According to the public record, Flat B, 37, Wellmeadow Road, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 37, Wellmeadow Road, London, SE13.
Wellmeadow Road, London, SE13 is located in the borough of Lewisham within the SE13 postal district.
Flat B, 37, Wellmeadow Road, London has 2 entries in the Land Registry database, most recently in December 2022 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 Flat B 37 Wellmeadow Road London as £330,702 and the rental value as £1,683 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat B 37 Wellmeadow Road London has increased by £6,393 (1.9%) and its rental value has increased by £103 per month (6.1%).
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 B, 37, Wellmeadow Road, London is in very good condition we estimate a sale value of £347,237 and rental value of £1,767 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £307,552 and a rental value of £1,565 per month.
If you were able to purchase this property for the estimated value of £330,702, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,625 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 B, 37, Wellmeadow Road, London was last sold on 19 Dec 2022 for £330,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2022, the market for similar properties has risen 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat B, 37, Wellmeadow Road, London within a radius of 400 metres over the last 2 years.
The most recent example is Flat 3, 16, Torridon Road, London, SE6 1AQ, a Leasehold flat which sold for £278,000 in Nov 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, Flat B, 37, Wellmeadow Road, London is the 79th largest and the 86th most expensive property on the street.
When compared to the postcode district it is £151k less expensive than the average property in SE13.
The closest station to Flat B, 37, Wellmeadow Road, London is Hither Green station which is 400 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 Flat B, 37, Wellmeadow Road, London, 38.3% of property is privately rented and 23.4% 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 B, 37, Wellmeadow Road, London, 15.7% of residents are recorded as possessing school level qualifications and 56.6% 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 B, 37, 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 Flat B, 37, Wellmeadow Road, London, 1.0% 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 B, 37, 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.