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Northumberland Avenue, Welling, Bexley

South East

£390,000

Listed on 30/06/2026

Property details

Bedrooms
2
Type
Bungalow
Area
1063 sqft

Description

This bungalow presents a remarkable opportunity for those looking to invest in a property with substantial potential. Set on a generous plot of approximately one fifth of an acre, it boasts one of the largest gardens on the street. The current layout allows for various extensions—outwards, upwards, or even into the attic—subject to obtaining the necessary planning permission. The property includes a private driveway and garage, offering ample parking space and convenience. The interior features two bedrooms with versatile living spaces that could be reimagined to suit modern needs. The kitchen is bright and overlooks the expansive garden, while the conservatory provides direct access to outdoor areas. A well-maintained bathroom includes both a bathtub and separate shower. The expansive garden includes multiple areas for relaxation, along with a brick-built workshop. Families will appreciate the proximity to local schools with good ratings and easy transport links into central London in around 30 minutes from Falconwood station. This property stands out due to its combination of size, location, and untapped potential, making it an excellent choice for renovation enthusiasts or investors ready to breathe new life into an existing home.

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Investment analysis

(DA16 area)

Below Market Value

This property is priced -23.7% below area average per sq ft

-23.7%
Potential saving
This Property
£367/sq ft
Area Average
£481/sq ft
Avg Rent (weekly)
£481
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£562,258
10% above area average per sq ft
Potential ROI
+22.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (DA16)

Area prices are rising by +2.4% over the last 12 months
3 year growth: +4.7%
5 year growth: +14.0%
Investment Disclaimer: Analysis based on DA16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Northumberland Avenue, Welling, Bexley
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,473
Based on a loan of £292,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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