According to the public record, 16 Elmfield West Block, Southampton is a period leasehold apartment with 564 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Elmfield West Block, Millbrook Road East, Southampton, SO15.
Millbrook Road East, Southampton, SO15 is located within the SO15 postal district.
16 Elmfield West Block, Southampton has 71 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated January 2011.
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 16 Elmfield West Block Southampton as £130,903 and the rental value as £903 per month giving an expected gross yield of 8.3%.
Over the last 12 months the sale value of 16 Elmfield West Block Southampton has increased by £3,520 (2.7%) and its rental value has increased by £52 per month (5.7%).
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 16 Elmfield West Block, Southampton is in very good condition we estimate a sale value of £137,448 and rental value of £948 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £121,739 and a rental value of £840 per month.
If you were able to purchase this property for the estimated value of £130,903, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £643 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, 16 Elmfield West Block, Southampton was last sold on 19 Mar 2021 for £121,500 and was recorded as a leasehold flat.
The property has had 7 sales since 1995.
Since Mar 2021, the market for similar properties has risen 9.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16 Elmfield West Block, Southampton within a radius of 520 metres over the last 2 years.
The most recent example is 7 Elmfield North Block, Millbrook Road East, Southampton, SO15 1HZ, a Leasehold flat which sold for £90,000 in Feb 2023.
Read more about house prices in SO15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Millbrook Road East, Southampton, SO15 has a total of 620 addresses. According to our analysis of all the public data, 16 Elmfield West Block, Southampton is the 262nd largest and the 452nd most expensive property on the street.
When compared to the postcode district it is £129k less expensive than the average property in SO15.
16 Elmfield West Block, Southampton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Jan 2011.
The property is connected to mains gas and has some secondary glazing. It is heated using a community scheme.
The closest station to 16 Elmfield West Block, Southampton is Southampton Central station which is 500 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 16 Elmfield West Block, Southampton, 61.8% of property is privately rented and 22.1% 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 16 Elmfield West Block, Southampton, 11.0% of residents are recorded as possessing school level qualifications and 48.2% 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 16 Elmfield West Block, Southampton, the average age was 36.8 and the most common age was 27.
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 16 Elmfield West Block, Southampton, 0.0% 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 16 Elmfield West Block, Southampton, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.