According to the public record, 24, Welland Mews, London is a modern leasehold apartment with 543 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Welland Mews, London, E1 is located in the borough of Tower Hamlets within the E1 postal district.
24, Welland Mews, London has a single entry in the Land Registry database from April 2011 and a single entry in the EPC database dated November 2010.
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 24 Welland Mews London as £427,360 and the rental value as £2,368 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 24 Welland Mews London has decreased by £8,133 (1.9%) and its rental value has increased by £77 per month (3.3%).
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 24, Welland Mews, London is in very good condition we estimate a sale value of £448,728 and rental value of £2,486 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £397,445 and a rental value of £2,202 per month.
If you were able to purchase this property for the estimated value of £427,360, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,100 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, 24, Welland Mews, London was last sold on 28 Apr 2011 for £322,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2011, the market for similar properties has risen 43.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Welland Mews, London within a radius of 290 metres over the last 2 years.
The most recent example is Flat 34, Tradewinds Court, Asher Way, London, E1W 2JB, a Leasehold flat which sold for £450,000 in Sep 2023.
Read more about house prices in E1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 290 metres radius of 24, Welland Mews, London over the last 2 years.
Most recently Apartment 406, Admiralty House 150, Vaughan Way, London, E1W 2AH, a Leasehold flat let by Saint Andrews Bureau in Aug 2023.
Welland Mews, London, E1 has a total of 32 addresses. According to our analysis of all the public data, 24, Welland Mews, London is the 30th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £94k less expensive than the average property in E1.
24, Welland Mews, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Nov 2010.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to 24, Welland Mews, London is Wapping 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 24, Welland Mews, London, 37.9% of property is privately rented and 32.3% 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 24, Welland Mews, London, 22.6% of residents are recorded as possessing school level qualifications and 60.2% 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 24, Welland Mews, London, the average age was 32.5 and the most common age was 27.
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 24, Welland Mews, London, 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 24, Welland Mews, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.