According to the public record, The Lennox Building 44, Southampton is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Lennox Building, Mercator Close, Southampton, SO16.
Mercator Close, Southampton, SO16 is located within the SO16 postal district.
The Lennox Building 44, Southampton has 2 entries in the Land Registry database, most recently in November 2022 and a single entry in the EPC database dated January 2017.
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 The Lennox Building 44 Southampton as £165,176 and the rental value as £978 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of The Lennox Building 44 Southampton has increased by £4,068 (2.5%) and its rental value has increased by £45 per month (4.6%).
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 The Lennox Building 44, Southampton is in very good condition we estimate a sale value of £173,435 and rental value of £1,027 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £153,614 and a rental value of £910 per month.
If you were able to purchase this property for the estimated value of £165,176, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £812 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, The Lennox Building 44, Southampton was last sold on 01 Nov 2022 for £152,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2022, the market for similar properties has risen 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Lennox Building 44, Southampton within a radius of 450 metres over the last 2 years.
The most recent example is The Lennox Building 46, Mercator Close, Southampton, SO16 4HW, a Leasehold flat which sold for £148,000 in Nov 2023.
Read more about house prices in SO16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mercator Close, Southampton, SO16 has a total of 52 addresses. According to our analysis of all the public data, The Lennox Building 44, Southampton is the 47th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £119k less expensive than the average property in SO16.
The Lennox Building 44, Southampton has an Energy Performance Rating (EPC) of A. This is based on the most recent assessment, dated 16 Jan 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to The Lennox Building 44, Southampton is Redbridge station which is 1.9 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 The Lennox Building 44, Southampton, 40.3% of property is privately owned with a mortgage and 23.4% 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 The Lennox Building 44, Southampton, 14.7% of residents are recorded as possessing school level qualifications and 16.3% 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 The Lennox Building 44, Southampton, 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 The Lennox Building 44, 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 The Lennox Building 44, Southampton, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.