According to the public record, 20D, Upper Wickham Lane, Welling is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 353 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
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.
20D, Upper Wickham Lane, Welling has a single entry in the Land Registry database from October 2016 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 20D Upper Wickham Lane Welling as £144,772 and the rental value as £890 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 20D Upper Wickham Lane Welling has increased by £1,612 (1.1%) and its rental value has increased by £59 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 20D, Upper Wickham Lane, Welling is in very good condition we estimate a sale value of £152,010 and rental value of £935 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £134,638 and a rental value of £828 per month.
If you were able to purchase this property for the estimated value of £144,772, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £712 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, 20D, Upper Wickham Lane, Welling was last sold on 14 Oct 2016 for £92,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2016, the market for similar properties has risen 9.5%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 20D, Upper Wickham Lane, Welling within a radius of 470 metres over the last 2 years.
The most recent example is 48, Woodville Grove, Welling, DA16 3QA, a Leasehold flat which sold for £120,000 in Oct 2015.
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, 20D, Upper Wickham Lane, Welling is the 353rd largest and the 356th most expensive property on the street.
When compared to the postcode district it is £304k less expensive than the average property in DA16.
The closest station to 20D, 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 20D, 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 20D, 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 20D, 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 20D, 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 20D, 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.