.0% respectively, while private renting is well below average at 14.7%. The employment mix shows above-average representation in technical roles (14.2% vs 13.2% nationally) and administrative positions (14.2% vs 9.0%), with notably fewer people in elementary occupations (7.1% vs 10.2%).

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