According to the public record, 16, Wallace Close, London is a modern freehold house with 624 ft2 of internal area and sits on a 176 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Wallace Close, London, SE28 is located in the borough of Bexley within the SE28 postal district.
16, Wallace Close, London has 21 entries in the Land Registry database, most recently in July 2006 and a single entry in the EPC database dated June 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 16 Wallace Close London as £302,537 and the rental value as £1,652 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 16 Wallace Close London has increased by £10,513 (3.5%) and its rental value has increased by £133 per month (8.0%).
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, Wallace Close, London is in very good condition we estimate a sale value of £317,664 and rental value of £1,735 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £281,359 and a rental value of £1,537 per month.
If you were able to purchase this property for the estimated value of £302,537, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,487 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 data from HM Land Registry, 16, Wallace Close, London sits on a plot of 176m2.
We have plot size data on 14 out of 16 other houses in the postcode and 16, Wallace Close, London sits on the 3rd largest plot.
According to HM Land Registry, 16, Wallace Close, London was last sold on 24 Jul 2006 for £154,000 and was recorded as a freehold house.
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, Wallace Close, London within a radius of 620 metres over the last 2 years.
The most recent example is 42, Haldane Road, London, SE28 8NQ, a Freehold house which sold for £357,809 in Sep 2022.
Read more about house prices in SE28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wallace Close, London, SE28 has a total of 23 addresses. According to our analysis of all the public data, 16, Wallace Close, London is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £4k less expensive than the average property in SE28.
16, Wallace Close, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Jun 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 16, Wallace Close, London is Barking Riverside station which is 1.5 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, Wallace Close, London, 38.9% of property is privately rented and 25.7% is privately owned with a mortgage.
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, Wallace Close, London, 25.7% of residents are recorded as possessing school level qualifications and 42.1% 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, Wallace Close, London, the average age was 34.2 and the most common age was 12.
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, Wallace Close, London, 0.0% 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 16, Wallace Close, London, 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.