House Prices in Erith, Greater London

# Erith Property Market Summary

Erith, located in the London Borough of Bexley, presents an intriguing property market with nearly 10,000 properties and a current average price of £205,953, positioning it as a relatively affordable option within Greater London. The area has experienced notable volatility in recent years, with average prices fluctuating considerably – from £254,800 in 2017 to peaks of over £600,000 in 2018 and 2022, before moderating to £347,278 in 2024. This volatility likely reflects a mix of property types and new developments entering the market, particularly riverside regeneration projects that have transformed parts of the area.

The market has shown sustained activity with consistent sales volumes, peaking at 600 transactions in 2017 and 596 in 2022, though volumes have declined more recently to 373 sales in 2024. Erith's appeal stems from its Thames-side location, ongoing regeneration, and excellent transport links including the Elizabeth line connection via Abbey Wood, making it attractive to commuters seeking value compared to central London. The area offers a blend of new-build apartments and traditional housing stock, with regeneration initiatives continuing to reshape its character and market dynamics.