According to the public record, 510, Wimpson Lane, Southampton is a mid-century apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Wimpson Lane, Southampton, SO16 is located within the SO16 postal district.
510, Wimpson Lane, Southampton has no records in the Land Registry database and a single entry in the EPC database dated August 2018.
We combine this information with public data 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 510 Wimpson Lane Southampton as £132,223 and the rental value as £921 per month giving an expected gross yield of 8.4%.
Over the last 12 months the sale value of 510 Wimpson Lane Southampton has increased by £3,159 (2.4%) and its rental value has increased by £42 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 510, Wimpson Lane, Southampton is in very good condition we estimate a sale value of £138,834 and rental value of £967 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £122,967 and a rental value of £857 per month.
If you were able to purchase this property for the estimated value of £132,223, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £650 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 510, Wimpson Lane, Southampton within a radius of 440 metres over the last 2 years.
The most recent example is Flat 42, Brook Court, Brook Valley, Southampton, SO16 6SR, a Leasehold flat which sold for £135,000 in Aug 2021.
Read more about house prices in SO16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wimpson Lane, Southampton, SO16 has a total of 440 addresses. According to our analysis of all the public data, 510, Wimpson Lane, Southampton is the 386th largest and the 329th most expensive property on the street.
When compared to the postcode district it is £152k less expensive than the average property in SO16.
510, Wimpson Lane, Southampton has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Aug 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to 510, Wimpson Lane, Southampton is Redbridge station which is 1.8 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 510, Wimpson Lane, Southampton, 75.8% of property is socially rented and 9.9% 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 510, Wimpson Lane, Southampton, 22.7% of residents are recorded as possessing school level qualifications and 19.3% 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 510, Wimpson Lane, Southampton, the average age was 38.5 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 510, Wimpson Lane, 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 510, Wimpson Lane, Southampton, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.