According to the public record, 20C, Upper Wickham Lane, Welling is a modern leasehold apartment with 204 ft2 of internal area.
Apartments of this size in this area are normally studios.
The apartment is in 20, Upper Wickham Lane, Welling, DA16.
Upper Wickham Lane, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
20C, Upper Wickham Lane, Welling has a single entry in the Land Registry database from January 2017 and a single entry in the EPC database dated July 2016.
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 20C Upper Wickham Lane Welling as £108,392 and the rental value as £664 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 20C Upper Wickham Lane Welling has increased by £1,207 (1.1%) and its rental value has increased by £44 per month (6.6%).
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 20C, Upper Wickham Lane, Welling is in very good condition we estimate a sale value of £113,811 and rental value of £697 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £100,804 and a rental value of £617 per month.
If you were able to purchase this property for the estimated value of £108,392, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £533 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, 20C, Upper Wickham Lane, Welling was last sold on 09 Jan 2017 for £91,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2017, the market for similar properties has risen 9.2%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 20C, Upper Wickham Lane, Welling within a radius of 470 metres over the last 2 years.
The most recent example is 20B, Upper Wickham Lane, Welling, DA16 3HE, a Leasehold flat which sold for £98,000 in Jan 2017.
Read more about house prices in DA16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Upper Wickham Lane, Welling, DA16 has a total of 360 addresses. According to our analysis of all the public data, 20C, Upper Wickham Lane, Welling is the 360th largest and the 360th most expensive property on the street.
When compared to the postcode district it is £341k less expensive than the average property in DA16.
20C, Upper Wickham Lane, Welling has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 05 Jul 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, radiators, electric.
The closest station to 20C, Upper Wickham Lane, Welling is Welling station which is 500 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 20C, Upper Wickham Lane, Welling, 44.9% of property is privately rented and 23.6% 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 20C, Upper Wickham Lane, Welling, 25.0% of residents are recorded as possessing school level qualifications and 37.1% 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 20C, Upper Wickham Lane, Welling, the average age was 40.1 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 20C, Upper Wickham Lane, Welling, 0.2% 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 20C, Upper Wickham Lane, Welling, 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.