According to the public record, 40A, Elms Lane, Wembley is a mid-century leasehold apartment with 599 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 40, Elms Lane, Wembley, HA0.
Elms Lane, Wembley, HA0 is located in the borough of Brent within the HA0 postal district.
40A, Elms Lane, Wembley has 2 entries in the Land Registry database, most recently in February 2019 and a single entry in the EPC database dated April 2009.
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 40A Elms Lane Wembley as £295,720 and the rental value as £1,615 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 40A Elms Lane Wembley has decreased by £7,366 (2.5%) and its rental value has increased by £14 per month (0.9%).
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 40A, Elms Lane, Wembley is in very good condition we estimate a sale value of £310,506 and rental value of £1,695 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £275,020 and a rental value of £1,502 per month.
If you were able to purchase this property for the estimated value of £295,720, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,453 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, 40A, Elms Lane, Wembley was last sold on 15 Feb 2019 for £310,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2019, the market for similar properties has dropped 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40A, Elms Lane, Wembley within a radius of 470 metres over the last 2 years.
The most recent example is Flat 12, Montague Fell 1016, Harrow Road, Wembley, HA0 2QY, a Leasehold flat which sold for £330,000 in Dec 2023.
Read more about house prices in HA0.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elms Lane, Wembley, HA0 has a total of 148 addresses. According to our analysis of all the public data, 40A, Elms Lane, Wembley is the 129th largest and the 128th most expensive property on the street.
When compared to the postcode district it is £163k less expensive than the average property in HA0.
40A, Elms Lane, Wembley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Apr 2009.
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 40A, Elms Lane, Wembley is Sudbury & Harrow Road 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 40A, Elms Lane, Wembley, 32.4% of property is privately rented and 27.6% is socially 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 40A, Elms Lane, Wembley, 26.5% of residents are recorded as possessing school level qualifications and 36.4% 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 40A, Elms Lane, Wembley, the average age was 36.4 and the most common age was 32.
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 40A, Elms Lane, Wembley, 0.5% 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 40A, Elms Lane, Wembley, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.