According to the public record, 2, Wallace Close, London is a mid-century house with 645 ft2 of internal area and sits on a 136 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.
2, Wallace Close, London has no recent1 records in the Land Registry database and a single entry in the EPC database dated February 2024.
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 2 Wallace Close London as £306,804 and the rental value as £1,676 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 2 Wallace Close London has increased by £10,662 (3.5%) and its rental value has increased by £134 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 2, Wallace Close, London is in very good condition we estimate a sale value of £322,144 and rental value of £1,759 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £285,328 and a rental value of £1,558 per month.
If you were able to purchase this property for the estimated value of £306,804, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,508 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, Wallace Close, London sits on a plot of 136m2.
We have plot size data on 14 out of 16 other houses in the postcode and 2, Wallace Close, London sits on the 6th largest plot.
According to HM Land Registry, 2, Wallace Close, London was last sold on 15 Oct 2004 for £155,000 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 2, Wallace Close, London within a radius of 590 metres over the last 2 years.
The most recent example is 31, Courtland Grove, London, SE28 8PA, a Freehold house which sold for £300,000 in Jan 2023.
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, 2, Wallace Close, London is the 7th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £223 more expensive than the average property in SE28.
2, Wallace Close, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Feb 2024.
The property is connected to mains gas and has single glazed windows. It is heated using warm air.
The closest station to 2, 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 2, 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 2, 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 2, 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 2, 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 2, 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.