According to the public record, 55A , Wellmeadow Road, London is a period leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 55, Wellmeadow Road, London, SE13.
Wellmeadow Road, London, SE13 is located in the borough of Lewisham within the SE13 postal district.
55A , Wellmeadow Road, London has 61 entries in the Land Registry database, most recently in May 2023 and a single entry in the EPC database dated March 2014.
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 55A Wellmeadow Road London as £318,731 and the rental value as £1,560 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 55A Wellmeadow Road London has increased by £11,776 (3.7%) and its rental value has increased by £124 per month (7.9%).
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 55A , Wellmeadow Road, London is in very good condition we estimate a sale value of £334,667 and rental value of £1,638 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £296,420 and a rental value of £1,451 per month.
If you were able to purchase this property for the estimated value of £318,731, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,566 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, 55A , Wellmeadow Road, London was last sold on 05 May 2023 for £307,500 and was recorded as a leasehold flat.
The property has had 6 sales since 1995.
Since May 2023, the market for similar properties has risen 3.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55A , Wellmeadow Road, London within a radius of 400 metres over the last 2 years.
The most recent example is Flat B, 71, Wellmeadow Road, London, SE13 6TA, a Leasehold flat which sold for £315,000 in Sep 2023.
Read more about house prices in SE13.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wellmeadow Road, London, SE13 has a total of 110 addresses. According to our analysis of all the public data, 55A , Wellmeadow Road, London is the 90th largest and the 91st most expensive property on the street.
When compared to the postcode district it is £163k less expensive than the average property in SE13.
55A , Wellmeadow Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Mar 2014.
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 55A , Wellmeadow Road, London is Hither Green 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 55A , Wellmeadow Road, London, 31.8% of property is privately owned with a mortgage and 31.2% 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 55A , Wellmeadow Road, London, 19.2% of residents are recorded as possessing school level qualifications and 51.5% 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 55A , Wellmeadow Road, London, the average age was 35.7 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 55A , Wellmeadow Road, London, 0.8% 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 55A , Wellmeadow Road, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.