According to the public record, 1 Admiral Place, Fareham is a Leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 661 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Admiral Place, Nelson Avenue, Fareham, PO16.
Nelson Avenue, Fareham, PO16 is located in the borough of Fareham within the PO16 postal district.
1 Admiral Place, Fareham has a single entry in the Land Registry database from 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Admiral Place Fareham as £207,683 and the rental value as £888 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 1 Admiral Place Fareham has increased by £6,535 (3.1%) and its rental value has increased by £64 per month (7.2%).
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 1 Admiral Place, Fareham is in very good condition we estimate a sale value of £218,068 and rental value of £932 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £193,146 and a rental value of £826 per month.
If you were able to purchase this property for the estimated value of £207,683, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,021 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, 1 Admiral Place, Fareham was last sold on 24 Jun 2021 for £217,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2021, the market for similar properties has risen 11.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 Admiral Place, Fareham within a radius of 26m over the last 2 years.
The most recent example is 9 Admiral Place, Nelson Avenue, Fareham, PO16 9XN, a Leasehold flat which sold for £205,000 in Sep 2022.
Read more about house prices in PO16.
Nelson Avenue, Fareham, PO16 has a total of 66 addresses. According to our analysis of all the public data, 1 Admiral Place, Fareham is the 52nd largest and the 51st most expensive property on the street.
When compared to the postcode district it is £135k less expensive than the average property in PO16.
The closest station to 1 Admiral Place, Fareham is Portchester station which is 900 m 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 1 Admiral Place, Fareham, 51.3% of property is privately owned outright and 37.8% is privately owned with a mortgage.
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 1 Admiral Place, Fareham, 15.6% of residents are recorded as possessing school level qualifications and 26.9% 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 1 Admiral Place, Fareham, the average age was 47.3 and the most common age was 72.
The graph below shows how this compares to South East 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 1 Admiral Place, Fareham, 0.6% of property was a second home.
Comparison figures for South East 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 1 Admiral Place, Fareham, there are an average of 1.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.