According to the public record, 24, Fernside Close, Southampton is a mid-century leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Fernside Close, Southampton, SO16 is located within the SO16 postal district.
24, Fernside Close, Southampton has 2 entries in the Land Registry database, most recently in March 2022 and a single entry in the EPC database dated October 2021.
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 24 Fernside Close Southampton as £141,584 and the rental value as £922 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 24 Fernside Close Southampton has increased by £3,399 (2.4%) and its rental value has increased by £45 per month (4.9%).
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 24, Fernside Close, Southampton is in very good condition we estimate a sale value of £148,663 and rental value of £968 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £131,673 and a rental value of £857 per month.
If you were able to purchase this property for the estimated value of £141,584, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £696 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, 24, Fernside Close, Southampton was last sold on 18 Mar 2022 for £145,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2022, the market for similar properties has risen 2.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Fernside Close, Southampton within a radius of 540 metres over the last 2 years.
The most recent example is 80, Brendon Green, Southampton, SO16 4BE, a Leasehold flat which sold for £149,000 in Oct 2022.
Read more about house prices in SO16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fernside Close, Southampton, SO16 has a total of 36 addresses. According to our analysis of all the public data, 24, Fernside Close, Southampton is the 31st largest and the 29th most expensive property on the street.
When compared to the postcode district it is £142k less expensive than the average property in SO16.
24, Fernside Close, Southampton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Oct 2021.
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 24, Fernside Close, Southampton is Redbridge station which is 1.3 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 24, Fernside Close, Southampton, 55.6% of property is socially rented and 18.0% 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 24, Fernside Close, Southampton, 21.1% of residents are recorded as possessing school level qualifications and 19.3% 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 24, Fernside Close, Southampton, the average age was 36.9 and the most common age was 42.
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 24, Fernside Close, 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 24, Fernside Close, Southampton, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.