According to the public record, 7, Lynmere Road, Welling is a early-century freehold house with 882 ft2 of internal area and sits on a 297 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lynmere Road, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
7, Lynmere Road, Welling has 2 entries in the Land Registry database, most recently in July 2018 and a single entry in the EPC database dated March 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 7 Lynmere Road Welling as £432,753 and the rental value as £1,943 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 7 Lynmere Road Welling has increased by £3,259 (0.8%) and its rental value has increased by £120 per month (6.2%).
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 7, Lynmere Road, Welling is in very good condition we estimate a sale value of £454,390 and rental value of £2,040 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £402,460 and a rental value of £1,807 per month.
If you were able to purchase this property for the estimated value of £432,753, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,127 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, 7, Lynmere Road, Welling sits on a plot of 297m2.
We have plot size data on 21 out of 43 other houses in the postcode and 7, Lynmere Road, Welling sits on the 6th largest plot.
According to HM Land Registry, 7, Lynmere Road, Welling was last sold on 20 Jul 2018 for £370,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jul 2018, the market for similar properties has risen 20.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Lynmere Road, Welling within a radius of 490 metres over the last 2 years.
The most recent example is 17, Northdown Road, Welling, DA16 1NX, a Freehold house which sold for £475,000 in Jun 2022.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lynmere Road, Welling, DA16 has a total of 84 addresses. According to our analysis of all the public data, 7, Lynmere Road, Welling is the 74th largest and the 76th most expensive property on the street.
When compared to the postcode district it is £16k less expensive than the average property in DA16.
7, Lynmere Road, Welling has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Mar 2017.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 7, Lynmere Road, Welling is Welling station which is 800 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 7, Lynmere Road, Welling, 44.4% of property is privately owned outright and 41.9% 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 7, Lynmere Road, Welling, 17.0% of residents are recorded as possessing school level qualifications and 25.1% 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 7, Lynmere 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 7, Lynmere Road, Welling, 1.1% 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 7, Lynmere Road, Welling, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.