According to the public record, 16, New Road, Midhurst is a mid-century leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
New Road, Midhurst, GU29 is located in the borough of Chichester within the GU29 postal district.
16, New Road, Midhurst has 21 entries in the Land Registry database, most recently in December 2017 and a single entry in the EPC database dated September 2017.
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 New Road Midhurst as £164,153 and the rental value as £782 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 16 New Road Midhurst has increased by £3,754 (2.3%) and its rental value has increased by £52 per month (6.6%).
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 16, New Road, Midhurst is in very good condition we estimate a sale value of £172,360 and rental value of £821 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £152,662 and a rental value of £727 per month.
If you were able to purchase this property for the estimated value of £164,153, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £807 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, New Road, Midhurst was last sold on 01 Dec 2017 for £177,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2017, the market for similar properties has risen 13.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, New Road, Midhurst within a radius of 680 metres over the last 2 years.
The most recent example is 102, Taylors Field, Midhurst, GU29 9PJ, a Leasehold flat which sold for £162,000 in Aug 2023.
Read more about house prices in GU29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Road, Midhurst, GU29 has a total of 34 addresses. According to our analysis of all the public data, 16, New Road, Midhurst is the 11th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £435k less expensive than the average property in GU29.
16, New Road, Midhurst has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Sep 2017.
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 16, New Road, Midhurst is Liphook station which is 10.9 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 16, New Road, Midhurst, 65.3% of property is socially rented and 12.7% 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 16, New Road, Midhurst, 13.4% of residents are recorded as possessing school level qualifications and 14.4% 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, New Road, 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 16, New Road, Midhurst, 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, New Road, Midhurst, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.