According to the public record, 111A, Upper Wickham Lane, Welling is a period apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Upper Wickham Lane, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
111A, Upper Wickham Lane, Welling has no records in the Land Registry database and a single entry in the EPC database dated April 2021.
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 111A Upper Wickham Lane Welling as £237,253 and the rental value as £1,313 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 111A Upper Wickham Lane Welling has increased by £2,806 (1.2%) and its rental value has increased by £86 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 111A, Upper Wickham Lane, Welling is in very good condition we estimate a sale value of £249,116 and rental value of £1,378 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £220,645 and a rental value of £1,221 per month.
If you were able to purchase this property for the estimated value of £237,253, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,166 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 111A, Upper Wickham Lane, Welling within a radius of 490 metres over the last 2 years.
The most recent example is 35, East Road, Welling, DA16 3DT, a Leasehold flat which sold for £240,000 in Aug 2021.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Upper Wickham Lane, Welling, DA16 has a total of 360 addresses. According to our analysis of all the public data, 111A, Upper Wickham Lane, Welling is the 170th largest and the 235th most expensive property on the street.
When compared to the postcode district it is £212k less expensive than the average property in DA16.
111A, Upper Wickham Lane, Welling has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 Apr 2021.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 111A, Upper Wickham Lane, Welling is Welling station which is 700 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 111A, Upper Wickham Lane, Welling, 35.5% of property is privately owned with a mortgage and 29.0% 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 111A, Upper Wickham Lane, Welling, 21.6% of residents are recorded as possessing school level qualifications and 40.4% 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 111A, Upper Wickham Lane, 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 111A, Upper Wickham Lane, Welling, 1.2% 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 111A, Upper Wickham Lane, Welling, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.