According to the public record, 3, Wellands Close, Bromley is a mid-century freehold house with 1,270 ft2 of internal area and sits on a 542 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Wellands Close, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
3, Wellands Close, Bromley has a single entry in the Land Registry database from March 2018 and a single entry in the EPC database dated October 2017.
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 3 Wellands Close Bromley as £823,736 and the rental value as £2,777 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 3 Wellands Close Bromley has decreased by £8,859 (1.1%) and its rental value has increased by £76 per month (2.7%).
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 3, Wellands Close, Bromley is in very good condition we estimate a sale value of £864,923 and rental value of £2,916 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £766,075 and a rental value of £2,582 per month.
If you were able to purchase this property for the estimated value of £823,736, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,048 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, 3, Wellands Close, Bromley sits on a plot of 542m2.
We have plot size data on 4 out of 10 other houses in the postcode and 3, Wellands Close, Bromley sits on the 3rd largest plot.
According to HM Land Registry, 3, Wellands Close, Bromley was last sold on 05 Mar 2018 for £775,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2018, the market for similar properties has risen 14.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Wellands Close, Bromley within a radius of 790 metres over the last 2 years.
The most recent example is 10, Brenchley Close, Chislehurst, BR7 5NQ, a Freehold house which sold for £1,175,000 in Jul 2022.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wellands Close, Bromley, BR1 has a total of 10 addresses. According to our analysis of all the public data, 3, Wellands Close, Bromley is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £297k more expensive than the average property in BR1.
3, Wellands Close, Bromley has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 23 Oct 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using warm air.
The closest station to 3, Wellands Close, Bromley is Chislehurst station which is 500 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 3, Wellands Close, Bromley, 35.8% of property is privately owned with a mortgage and 34.3% 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 3, Wellands Close, Bromley, 22.7% of residents are recorded as possessing school level qualifications and 53.8% 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 3, Wellands Close, Bromley, the average age was 42.8 and the most common age was 47.
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 3, Wellands Close, Bromley, 4.7% 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 3, Wellands Close, Bromley, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.