According to the public record, Flat 1, Chesil Mews is a modern leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Chesil Mews, Winchester, SO23.
Winchester, SO23 is located in the borough of Winchester within the SO23 postal district.
Flat 1, Chesil Mews has 3 entries in the Land Registry database, most recently in November 2022 and a single entry in the EPC database dated August 2013.
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 Chesil Mews as £230,157 and the rental value as £1,158 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Flat 1 Chesil Mews has increased by £4,497 (2.0%) and its rental value has increased by £61 per month (5.3%).
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, Chesil Mews is in very good condition we estimate a sale value of £241,665 and rental value of £1,216 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £214,046 and a rental value of £1,077 per month.
If you were able to purchase this property for the estimated value of £230,157, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,131 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, Chesil Mews was last sold on 08 Nov 2022 for £250,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Nov 2022, the market for similar properties has dropped 0.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Chesil Mews within a radius of 820 metres over the last 2 years.
The most recent example is Flat 3, Chesil Mews, Winchester, SO23 0QU, a Leasehold flat which sold for £200,000 in Sep 2021.
Read more about house prices in SO23.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Winchester, SO23 has a total of 81 addresses. According to our analysis of all the public data, Flat 1, Chesil Mews is the 78th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £282k less expensive than the average property in SO23.
Flat 1, Chesil Mews has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Aug 2013.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 1, Chesil Mews is Winchester station which is 1.6 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 Flat 1, Chesil Mews, 43.3% of property is socially rented and 22.7% 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 Flat 1, Chesil Mews, 25.0% of residents are recorded as possessing school level qualifications and 35.8% 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, Chesil Mews, the average age was 39.5 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, Chesil Mews, 0.5% 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, Chesil Mews, 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.