According to the public record, 56A, Park View Road, Welling is a period leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 56, Park View Road, Welling, DA16.
Park View Road, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
56A, Park View Road, Welling has 81 entries in the Land Registry database, most recently in December 2017 and a single entry in the EPC database dated September 2013.
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 56A Park View Road Welling as £287,924 and the rental value as £1,443 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 56A Park View Road Welling has increased by £3,244 (1.1%) and its rental value has increased by £91 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 56A, Park View Road, Welling is in very good condition we estimate a sale value of £302,320 and rental value of £1,516 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £267,769 and a rental value of £1,342 per month.
If you were able to purchase this property for the estimated value of £287,924, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,415 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, 56A, Park View Road, Welling was last sold on 14 Dec 2017 for £267,500 and was recorded as a leasehold flat.
The property has had 8 sales since 1995.
Since Dec 2017, the market for similar properties has risen 6.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56A, Park View Road, Welling within a radius of 560 metres over the last 2 years.
The most recent example is 114A, Park View Road, Welling, DA16 1SJ, a Leasehold flat which sold for £300,000 in Jun 2021.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park View Road, Welling, DA16 has a total of 144 addresses. According to our analysis of all the public data, 56A, Park View Road, Welling is the 45th largest and the 38th most expensive property on the street.
When compared to the postcode district it is £161k less expensive than the average property in DA16.
56A, Park View Road, Welling has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Sep 2013.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 56A, Park View Road, Welling is Bexleyheath 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 56A, Park View Road, Welling, 37.5% of property is privately owned with a mortgage and 35.3% 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 56A, Park View Road, Welling, 19.1% of residents are recorded as possessing school level qualifications and 32.0% 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 56A, Park View Road, Welling, the average age was 41.1 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 56A, Park View Road, Welling, 1.4% 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 56A, Park View Road, Welling, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.