According to the public record, Flat 1, 87, Richmond Road, Southampton is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 676 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 87, Richmond Road, Southampton, SO15.
Richmond Road, Southampton, SO15 is located within the SO15 postal district.
Flat 1, 87, Richmond Road, Southampton has 2 entries in the Land Registry database, most recently in May 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 87 Richmond Road Southampton as £180,450 and the rental value as £1,050 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 1 87 Richmond Road Southampton has increased by £4,780 (2.6%) and its rental value has increased by £60 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, 87, Richmond Road, Southampton is in very good condition we estimate a sale value of £189,473 and rental value of £1,102 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £167,819 and a rental value of £976 per month.
If you were able to purchase this property for the estimated value of £180,450, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £887 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, 87, Richmond Road, Southampton was last sold on 25 May 2007 for £148,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2007, the market for similar properties has risen 18.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 87, Richmond Road, Southampton within a radius of 420 metres over the last 2 years.
The most recent example is Flat 11, 143-145, Paynes Road, Southampton, SO15 3BW, a Leasehold flat which sold for £143,000 in Oct 2023.
Read more about house prices in SO15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richmond Road, Southampton, SO15 has a total of 212 addresses. According to our analysis of all the public data, Flat 1, 87, Richmond Road, Southampton is the 101st largest and the 99th most expensive property on the street.
When compared to the postcode district it is £80k less expensive than the average property in SO15.
The closest station to Flat 1, 87, Richmond Road, Southampton is Millbrook (Hants) station which is 300 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 Flat 1, 87, Richmond Road, 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 Flat 1, 87, Richmond Road, 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 Flat 1, 87, Richmond Road, 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 Flat 1, 87, Richmond 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, 87, Richmond Road, 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.