According to the public record, 3 Lockside, Newbury is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 1,171 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Lockside, Mill Lane, Newbury, RG14.
Mill Lane, Newbury, RG14 is located within the RG14 postal district.
3 Lockside, Newbury has a single entry in the Land Registry database from October 2015 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 3 Lockside Newbury as £239,212 and the rental value as £1,098 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 3 Lockside Newbury has increased by £490 (0.2%) and its rental value has increased by £22 per month (2.0%).
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 Lockside, Newbury is in very good condition we estimate a sale value of £251,172 and rental value of £1,153 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £222,467 and a rental value of £1,022 per month.
If you were able to purchase this property for the estimated value of £239,212, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,176 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 Lockside, Newbury was last sold on 30 Oct 2015 for £323,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2015, the market for similar properties has risen 6.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3 Lockside, Newbury within a radius of 570 metres over the last 2 years.
The most recent example is 2 Hillsden, Mill Lane, Newbury, RG14 5RE, a Leasehold flat which sold for £337,500 in Sep 2021.
Read more about house prices in RG14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Lane, Newbury, RG14 has a total of 119 addresses. According to our analysis of all the public data, 3 Lockside, Newbury is the 4th largest and the 38th most expensive property on the street.
When compared to the postcode district it is £149k less expensive than the average property in RG14.
The closest station to 3 Lockside, Newbury is Newbury station which is 500 metres 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 Lockside, Newbury, 42.7% of property is privately owned outright and 26.4% is privately rented.
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 Lockside, Newbury, 6.8% of residents are recorded as possessing school level qualifications and 24.8% 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 3 Lockside, Newbury, the average age was 37.9 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 3 Lockside, Newbury, 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 Lockside, Newbury, 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.