According to the public record, 12, Welling Way, Welling is a early-century leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 12, Welling Way, Welling, DA16.
Welling Way, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
12, Welling Way, Welling has a single entry in the Land Registry database from November 2017 and a single entry in the EPC database dated May 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 12 Welling Way Welling as £287,067 and the rental value as £1,475 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 12 Welling Way Welling has increased by £3,358 (1.2%) and its rental value has increased by £96 per month (6.5%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 12, Welling Way, Welling is in very good condition we estimate a sale value of £301,420 and rental value of £1,549 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £266,972 and a rental value of £1,372 per month.
If you were able to purchase this property for the estimated value of £287,067, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,411 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 12, Welling Way, Welling was last sold on 30 Nov 2017 for £290,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2017, the market for similar properties has risen 9.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Welling Way, Welling within a radius of 520 metres over the last 2 years.
The most recent example is 1, Bellegrove Close, Welling, DA16 3RG, a Leasehold flat which sold for £327,000 in Sep 2023.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Welling Way, Welling, DA16 has a total of 209 addresses. According to our analysis of all the public data, 12, Welling Way, Welling is the 199th largest and the 194th most expensive property on the street.
When compared to the postcode district it is £162k less expensive than the average property in DA16.
12, Welling Way, Welling has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 31 May 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 12, Welling Way, Welling is Welling station which is 600 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 12, Welling Way, Welling, 39.6% of property is privately rented and 23.1% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 12, Welling Way, Welling, 17.9% of residents are recorded as possessing school level qualifications and 26.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 12, Welling Way, Welling, the average age was 40.9 and the most common age was 37.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 12, Welling Way, Welling, 1.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 12, Welling Way, Welling, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.