According to the public record, Flat 4, Watling House 4, London is a mid-century leasehold apartment with 807 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Watling House, Woolwich Common, London, SE18.
Woolwich Common, London, SE18 is located in the borough of Greenwich within the SE18 postal district.
Flat 4, Watling House 4, London has a single entry in the Land Registry database from June 2021 and a single entry in the EPC database dated January 2020.
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 Flat 4 Watling House 4 London as £220,871 and the rental value as £1,170 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 4 Watling House 4 London has increased by £6,724 (3.0%) and its rental value has increased by £85 per month (7.2%).
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 Flat 4, Watling House 4, London is in very good condition we estimate a sale value of £231,914 and rental value of £1,228 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £205,410 and a rental value of £1,088 per month.
If you were able to purchase this property for the estimated value of £220,871, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,086 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, Flat 4, Watling House 4, London was last sold on 04 Jun 2021 for £210,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2021, the market for similar properties has risen 5.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, Watling House 4, London within a radius of 460 metres over the last 2 years.
The most recent example is Flat 5, Wordsworth House 6, Woolwich Common, London, SE18 4HS, a Leasehold flat which sold for £190,000 in Apr 2021.
Read more about house prices in SE18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Woolwich Common, London, SE18 has a total of 369 addresses. According to our analysis of all the public data, Flat 4, Watling House 4, London is the 79th largest and the 101st most expensive property on the street.
When compared to the postcode district it is £145k less expensive than the average property in SE18.
Flat 4, Watling House 4, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Jan 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 4, Watling House 4, London is Woolwich Arsenal station which is 1.2 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 Flat 4, Watling House 4, London, 76.0% of property is socially rented and 9.6% is privately owned with a mortgage.
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 Flat 4, Watling House 4, London, 21.8% of residents are recorded as possessing school level qualifications and 26.0% 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 Flat 4, Watling House 4, London, the average age was 33.7 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 Flat 4, Watling House 4, London, 0.0% 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 Flat 4, Watling House 4, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.