According to the public record, 2, Merz Close, Portsmouth is a modern leasehold house and with 904 ft2 of internal area and sits on a 1,416 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Merz Close, Drayton, Portsmouth, PO6 is located within the PO6 postal district.
2, Merz Close, Portsmouth has a single entry in the Land Registry database from June 2016 and a single entry in the EPC database dated May 2016.
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 Merz Close Portsmouth as £314,023 and the rental value as £1,530 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 2 Merz Close Portsmouth has increased by £7,011 (2.2%) and its rental value has increased by £93 per month (6.1%).
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, Merz Close, Portsmouth is in very good condition we estimate a sale value of £329,724 and rental value of £1,606 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £292,042 and a rental value of £1,423 per month.
If you were able to purchase this property for the estimated value of £314,023, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,543 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 data from HM Land Registry, 2, Merz Close, Portsmouth sits on a plot of 1416m2.
We have plot size data on 6 out of 6 other houses in the postcode and 2, Merz Close, Portsmouth sits on the largest plot.
According to HM Land Registry, 2, Merz Close, Portsmouth was last sold on 21 Jun 2016 for £268,995 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Jun 2016, the market for similar properties has risen 30.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Merz Close, Portsmouth within a radius of 45m over the last 2 years.
The most recent example is 1, Tesla Drive, Portsmouth, PO6 2NQ, a Leasehold house which sold for £299,995 in Apr 2021.
Read more about house prices in PO6.
Merz Close, Drayton, Portsmouth, PO6 has a total of 6 addresses. According to our analysis of all the public data, 2, Merz Close, Portsmouth is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £3k more expensive than the average property in PO6.
2, Merz Close, Portsmouth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 May 2016.
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 2, Merz Close, Portsmouth is Cosham station which is 1.3 km 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, Merz Close, Portsmouth, 42.2% of property is privately owned with a mortgage and 26.1% is privately owned outright.
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, Merz Close, Portsmouth, 21.9% of residents are recorded as possessing school level qualifications and 33.5% 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, Merz Close, Portsmouth, the average age was 39.6 and the most common age was 37.
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, Merz Close, Portsmouth, 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 2, Merz Close, Portsmouth, 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.