According to the public record, 1 St. Richards Flats, Midhurst is a early-century leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in St. Richards Flats, June Lane, Midhurst, GU29.
June Lane, Midhurst, GU29 is located in the borough of Chichester within the GU29 postal district.
1 St. Richards Flats, Midhurst has a single entry in the Land Registry database from October 2007 and a single entry in the EPC database dated November 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 St. Richards Flats Midhurst as £253,723 and the rental value as £1,095 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 1 St. Richards Flats Midhurst has increased by £6,667 (2.6%) and its rental value has increased by £75 per month (6.9%).
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 St. Richards Flats, Midhurst is in very good condition we estimate a sale value of £266,409 and rental value of £1,150 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £235,962 and a rental value of £1,018 per month.
If you were able to purchase this property for the estimated value of £253,723, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,247 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 St. Richards Flats, Midhurst was last sold on 05 Oct 2007 for £175,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2007, the market for similar properties has risen 38.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 St. Richards Flats, Midhurst within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 7, Elmleigh Court, Midhurst, GU29 9HB, a Leasehold flat which sold for £259,950 in Sep 2022.
Read more about house prices in GU29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
June Lane, Midhurst, GU29 has a total of 99 addresses. According to our analysis of all the public data, 1 St. Richards Flats, Midhurst is the 71st largest and the 70th most expensive property on the street.
When compared to the postcode district it is £346k less expensive than the average property in GU29.
1 St. Richards Flats, Midhurst has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Nov 2014.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1 St. Richards Flats, Midhurst is Liphook station which is 9.7 kilometres 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 St. Richards Flats, Midhurst, 43.8% of property is socially rented and 21.9% is privately owned outright.
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 St. Richards Flats, Midhurst, 21.5% of residents are recorded as possessing school level qualifications and 31.1% 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 St. Richards Flats, Midhurst, the average age was 47.7 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 St. Richards Flats, Midhurst, 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 St. Richards Flats, Midhurst, 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.