According to the public record, 2, Welchs Crescent, Cambridge is a modern leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Welchs Crescent, Stapleford, Cambridge, CB22 is located in the borough of South Cambridgeshire within the CB22 postal district.
2, Welchs Crescent, Cambridge has 2 entries in the Land Registry database, most recently in May 2019 and a single entry in the EPC database dated December 2016.
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 Welchs Crescent Cambridge as £301,941 and the rental value as £1,292 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 2 Welchs Crescent Cambridge has increased by £6,562 (2.2%) and its rental value has increased by £107 per month (8.3%).
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, Welchs Crescent, Cambridge is in very good condition we estimate a sale value of £317,038 and rental value of £1,356 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £280,805 and a rental value of £1,201 per month.
If you were able to purchase this property for the estimated value of £301,941, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,484 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, 2, Welchs Crescent, Cambridge was last sold on 08 May 2019 for £310,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2019, the market for similar properties has risen 7.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Welchs Crescent, Cambridge within a radius of 1.1 kilometres over the last 2 years.
The most recent example is Flat 4, 48-50 , London Road, Cambridge, CB22 5DH, a Leasehold flat which sold for £300,000 in Aug 2022.
Read more about house prices in CB22.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Welchs Crescent, Stapleford, Cambridge, CB22 has a total of 20 addresses. According to our analysis of all the public data, 2, Welchs Crescent, Cambridge is the 19th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £256k less expensive than the average property in CB22.
2, Welchs Crescent, Cambridge has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Dec 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 2, Welchs Crescent, Cambridge is Shelford (Cambs) 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, Welchs Crescent, Cambridge, 53.8% of property is privately owned outright and 33.0% 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, Welchs Crescent, Cambridge, 19.4% of residents are recorded as possessing school level qualifications and 59.1% 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, Welchs Crescent, Cambridge, the average age was 44.7 and the most common age was 47.
The graph below shows how this compares to East of England 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, Welchs Crescent, Cambridge, 1.0% of property was a second home.
Comparison figures for East of England 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, Welchs Crescent, Cambridge, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.