According to the public record, 31, Merlin Road North, Welling is a early-century freehold house with 581 ft2 of internal area and sits on a 245 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Merlin Road North, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
31, Merlin Road North, Welling has a single entry in the Land Registry database from August 2018 and a single entry in the EPC database dated June 2018.
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 31 Merlin Road North Welling as £349,732 and the rental value as £1,579 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 31 Merlin Road North Welling has increased by £6,909 (2.0%) and its rental value has increased by £118 per month (7.5%).
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 31, Merlin Road North, Welling is in very good condition we estimate a sale value of £367,219 and rental value of £1,658 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £325,251 and a rental value of £1,468 per month.
If you were able to purchase this property for the estimated value of £349,732, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,719 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, 31, Merlin Road North, Welling sits on a plot of 245m2.
We have plot size data on 5 out of 12 other houses in the postcode and 31, Merlin Road North, Welling sits on the 2nd largest plot.
According to HM Land Registry, 31, Merlin Road North, Welling was last sold on 22 Aug 2018 for £312,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2018, the market for similar properties has risen 21.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Merlin Road North, Welling within a radius of 490 metres over the last 2 years.
The most recent example is 31, Hook Lane, Welling, DA16 2DW, a Freehold house which sold for £410,000 in Nov 2022.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merlin Road North, Welling, DA16 has a total of 40 addresses. According to our analysis of all the public data, 31, Merlin Road North, Welling is the 40th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £99k less expensive than the average property in DA16.
31, Merlin Road North, Welling has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 21 Jun 2018.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 31, Merlin Road North, Welling is Welling station which is 700 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 31, Merlin Road North, Welling, 48.8% of property is privately owned with a mortgage and 40.0% 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 31, Merlin Road North, Welling, 18.2% of residents are recorded as possessing school level qualifications and 32.4% 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 31, Merlin Road North, Welling, the average age was 40.1 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 31, Merlin Road North, Welling, 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 31, Merlin Road North, 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.