According to the public record, 16, St. Michaels Rise, Welling is a mid-century apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
St. Michaels Rise, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
16, St. Michaels Rise, Welling has no recent1 records in the Land Registry database and a single entry in the EPC database dated July 2021.
We combine this information with public data 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 16 St. Michaels Rise Welling as £222,629 and the rental value as £1,271 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 16 St. Michaels Rise Welling has increased by £2,942 (1.3%) and its rental value has increased by £82 per month (6.4%).
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 16, St. Michaels Rise, Welling is in very good condition we estimate a sale value of £233,760 and rental value of £1,335 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £207,045 and a rental value of £1,182 per month.
If you were able to purchase this property for the estimated value of £222,629, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,094 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, 16, St. Michaels Rise, Welling was last sold on 28 May 2004 for £125,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, St. Michaels Rise, Welling within a radius of 520 metres over the last 2 years.
The most recent example is 2, Chalkstone Close, Welling, DA16 3DJ, a Leasehold flat which sold for £245,000 in Apr 2022.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Michaels Rise, Welling, DA16 has a total of 20 addresses. According to our analysis of all the public data, 16, St. Michaels Rise, Welling is the 9th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £226k less expensive than the average property in DA16.
16, St. Michaels Rise, Welling has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Jul 2021.
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 16, St. Michaels Rise, Welling is Welling station which is 1.2 kilometres 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 16, St. Michaels Rise, Welling, 48.4% of property is privately owned with a mortgage and 34.4% 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 16, St. Michaels Rise, Welling, 16.9% of residents are recorded as possessing school level qualifications and 27.5% 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 16, St. Michaels Rise, Welling, the average age was 41.6 and the most common age was 57.
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 16, St. Michaels Rise, Welling, 0.5% 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 16, St. Michaels Rise, Welling, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.