According to the public record, 2, Vectis Way, Portsmouth is a early-century leasehold apartment and with 1,410 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Vectis Way, Portsmouth, PO6 is located within the PO6 postal district.
2, Vectis Way, Portsmouth has 71 entries in the Land Registry database, most recently in October 2020 and 2 entries in the EPC database, most recently in February 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 Vectis Way Portsmouth as £199,154 and the rental value as £1,062 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 2 Vectis Way Portsmouth has increased by £6,893 (3.5%) and its rental value has increased by £78 per month (7.3%).
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, Vectis Way, Portsmouth is in very good condition we estimate a sale value of £209,112 and rental value of £1,115 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £185,213 and a rental value of £987 per month.
If you were able to purchase this property for the estimated value of £199,154, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £979 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, Vectis Way, Portsmouth was last sold on 07 Oct 2020 for £175,000 and was recorded as a leasehold flat.
The property has had 7 sales since 1995.
Since Oct 2020, the market for similar properties has risen 12.2%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 2, Vectis Way, Portsmouth within a radius of 244m over the last 2 years.
The most recent example is 44B, Magdala Road, Portsmouth, PO6 2QG, a Leasehold flat which sold for £371,500 in Dec 2020.
Read more about house prices in PO6.
Vectis Way, Portsmouth, PO6 has a total of 2 addresses. According to our analysis of all the public data, 2, Vectis Way, Portsmouth is the largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £112k less expensive than the average property in PO6.
2, Vectis Way, Portsmouth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Feb 2016.
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, Vectis Way, Portsmouth is Cosham station which is 200 m 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, Vectis Way, Portsmouth, 61.1% of property is privately rented and 15.0% 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, Vectis Way, Portsmouth, 11.1% of residents are recorded as possessing school level qualifications and 36.5% 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, Vectis Way, Portsmouth, the average age was 36.7 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 2, Vectis Way, 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, Vectis Way, Portsmouth, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.