According to the public record, 12A, Falconwood Parade, Welling is a mid-century leasehold apartment with 882 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Falconwood Parade, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
12A, Falconwood Parade, Welling has 3 entries in the Land Registry database, most recently in March 2016 and a single entry in the EPC database dated November 2015.
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 12A Falconwood Parade Welling as £227,651 and the rental value as £1,196 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 12A Falconwood Parade Welling has increased by £2,846 (1.3%) and its rental value has increased by £75 per month (6.3%).
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 12A, Falconwood Parade, Welling is in very good condition we estimate a sale value of £239,033 and rental value of £1,256 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £211,715 and a rental value of £1,112 per month.
If you were able to purchase this property for the estimated value of £227,651, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,119 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, 12A, Falconwood Parade, Welling was last sold on 04 Mar 2016 for £220,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2016, the market for similar properties has risen 13.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12A, Falconwood Parade, Welling within a radius of 490 metres over the last 2 years.
The most recent example is 11A, Falconwood Parade, Welling, DA16 2PL, a Leasehold flat which sold for £200,000 in Sep 2021.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Falconwood Parade, Welling, DA16 has a total of 40 addresses. According to our analysis of all the public data, 12A, Falconwood Parade, Welling is the 16th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £221k less expensive than the average property in DA16.
12A, Falconwood Parade, Welling has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 04 Nov 2015.
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 12A, Falconwood Parade, Welling is Welling station which is 1.0 kilometres 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 12A, Falconwood Parade, Welling, 38.7% of property is privately owned with a mortgage and 30.7% 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 12A, Falconwood Parade, Welling, 19.4% of residents are recorded as possessing school level qualifications and 29.1% 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 12A, Falconwood Parade, Welling, the average age was 39.9 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 12A, Falconwood Parade, Welling, 0.9% 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 12A, Falconwood Parade, 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.