According to the public record, 14, Torres Rise, Eastleigh is a modern leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Torres Rise, Eastleigh, SO50 is located in the borough of Eastleigh within the SO50 postal district.
14, Torres Rise, Eastleigh has 2 entries in the Land Registry database, most recently in March 2022 and a single entry in the EPC database dated September 2019.
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 good condition, we estimate the current sale value for 14 Torres Rise Eastleigh as £141,158 and the rental value as £915 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 14 Torres Rise Eastleigh has increased by £3,703 (2.6%) and its rental value has increased by £51 per month (5.6%).
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 14, Torres Rise, Eastleigh is in very good condition we estimate a sale value of £148,216 and rental value of £960 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £131,277 and a rental value of £851 per month.
If you were able to purchase this property for the estimated value of £141,158, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £694 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, 14, Torres Rise, Eastleigh was last sold on 31 Mar 2022 for £215,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2022, the market for similar properties has risen 1.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14, Torres Rise, Eastleigh within a radius of 910 metres over the last 2 years.
The most recent example is 11, Torres Rise, Eastleigh, SO50 9SA, a Leasehold flat which sold for £64,500 in Mar 2022.
Read more about house prices in SO50.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Torres Rise, Eastleigh, SO50 has a total of 22 addresses. According to our analysis of all the public data, 14, Torres Rise, Eastleigh is the 18th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £194k less expensive than the average property in SO50.
14, Torres Rise, Eastleigh has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Sep 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 14, Torres Rise, Eastleigh is Southampton Airport Parkway station which is 1.9 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 14, Torres Rise, Eastleigh, 63.0% of property is socially rented and 21.3% 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 14, Torres Rise, Eastleigh, 35.1% of residents are recorded as possessing school level qualifications and 30.3% 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 14, Torres Rise, Eastleigh, the average age was 36.3 and the most common age was 32.
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 14, Torres Rise, Eastleigh, 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 14, Torres Rise, Eastleigh, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.