According to the public record, 111B, Foundry Lane, Southampton is a mid-century leasehold apartment with 441 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 111, Foundry Lane, Southampton, SO15.
Foundry Lane, Southampton, SO15 is located within the SO15 postal district.
111B, Foundry Lane, Southampton has 21 entries in the Land Registry database, most recently in March 2014 and a single entry in the EPC database dated October 2022.
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 111B Foundry Lane Southampton as £120,258 and the rental value as £844 per month giving an expected gross yield of 8.4%.
Over the last 12 months the sale value of 111B Foundry Lane Southampton has increased by £2,890 (2.4%) and its rental value has increased by £46 per month (5.5%).
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 111B, Foundry Lane, Southampton is in very good condition we estimate a sale value of £126,271 and rental value of £887 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £111,840 and a rental value of £785 per month.
If you were able to purchase this property for the estimated value of £120,258, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £591 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, 111B, Foundry Lane, Southampton was last sold on 07 Mar 2014 for £60,050 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2014, the market for similar properties has risen 29.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 111B, Foundry Lane, Southampton within a radius of 390 metres over the last 2 years.
The most recent example is 48, Trafalgar Road, Southampton, SO15 3RY, a Leasehold flat which sold for £109,000 in Oct 2015.
Read more about house prices in SO15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Foundry Lane, Southampton, SO15 has a total of 286 addresses. According to our analysis of all the public data, 111B, Foundry Lane, Southampton is the 249th largest and the 262nd most expensive property on the street.
When compared to the postcode district it is £140k less expensive than the average property in SO15.
111B, Foundry Lane, Southampton has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 17 Oct 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 111B, Foundry Lane, Southampton is Millbrook (Hants) station which is 400 metres 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 111B, Foundry Lane, Southampton, 39.6% of property is privately rented and 32.6% is privately owned with a mortgage.
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 111B, Foundry Lane, Southampton, 19.9% of residents are recorded as possessing school level qualifications and 38.2% 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 111B, Foundry Lane, Southampton, the average age was 36.8 and the most common age was 27.
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 111B, Foundry 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 111B, Foundry Lane, Southampton, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.