According to the public record, 59 King Edward Vii Apartments, Midhurst is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 986 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in King Edward Vii Apartments, Kings Drive, Midhurst, GU29.
Kings Drive, Midhurst, GU29 is located in the borough of Chichester within the GU29 postal district.
59 King Edward Vii Apartments, Midhurst has a single entry in the Land Registry database from December 2016 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 59 King Edward Vii Apartments Midhurst as £431,618 and the rental value as £1,443 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 59 King Edward Vii Apartments Midhurst has increased by £14,384 (3.3%) and its rental value has increased by £111 per month (7.7%).
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 59 King Edward Vii Apartments, Midhurst is in very good condition we estimate a sale value of £453,199 and rental value of £1,515 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £401,405 and a rental value of £1,342 per month.
If you were able to purchase this property for the estimated value of £431,618, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,121 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, 59 King Edward Vii Apartments, Midhurst was last sold on 16 Dec 2016 for £460,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2016, the market for similar properties has risen 13.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 59 King Edward Vii Apartments, Midhurst within a radius of 3.4 kilometres over the last 2 years.
The most recent example is 91 King Edward Vii Apartments, Kings Drive, Midhurst, GU29 0EY, a Leasehold flat which sold for £540,000 in Sep 2023.
Read more about house prices in GU29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kings Drive, Midhurst, GU29 has a total of 169 addresses. According to our analysis of all the public data, 59 King Edward Vii Apartments, Midhurst is the 76th largest and the 76th most expensive property on the street.
When compared to the postcode district it is £168k less expensive than the average property in GU29.
The closest station to 59 King Edward Vii Apartments, Midhurst is Liphook station which is 7.0 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 59 King Edward Vii Apartments, Midhurst, 65.2% of property is privately rented and 19.6% 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 59 King Edward Vii Apartments, Midhurst, 19.4% 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 59 King Edward Vii Apartments, Midhurst, the average age was 47.7 and the most common age was 72.
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 59 King Edward Vii Apartments, Midhurst, 0.5% 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 59 King Edward Vii Apartments, Midhurst, there are an average of 1.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.