According to the public record, 2A, Wellington Road, London is a mid-century leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2, Wellington Road, London, E11.
Wellington Road, London, E11 is located in the borough of Redbridge within the E11 postal district.
2A, Wellington Road, London has a single entry in the Land Registry database from October 2015 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 2A Wellington Road London as £354,269 and the rental value as £1,692 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 2A Wellington Road London has increased by £6,781 (1.9%) and its rental value has increased by £62 per month (3.7%).
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 2A, Wellington Road, London is in very good condition we estimate a sale value of £371,983 and rental value of £1,777 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £329,470 and a rental value of £1,574 per month.
If you were able to purchase this property for the estimated value of £354,269, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,741 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, 2A, Wellington Road, London was last sold on 23 Oct 2015 for £310,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2015, the market for similar properties has risen 13.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2A, Wellington Road, London within a radius of 410 metres over the last 2 years.
The most recent example is Flat 1, St. David's Court, Grosvenor Road, London, E11 2HH, a Leasehold flat which sold for £395,750 in Sep 2021.
Read more about house prices in E11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wellington Road, London, E11 has a total of 107 addresses. According to our analysis of all the public data, 2A, Wellington Road, London is the 97th largest and the 97th most expensive property on the street.
When compared to the postcode district it is £261k less expensive than the average property in E11.
2A, Wellington Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 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 2A, Wellington Road, London is Snaresbrook station which is 300 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 2A, Wellington Road, London, 36.4% of property is privately rented and 31.2% 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 2A, Wellington Road, London, 14.3% of residents are recorded as possessing school level qualifications and 58.6% 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 2A, Wellington Road, London, the average age was 41.5 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 2A, Wellington Road, London, 0.0% 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 2A, Wellington Road, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.