According to the public record, 43B, Norham Avenue, Southampton is a period leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 43, Norham Avenue, Southampton, SO16.
Norham Avenue, Southampton, SO16 is located within the SO16 postal district.
43B, Norham Avenue, Southampton has a single entry in the Land Registry database from December 2019 and a single entry in the EPC database dated April 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 43B Norham Avenue Southampton as £140,680 and the rental value as £956 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 43B Norham Avenue Southampton has increased by £3,468 (2.5%) and its rental value has increased by £45 per month (4.7%).
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 43B, Norham Avenue, Southampton is in very good condition we estimate a sale value of £147,714 and rental value of £1,004 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £130,832 and a rental value of £889 per month.
If you were able to purchase this property for the estimated value of £140,680, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £691 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, 43B, Norham Avenue, Southampton was last sold on 20 Dec 2019 for £125,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2019, the market for similar properties has risen 11.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 43B, Norham Avenue, Southampton within a radius of 530 metres over the last 2 years.
The most recent example is Flat 8, 302, Winchester Road, Southampton, SO16 6TU, a Leasehold flat which sold for £140,000 in Jul 2022.
Read more about house prices in SO16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norham Avenue, Southampton, SO16 has a total of 104 addresses. According to our analysis of all the public data, 43B, Norham Avenue, Southampton is the 104th largest and the 104th most expensive property on the street.
When compared to the postcode district it is £143k less expensive than the average property in SO16.
43B, Norham Avenue, Southampton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Apr 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 43B, Norham Avenue, Southampton is Millbrook (Hants) station which is 2.2 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 43B, Norham Avenue, Southampton, 61.8% of property is privately rented and 18.1% 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 43B, Norham Avenue, Southampton, 15.5% of residents are recorded as possessing school level qualifications and 53.5% 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 43B, Norham Avenue, Southampton, the average age was 42.5 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 43B, Norham Avenue, 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 43B, Norham Avenue, Southampton, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.