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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
|
VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 32, Penpool Lane, Welling is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 461 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 32, Penpool Lane, Welling is £158,895 and the estimated rental value is £964 per month.
Penpool Lane, Welling, DA16 is located in the borough of Bexley within the DA16 postal district.
32, Penpool Lane, Welling has 2 entries in the Land Registry , most recently in June 2021 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.
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 32, Penpool Lane, Welling is in very good condition we estimate a sale value of £166,840 and a rental value of £1,012 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £147,773 and a rental value of £897 per month.
Over the last 12 months the sale value of 32 Penpool Lane Welling has decreased by an estimated £366 (0.2%) and its rental value has increased by an estimated £51 per month (5.3%), giving an expected gross yield of 7.3%.
According to HM Land Registry, 32, Penpool Lane, Welling was last sold on 25th June 2021 for £130,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since June 2021, the market for similar properties has risen 10.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 32, 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, 32, Penpool Lane, Welling is the 22nd largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £291k 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.
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