According to the public record, Flat D, 166, Wellmeadow Road, London is a period leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 166, Wellmeadow Road, London, SE6.
Wellmeadow Road, London, SE6 is located in the borough of Lewisham within the SE6 postal district.
Flat D, 166, Wellmeadow Road, London has 51 entries in the Land Registry database, most recently in May 2023 and a single entry in the EPC database dated August 2022.
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 D 166 Wellmeadow Road London as £270,694 and the rental value as £1,339 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Flat D 166 Wellmeadow Road London has increased by £5,027 (1.9%) and its rental value has increased by £79 per month (5.9%).
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 D, 166, Wellmeadow Road, London is in very good condition we estimate a sale value of £284,228 and rental value of £1,406 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £251,745 and a rental value of £1,246 per month.
If you were able to purchase this property for the estimated value of £270,694, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,330 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 D, 166, Wellmeadow Road, London was last sold on 24 May 2023 for £275,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since May 2023, the market for similar properties has risen 0.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat D, 166, Wellmeadow Road, London within a radius of 430 metres over the last 2 years.
The most recent example is Flat B, 66, Broadfield Road, London, SE6 1NG, a Leasehold flat which sold for £275,000 in Dec 2020.
Read more about house prices in SE6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wellmeadow Road, London, SE6 has a total of 249 addresses. According to our analysis of all the public data, Flat D, 166, Wellmeadow Road, London is the 204th largest and the 226th most expensive property on the street.
When compared to the postcode district it is £170k less expensive than the average property in SE6.
Flat D, 166, Wellmeadow Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Aug 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat D, 166, Wellmeadow Road, London is Lee (London) 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 D, 166, Wellmeadow Road, London, 43.8% of property is privately owned with a mortgage and 24.8% is privately 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 Flat D, 166, Wellmeadow Road, London, 9.2% of residents are recorded as possessing school level qualifications and 52.3% 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 D, 166, Wellmeadow Road, London, the average age was 37.9 and the most common age was 57.
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 D, 166, Wellmeadow Road, 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 D, 166, Wellmeadow Road, London, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.