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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 18, Penpool Lane, Welling is a modern leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 18, Penpool Lane, Welling is £164,255 and the estimated rental value is £1,026 per month.
Penpool Lane, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
18, Penpool Lane, Welling has a single entry in the Land Registry from December 2019 and a single entry in the EPC database dated April 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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 18, Penpool Lane, Welling is in very good condition we estimate a sale value of £172,468 and a rental value of £1,077 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £152,758 and a rental value of £954 per month.
Over the last 12 months the sale value of 18 Penpool Lane Welling has decreased by an estimated £1,640 (1.0%) and its rental value has increased by an estimated £50 per month (4.9%), giving an expected gross yield of 7.5%.
18, Penpool Lane, Welling has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Apr 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 18, Penpool Lane, Welling was last sold on 3rd December 2019 for £135,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since December 2019, the market for similar properties has risen 21.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Penpool Lane, Welling within a radius of 540 metres over the last 2 years.
The most recent example is 34, Penpool Lane, Welling, DA16 2AE, a leasehold flat which sold for £120,000 on the 11th February 2022.
Read more about house prices in DA16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Penpool Lane, Welling, DA16 has a total of 22 addresses. According to our analysis of all the public data, 18, Penpool Lane, Welling is the 21st largest and the 21st most expensive property on the street.
When compared to the postcode district it is £286k less expensive than the average property in DA16.
The nearest school is Danson Primary School which is 569 metres away. The nearest train station is Welling which is 900 metres away.
Please login for all schools and rail links, broadband speeds, floodrisk and area demographics information including levels of education, home ownership and more.
