According to the public record, Flat 1, 37, Commercial Road, Southampton is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 37, Commercial Road, Southampton, SO15.
Commercial Road, Southampton, SO15 is located within the SO15 postal district.
Flat 1, 37, Commercial Road, Southampton has a single entry in the Land Registry database from May 2023 and a single entry in the EPC database dated December 2016.
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 37 Commercial Road Southampton as £168,450 and the rental value as £954 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 1 37 Commercial Road Southampton has increased by £4,658 (2.8%) and its rental value has increased by £54 per month (5.7%).
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 Flat 1, 37, Commercial Road, Southampton is in very good condition we estimate a sale value of £176,872 and rental value of £1,002 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £156,658 and a rental value of £887 per month.
If you were able to purchase this property for the estimated value of £168,450, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £828 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, 37, Commercial Road, Southampton was last sold on 03 May 2023 for £151,250 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2023, the market for similar properties has risen 3.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 37, Commercial Road, Southampton within a radius of 380 metres over the last 2 years.
The most recent example is Flat 10, 37, Commercial Road, Southampton, SO15 1GG, a Leasehold flat which sold for £190,000 in Mar 2023.
Read more about house prices in SO15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Commercial Road, Southampton, SO15 has a total of 329 addresses. According to our analysis of all the public data, Flat 1, 37, Commercial Road, Southampton is the 174th largest and the 79th most expensive property on the street.
When compared to the postcode district it is £92k less expensive than the average property in SO15.
Flat 1, 37, Commercial Road, Southampton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Dec 2016.
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 Flat 1, 37, Commercial Road, Southampton is Southampton Central station which is 200 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 1, 37, Commercial Road, Southampton, 66.5% of property is socially rented and 18.9% is privately 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, 37, Commercial Road, Southampton, 27.1% of residents are recorded as possessing school level qualifications and 26.4% 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, 37, Commercial Road, Southampton, the average age was 30.7 and the most common age was 22.
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, 37, Commercial Road, 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 Flat 1, 37, Commercial Road, Southampton, there are an average of 0.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.