According to the public record, 3, Falcon Close, Fareham is a mid-century leasehold apartment with 398 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Falcon Close, Fareham, PO16 is located in the borough of Fareham within the PO16 postal district.
3, Falcon Close, Fareham has 51 entries in the Land Registry database, most recently in May 2007 and a single entry in the EPC database dated February 2020.
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 3 Falcon Close Fareham as £127,157 and the rental value as £709 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 3 Falcon Close Fareham has increased by £3,647 (2.9%) and its rental value has increased by £49 per month (6.9%).
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 3, Falcon Close, Fareham is in very good condition we estimate a sale value of £133,514 and rental value of £745 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £118,256 and a rental value of £660 per month.
If you were able to purchase this property for the estimated value of £127,157, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £625 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, 3, Falcon Close, Fareham was last sold on 04 May 2007 for £116,950 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since May 2007, the market for similar properties has risen 38.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Falcon Close, Fareham within a radius of 990 metres over the last 2 years.
The most recent example is 5, Wagtail Way, Fareham, PO16 8PN, a Leasehold flat which sold for £148,000 in Jul 2022.
Read more about house prices in PO16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Falcon Close, Fareham, PO16 has a total of 22 addresses. According to our analysis of all the public data, 3, Falcon Close, Fareham is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £215k less expensive than the average property in PO16.
3, Falcon Close, Fareham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Feb 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 3, Falcon Close, Fareham is Portchester station which is 2.0 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 3, Falcon Close, Fareham, 33.1% of property is privately owned outright and 31.4% 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 3, Falcon Close, Fareham, 17.9% of residents are recorded as possessing school level qualifications and 27.4% 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 3, Falcon Close, Fareham, the average age was 44.9 and the most common age was 57.
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 3, Falcon Close, Fareham, 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 3, Falcon Close, Fareham, 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.