11, Welland Mews
11, Welland Mews
Description & Estimates
11, Welland Mews is recorded publicly as a modern leasehold apartment across 828 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 11, Welland Mews is £545,587 and its rental estimate is £2,945 per month, given the available information and assuming reasonable condition.
Welland Mews, London, E1 falls within the E1 postal district, in the borough of Tower Hamlets.
Our Data Sources
11, Welland Mews has 21 entries in the Land Registry , most recently in September 2022 and a single entry in the EPC database dated December 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 11, Welland Mews, we estimate a market value of £572,866 and a rental value of £3,092 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £507,396 and £2,739 per month respectively.
Recent Market Change
Over the last year, 11, Welland Mews has seen its estimated sale value decline by £15,215 (2.8%) and its estimated rental value climb by £159 per month (5.4%). This results in an estimated gross rental yield of 6.5%.
Energy Efficiency
11, Welland Mews has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Dec 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of 11, Welland Mews completed on 9th September 2022 at £575,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 28.0% over the period since September 2022.
- Sold Sep 2022£575,000
- Sold Dec 1998£135,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 11, Welland Mews have sold within a radius of 270 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd July 2024, was 20, Cape Yard, London, E1W 2JU, a leasehold flat which sold for £575,000.
Read more about house prices in E1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 32 addresses on Welland Mews, London, E1, 11, Welland Mews comes out as the 23rd largest and the 27th most expensive in our analysis of the public data.
It is also £30k more expensive than the average property across the E1 district.
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Schools Nearby
- 200mHermitage Primary School
- 400mSt Paul's Whitechapel Church of England Primary School
- 600mSt Peter's London Docks CofE Primary School
- 300mMulberry Academy London Dock
- 800mSt Michael's Catholic College
- 900mMulberry School for Girls
More reading links
Public Transport Nearby
From 11, Welland Mews, the nearest station is Wapping, 600 metres away.
- 600mWapping
- 700mShadwell
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
