According to the public record, 38, Springfield Road, Welling is a period house with 1,076 ft2 of internal area and sits on a 139 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Springfield Road, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
38, Springfield Road, Welling has no records in the Land Registry database and a single entry in the EPC database dated March 2017.
We combine this information with public data 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 38 Springfield Road Welling as £422,061 and the rental value as £1,959 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 38 Springfield Road Welling has increased by £903 (0.2%) and its rental value has increased by £111 per month (5.7%).
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 38, Springfield Road, Welling is in very good condition we estimate a sale value of £443,164 and rental value of £2,057 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £392,517 and a rental value of £1,822 per month.
If you were able to purchase this property for the estimated value of £422,061, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,074 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, 38, Springfield Road, Welling sits on a plot of 139m2.
We have plot size data on 15 out of 26 other houses in the postcode and 38, Springfield Road, Welling sits on the 3rd largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Springfield Road, Welling within a radius of 460 metres over the last 2 years.
The most recent example is 13, Springfield Road, Welling, DA16 1QN, a Freehold house which sold for £510,000 in May 2023.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springfield Road, Welling, DA16 has a total of 59 addresses. According to our analysis of all the public data, 38, Springfield Road, Welling is the 17th largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £27k less expensive than the average property in DA16.
38, Springfield Road, Welling has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Mar 2017.
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 38, Springfield 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, Springfield Road, Welling, 47.6% of property is privately owned with a mortgage and 26.9% 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 38, Springfield Road, Welling, 24.1% of residents are recorded as possessing school level qualifications and 46.0% 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, Springfield Road, 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 38, Springfield Road, Welling, 0.2% 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, Springfield Road, Welling, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.