According to the public record, 2, Somerhill Road, Welling is a early-century freehold house with 914 ft2 of internal area and sits on a 353 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Somerhill Road, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
2, Somerhill Road, Welling has a single entry in the Land Registry database from September 2021 and a single entry in the EPC database dated April 2021.
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 Somerhill Road Welling as £463,306 and the rental value as £2,009 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 2 Somerhill Road Welling has increased by £3,489 (0.8%) and its rental value has increased by £124 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, Somerhill Road, Welling is in very good condition we estimate a sale value of £486,471 and rental value of £2,109 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £430,874 and a rental value of £1,868 per month.
If you were able to purchase this property for the estimated value of £463,306, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,277 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, Somerhill Road, Welling sits on a plot of 353m2.
We have plot size data on 18 out of 41 other houses in the postcode and 2, Somerhill Road, Welling sits on the 5th largest plot.
According to HM Land Registry, 2, Somerhill Road, Welling was last sold on 23 Sep 2021 for £450,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2021, the market for similar properties has risen 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Somerhill Road, Welling within a radius of 490 metres over the last 2 years.
The most recent example is 54, Somerhill Road, Welling, DA16 1PE, a Freehold house which sold for £465,000 in Jul 2023.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerhill Road, Welling, DA16 has a total of 79 addresses. According to our analysis of all the public data, 2, Somerhill Road, Welling is the 62nd largest and the 75th most expensive property on the street.
When compared to the postcode district it is £14k more expensive than the average property in DA16.
2, Somerhill Road, Welling has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Apr 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 2, Somerhill Road, Welling is Welling station which is 800 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, Somerhill Road, Welling, 44.4% of property is privately owned outright and 41.9% 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 2, Somerhill Road, Welling, 17.0% of residents are recorded as possessing school level qualifications and 25.1% 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 2, Somerhill Road, 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, Somerhill Road, Welling, 1.1% 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, Somerhill Road, Welling, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.