According to the public record, 2B, Western Road, Fareham is a early-century leasehold apartment and with 430 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 2, Western Road, Fareham, PO16.
Western Road, Fareham, PO16 is located in the borough of Fareham within the PO16 postal district.
2B, Western Road, Fareham has 41 entries in the Land Registry database, most recently in May 2019 and a single entry in the EPC database dated March 2018.
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 2B Western Road Fareham as £135,625 and the rental value as £781 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 2B Western Road Fareham has increased by £4,072 (3.0%) and its rental value has increased by £55 per month (7.1%).
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 2B, Western Road, Fareham is in very good condition we estimate a sale value of £142,406 and rental value of £820 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £126,131 and a rental value of £726 per month.
If you were able to purchase this property for the estimated value of £135,625, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £667 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, 2B, Western Road, Fareham was last sold on 31 May 2019 for £102,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since May 2019, the market for similar properties has risen 16.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2B, Western Road, Fareham within a radius of 242m over the last 2 years.
The most recent example is 6, Compass Point, Fareham, PO16 0LJ, a Leasehold flat which sold for £131,500 in Jan 2024.
Read more about house prices in PO16.
Western Road, Fareham, PO16 has a total of 82 addresses. According to our analysis of all the public data, 2B, Western Road, Fareham is the 56th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £207k less expensive than the average property in PO16.
2B, Western Road, Fareham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Mar 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 2B, Western Road, Fareham is Fareham station which is 900 m 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 2B, Western Road, Fareham, 32.0% of property is privately owned outright and 31.2% 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 2B, Western Road, Fareham, 12.8% of residents are recorded as possessing school level qualifications and 34.2% 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 2B, Western Road, Fareham, the average age was 44.9 and the most common age was 57.
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 2B, Western Road, Fareham, 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 2B, Western Road, Fareham, there are an average of 1.2 cars per household.
See below for how this compares to South East and the rest of England & Wales.