According to the public record, 32, Penpool Lane, Welling is a modern leasehold apartment with 696 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Penpool Lane, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
32, Penpool Lane, Welling has 2 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated August 2011.
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 32 Penpool Lane Welling as £274,493 and the rental value as £1,392 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 32 Penpool Lane Welling has increased by £3,068 (1.1%) and its rental value has increased by £91 per month (6.6%).
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 32, Penpool Lane, Welling is in very good condition we estimate a sale value of £288,217 and rental value of £1,461 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £255,278 and a rental value of £1,294 per month.
If you were able to purchase this property for the estimated value of £274,493, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,349 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, 32, Penpool Lane, Welling was last sold on 25 Jun 2021 for £130,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2021, the market for similar properties has risen 4.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 32, Penpool Lane, Welling within a radius of 550 metres over the last 2 years.
The most recent example is 116C, Park View Road, Welling, DA16 1SJ, a Leasehold flat which sold for £270,000 in Oct 2020.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Penpool Lane, Welling, DA16 has a total of 22 addresses. According to our analysis of all the public data, 32, Penpool Lane, Welling is the 15th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £174k less expensive than the average property in DA16.
32, Penpool Lane, Welling has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Aug 2011.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 32, Penpool Lane, Welling is Welling station which is 900 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 32, Penpool Lane, Welling, 54.3% of property is privately owned outright and 38.8% 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 32, Penpool Lane, Welling, 19.9% of residents are recorded as possessing school level qualifications and 32.5% 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 32, Penpool Lane, 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 32, Penpool Lane, Welling, 0.0% 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 32, Penpool Lane, Welling, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.