According to the public record, 2, Rackham Close, Welling is a modern freehold house with 656 ft2 of internal area and sits on a 324 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Rackham Close, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
2, Rackham Close, Welling has 31 entries in the Land Registry database, most recently in June 2019 and a single entry in the EPC database dated March 2019.
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 2 Rackham Close Welling as £409,576 and the rental value as £1,749 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 2 Rackham Close Welling has increased by £3,084 (0.8%) and its rental value has increased by £108 per month (6.2%).
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 2, Rackham Close, Welling is in very good condition we estimate a sale value of £430,054 and rental value of £1,837 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £380,905 and a rental value of £1,627 per month.
If you were able to purchase this property for the estimated value of £409,576, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,013 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, 2, Rackham Close, Welling sits on a plot of 324m2.
We have plot size data on 4 out of 10 other houses in the postcode and 2, Rackham Close, Welling sits on the 2nd largest plot.
According to HM Land Registry, 2, Rackham Close, Welling was last sold on 14 Jun 2019 for £338,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2019, the market for similar properties has risen 20.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Rackham Close, Welling within a radius of 460 metres over the last 2 years.
The most recent example is 10, Midwinter Close, Welling, DA16 2LB, a Freehold house which sold for £396,000 in Jan 2024.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rackham Close, Welling, DA16 has a total of 10 addresses. According to our analysis of all the public data, 2, Rackham Close, Welling is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £39k less expensive than the average property in DA16.
2, Rackham Close, Welling has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Mar 2019.
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 2, Rackham Close, 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 2, Rackham Close, Welling, 46.6% of property is privately owned with a mortgage and 33.8% 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 2, Rackham Close, Welling, 20.5% of residents are recorded as possessing school level qualifications and 34.9% 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 2, Rackham Close, Welling, the average age was 40 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 2, Rackham Close, Welling, 1.3% 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 2, Rackham Close, Welling, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.