According to the public record, Flat 1, 12, Derby Road, Eastleigh is a modern leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 12, Derby Road, Eastleigh, SO50.
Derby Road, Eastleigh, SO50 is located in the borough of Eastleigh within the SO50 postal district.
Flat 1, 12, Derby Road, Eastleigh has 41 entries in the Land Registry database, most recently in April 2023 and a single entry in the EPC database dated March 2015.
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 Flat 1 12 Derby Road Eastleigh as £178,474 and the rental value as £1,077 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 1 12 Derby Road Eastleigh has increased by £4,572 (2.6%) and its rental value has increased by £61 per month (5.6%).
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 Flat 1, 12, Derby Road, Eastleigh is in very good condition we estimate a sale value of £187,398 and rental value of £1,130 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £165,981 and a rental value of £1,001 per month.
If you were able to purchase this property for the estimated value of £178,474, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £877 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, Flat 1, 12, Derby Road, Eastleigh was last sold on 26 Apr 2023 for £175,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Apr 2023, the market for similar properties has risen 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 12, Derby Road, Eastleigh within a radius of 500 metres over the last 2 years.
The most recent example is Flat 3, The Glen 185, Cranbury Road, Eastleigh, SO50 5TL, a Leasehold flat which sold for £197,500 in Jun 2023.
Read more about house prices in SO50.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Derby Road, Eastleigh, SO50 has a total of 136 addresses. According to our analysis of all the public data, Flat 1, 12, Derby Road, Eastleigh is the 109th largest and the 98th most expensive property on the street.
When compared to the postcode district it is £156k less expensive than the average property in SO50.
Flat 1, 12, Derby Road, Eastleigh has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Mar 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 1, 12, Derby Road, Eastleigh is Eastleigh station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 1, 12, Derby Road, Eastleigh, 30.6% of property is privately owned with a mortgage and 26.1% is socially 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 Flat 1, 12, Derby Road, Eastleigh, 19.1% of residents are recorded as possessing school level qualifications and 31.0% 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 Flat 1, 12, Derby Road, Eastleigh, the average age was 37.8 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 Flat 1, 12, Derby Road, Eastleigh, 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 Flat 1, 12, Derby Road, Eastleigh, 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.