According to the public record, 5 Magenta House, Welling is a modern leasehold apartment with 861 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Magenta House, Central Avenue, Welling, DA16.
Central Avenue, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
5 Magenta House, Welling has a single entry in the Land Registry database from February 2014 and a single entry in the EPC database dated August 2023.
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 5 Magenta House Welling as £262,585 and the rental value as £1,396 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 5 Magenta House Welling has increased by £2,983 (1.1%) and its rental value has increased by £92 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 5 Magenta House, Welling is in very good condition we estimate a sale value of £275,715 and rental value of £1,465 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £244,204 and a rental value of £1,298 per month.
If you were able to purchase this property for the estimated value of £262,585, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,291 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, 5 Magenta House, Welling was last sold on 19 Feb 2014 for £167,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2014, the market for similar properties has risen 55.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5 Magenta House, Welling within a radius of 490 metres over the last 2 years.
The most recent example is 38, William Foster Lane, Welling, DA16 3AT, a Leasehold flat which sold for £307,000 in Jan 2022.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Central Avenue, Welling, DA16 has a total of 138 addresses. According to our analysis of all the public data, 5 Magenta House, Welling is the 65th largest and the 107th most expensive property on the street.
When compared to the postcode district it is £186k less expensive than the average property in DA16.
5 Magenta House, Welling has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Aug 2023.
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 5 Magenta House, Welling is Welling station which is 200 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 5 Magenta House, Welling, 34.9% of property is privately owned with a mortgage and 32.9% 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 5 Magenta House, Welling, 20.0% of residents are recorded as possessing school level qualifications and 33.3% 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 5 Magenta House, 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 5 Magenta House, Welling, 0.7% 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 5 Magenta House, Welling, 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.