According to the public record, 38, East Road, Welling is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 635 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
East Road, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
38, East Road, Welling has 2 entries in the Land Registry database, most recently in May 2019 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 38 East Road Welling as £274,599 and the rental value as £1,468 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 38 East Road Welling has increased by £3,004 (1.1%) and its rental value has increased by £97 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 38, East Road, Welling is in very good condition we estimate a sale value of £288,329 and rental value of £1,542 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £255,377 and a rental value of £1,366 per month.
If you were able to purchase this property for the estimated value of £274,599, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,350 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, 38, East Road, Welling was last sold on 15 May 2019 for £225,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2019, the market for similar properties has risen 11.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, East Road, Welling within a radius of 480 metres over the last 2 years.
The most recent example is 39, East Road, Welling, DA16 3DT, a Leasehold flat which sold for £245,000 in Aug 2023.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
East Road, Welling, DA16 has a total of 44 addresses. According to our analysis of all the public data, 38, East Road, Welling is the 30th largest and the 40th most expensive property on the street.
When compared to the postcode district it is £174k less expensive than the average property in DA16.
The closest station to 38, East Road, Welling is Welling 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 38, East Road, Welling, 36.2% of property is privately rented and 27.5% 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 38, East Road, Welling, 22.2% of residents are recorded as possessing school level qualifications and 36.5% 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 38, East Road, Welling, the average age was 40 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 38, East Road, Welling, 1.7% 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 38, East Road, Welling, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.