According to the public record, 31, Weir Road, Bexley is a modern leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Weir Road, Bexley, DA5 is located in the borough of Bexley within the DA5 postal district.
31, Weir Road, Bexley has 2 entries in the Land Registry database, most recently in February 2020 and a single entry in the EPC database dated June 2013.
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 Weir Road Bexley as £341,319 and the rental value as £1,631 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 31 Weir Road Bexley has increased by £2,787 (0.8%) and its rental value has increased by £100 per month (6.2%).
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, Weir Road, Bexley is in very good condition we estimate a sale value of £358,385 and rental value of £1,713 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £317,426 and a rental value of £1,517 per month.
If you were able to purchase this property for the estimated value of £341,319, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,677 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, 31, Weir Road, Bexley was last sold on 17 Feb 2020 for £357,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2020, the market for similar properties has risen 7.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Weir Road, Bexley within a radius of 840 metres over the last 2 years.
The most recent example is 20, Weir Road, Bexley, DA5 1BJ, a Leasehold flat which sold for £350,000 in Nov 2023.
Read more about house prices in DA5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Weir Road, Bexley, DA5 has a total of 69 addresses. According to our analysis of all the public data, 31, Weir Road, Bexley is the 50th largest and the 50th most expensive property on the street.
When compared to the postcode district it is £207k less expensive than the average property in DA5.
31, Weir Road, Bexley has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Jun 2013.
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 31, Weir Road, Bexley is Bexley station which is 300 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, Weir Road, Bexley, 39.1% of property is privately owned with a mortgage and 25.6% is privately rented.
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, Weir Road, Bexley, 17.0% of residents are recorded as possessing school level qualifications and 42.4% 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, Weir Road, Bexley, the average age was 42.7 and the most common age was 52.
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, Weir Road, Bexley, 0.8% 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, Weir Road, Bexley, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.