According to the public record, 2, Chestnut Mead, Winchester is a modern leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Chestnut Mead, Winchester, SO23 is located in the borough of Winchester within the SO23 postal district.
2, Chestnut Mead, Winchester has 2 entries in the Land Registry database, most recently in December 2014 and a single entry in the EPC database dated July 2023.
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 2 Chestnut Mead Winchester as £425,767 and the rental value as £1,523 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 2 Chestnut Mead Winchester has increased by £6,317 (1.5%) and its rental value has increased by £69 per month (4.5%).
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 2, Chestnut Mead, Winchester is in very good condition we estimate a sale value of £447,055 and rental value of £1,599 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £395,963 and a rental value of £1,416 per month.
If you were able to purchase this property for the estimated value of £425,767, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,093 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, 2, Chestnut Mead, Winchester was last sold on 19 Dec 2014 for £372,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2014, the market for similar properties has risen 17.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Chestnut Mead, Winchester within a radius of 750 metres over the last 2 years.
The most recent example is 3 Kingsgate Mews, Kingsgate Road, Winchester, SO23 9QH, a Leasehold flat which sold for £475,000 in Oct 2022.
Read more about house prices in SO23.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chestnut Mead, Winchester, SO23 has a total of 6 addresses. According to our analysis of all the public data, 2, Chestnut Mead, Winchester is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £86k less expensive than the average property in SO23.
2, Chestnut Mead, Winchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Jul 2023.
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 2, Chestnut Mead, Winchester is Winchester station which is 1.6 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 2, Chestnut Mead, Winchester, 49.6% of property is privately owned outright and 31.0% 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 2, Chestnut Mead, Winchester, 24.9% of residents are recorded as possessing school level qualifications and 65.8% 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 2, Chestnut Mead, Winchester, the average age was 39.7 and the most common age was 17.
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 2, Chestnut Mead, Winchester, 2.5% 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 2, Chestnut Mead, Winchester, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.