According to the public record, 41, Primrose Way, Southampton is a modern leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Primrose Way, Locks Heath, Southampton, SO31 is located in the borough of Fareham within the SO31 postal district.
41, Primrose Way, Southampton has 71 entries in the Land Registry database, most recently in June 2020 and a single entry in the EPC database dated April 2014.
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 41 Primrose Way Southampton as £206,998 and the rental value as £1,196 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 41 Primrose Way Southampton has increased by £6,655 (3.2%) and its rental value has increased by £82 per month (6.8%).
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 41, Primrose Way, Southampton is in very good condition we estimate a sale value of £217,348 and rental value of £1,256 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £192,509 and a rental value of £1,112 per month.
If you were able to purchase this property for the estimated value of £206,998, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,017 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, 41, Primrose Way, Southampton was last sold on 11 Jun 2020 for £215,000 and was recorded as a leasehold flat.
The property has had 7 sales since 1995.
Since Jun 2020, the market for similar properties has risen 12.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Primrose Way, Southampton within a radius of 530 metres over the last 2 years.
The most recent example is 15, Needlespar Court, Southampton, SO31 9DZ, a Leasehold flat which sold for £199,950 in Dec 2021.
Read more about house prices in SO31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Primrose Way, Locks Heath, Southampton, SO31 has a total of 55 addresses. According to our analysis of all the public data, 41, Primrose Way, Southampton is the 38th largest and the 46th most expensive property on the street.
When compared to the postcode district it is £225k less expensive than the average property in SO31.
41, Primrose Way, Southampton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Apr 2014.
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 41, Primrose Way, Southampton is Swanwick station which is 2.3 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 41, Primrose Way, Southampton, 39.5% of property is privately owned with a mortgage and 36.7% 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 41, Primrose Way, Southampton, 14.8% of residents are recorded as possessing school level qualifications and 35.8% 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 41, Primrose Way, Southampton, the average age was 45.5 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 41, Primrose Way, 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 41, Primrose Way, Southampton, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.