According to the public record, 157, Wavell Road, Southampton is a mid-century leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Wavell Road, Southampton, SO18 is located within the SO18 postal district.
157, Wavell Road, Southampton has 51 entries in the Land Registry database, most recently in February 2022 and a single entry in the EPC database dated May 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 reasonable condition, we estimate the current sale value for 157 Wavell Road Southampton as £128,940 and the rental value as £858 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 157 Wavell Road Southampton has increased by £3,355 (2.6%) and its rental value has increased by £60 per month (7.0%).
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 157, Wavell Road, Southampton is in very good condition we estimate a sale value of £135,387 and rental value of £901 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £119,914 and a rental value of £798 per month.
If you were able to purchase this property for the estimated value of £128,940, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £634 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, 157, Wavell Road, Southampton was last sold on 02 Feb 2022 for £120,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Feb 2022, the market for similar properties has risen 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 157, Wavell Road, Southampton within a radius of 480 metres over the last 2 years.
The most recent example is Flat 5, Dean Court, West End Road, Southampton, SO18 6TW, a Leasehold flat which sold for £130,000 in Nov 2022.
Read more about house prices in SO18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wavell Road, Southampton, SO18 has a total of 152 addresses. According to our analysis of all the public data, 157, Wavell Road, Southampton is the 92nd largest and the 102nd most expensive property on the street.
When compared to the postcode district it is £137k less expensive than the average property in SO18.
157, Wavell Road, Southampton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 May 2019.
The property is connected to mains gas and has mostly double glazing. It is heated using Room heaters, electric.
The closest station to 157, Wavell Road, Southampton is Bitterne station which is 1.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 157, Wavell Road, Southampton, 69.8% of property is socially rented and 17.7% is privately rented.
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 157, Wavell Road, Southampton, 26.6% of residents are recorded as possessing school level qualifications and 14.2% 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 157, Wavell Road, Southampton, the average age was 40 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 157, Wavell Road, Southampton, 0.4% 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 157, Wavell Road, Southampton, there are an average of 0.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.