According to the public record, 4, Park Approach, Welling is a early-century freehold house with 1,474 ft2 of internal area and sits on a 424 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Park Approach, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
4, Park Approach, Welling has 21 entries in the Land Registry database, most recently in April 2018 and a single entry in the EPC database dated December 2017.
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 4 Park Approach Welling as £612,169 and the rental value as £2,484 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 4 Park Approach Welling has decreased by £3,394 (0.6%) and its rental value has increased by £119 per month (4.8%).
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 4, Park Approach, Welling is in very good condition we estimate a sale value of £642,778 and rental value of £2,608 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £569,317 and a rental value of £2,310 per month.
If you were able to purchase this property for the estimated value of £612,169, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,009 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, 4, Park Approach, Welling sits on a plot of 424m2.
We have plot size data on 7 out of 13 other houses in the postcode and 4, Park Approach, Welling sits on the largest plot.
According to HM Land Registry, 4, Park Approach, Welling was last sold on 12 Apr 2018 for £550,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2018, the market for similar properties has risen 18.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Park Approach, Welling within a radius of 590 metres over the last 2 years.
The most recent example is 22, Roseacre Road, Welling, DA16 2AD, a Freehold house which sold for £690,000 in Mar 2024.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Approach, Welling, DA16 has a total of 14 addresses. According to our analysis of all the public data, 4, Park Approach, Welling is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £163k more expensive than the average property in DA16.
4, Park Approach, Welling has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 04 Dec 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 4, Park Approach, 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 4, Park Approach, 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 4, Park Approach, 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 4, Park Approach, 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 4, Park Approach, 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 4, Park Approach, 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.