According to the public record, 5, Merritt Way, Waterlooville is a modern freehold house with 1,054 ft2 of internal area and sits on a 165 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Merritt Way, Waterlooville, PO8 is located in the borough of Havant within the PO8 postal district.
5, Merritt Way, Waterlooville has a single entry in the Land Registry database from October 2020 and a single entry in the EPC database dated October 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 good condition, we estimate the current sale value for 5 Merritt Way Waterlooville as £357,151 and the rental value as £1,562 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 5 Merritt Way Waterlooville has increased by £8,935 (2.5%) and its rental value has increased by £102 per month (6.6%).
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 5, Merritt Way, Waterlooville is in very good condition we estimate a sale value of £375,009 and rental value of £1,641 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £332,151 and a rental value of £1,453 per month.
If you were able to purchase this property for the estimated value of £357,151, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,755 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 data from HM Land Registry, 5, Merritt Way, Waterlooville sits on a plot of 165m2.
We have plot size data on 21 out of 23 other houses in the postcode and 5, Merritt Way, Waterlooville sits on the 14th largest plot.
According to HM Land Registry, 5, Merritt Way, Waterlooville was last sold on 30 Oct 2020 for £325,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2020, the market for similar properties has risen 10.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Merritt Way, Waterlooville within a radius of 640 metres over the last 2 years.
The most recent example is 4, Hudson Gardens, Waterlooville, PO8 9FA, a Freehold house which sold for £385,000 in Jun 2024.
Read more about house prices in PO8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merritt Way, Waterlooville, PO8 has a total of 62 addresses. According to our analysis of all the public data, 5, Merritt Way, Waterlooville is the 19th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £16k less expensive than the average property in PO8.
5, Merritt Way, Waterlooville has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Oct 2020.
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 5, Merritt Way, Waterlooville is Rowlands Castle station which is 5.2 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 5, Merritt Way, Waterlooville, 47.3% of property is privately owned with a mortgage and 27.2% 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 5, Merritt Way, Waterlooville, 13.5% of residents are recorded as possessing school level qualifications and 33.2% 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 5, Merritt Way, Waterlooville, the average age was 39.5 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 5, Merritt Way, Waterlooville, 0.3% 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 5, Merritt Way, Waterlooville, there are an average of 1.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.