According to the public record, 9, Merlin Road North, Welling is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 712 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Merlin Road North, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
9, Merlin Road North, Welling has a single entry in the Land Registry database from January 2011 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 9 Merlin Road North Welling as £378,009 and the rental value as £1,797 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 9 Merlin Road North Welling has increased by £2,242 (0.6%) and its rental value has increased by £108 per month (6.0%).
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 9, Merlin Road North, Welling is in very good condition we estimate a sale value of £396,910 and rental value of £1,887 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £351,549 and a rental value of £1,671 per month.
If you were able to purchase this property for the estimated value of £378,009, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,858 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, 9, Merlin Road North, Welling was last sold on 31 Jan 2011 for £180,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2011, the market for similar properties has risen 103.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9, Merlin Road North, Welling within a radius of 490 metres over the last 2 years.
The most recent example is 99, Hook Lane, Welling, DA16 2DW, a Freehold house which sold for £410,000 in Oct 2022.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merlin Road North, Welling, DA16 has a total of 40 addresses. According to our analysis of all the public data, 9, Merlin Road North, Welling is the 32nd largest and the 35th most expensive property on the street.
When compared to the postcode district it is £71k less expensive than the average property in DA16.
The closest station to 9, Merlin Road North, 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 9, Merlin Road North, Welling, 48.8% of property is privately owned with a mortgage and 40.0% is privately owned outright.
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 9, Merlin Road North, Welling, 18.2% of residents are recorded as possessing school level qualifications and 32.4% 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 9, Merlin Road North, 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 9, Merlin Road North, Welling, 1.3% 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 9, Merlin Road North, 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.