According to the public record, Flat 1, Redlands House, Southampton is a period leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in Redlands House, Redlands Drive, Southampton, SO19.
Redlands Drive, Southampton, SO19 is located within the SO19 postal district.
Flat 1, Redlands House, Southampton has 3 entries in the Land Registry database, most recently in September 2015 and a single entry in the EPC database dated May 2020.
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 Redlands House Southampton as £170,538 and the rental value as £1,012 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 1 Redlands House Southampton has increased by £4,712 (2.8%) and its rental value has increased by £69 per month (6.8%).
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, Redlands House, Southampton is in very good condition we estimate a sale value of £179,065 and rental value of £1,062 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £158,600 and a rental value of £941 per month.
If you were able to purchase this property for the estimated value of £170,538, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £838 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, Redlands House, Southampton was last sold on 24 Sep 2015 for £132,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2015, the market for similar properties has risen 27.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Redlands House, Southampton within a radius of 560 metres over the last 2 years.
The most recent example is 225B, Peartree Avenue, Southampton, SO19 7RD, a Leasehold flat which sold for £187,000 in Dec 2023.
Read more about house prices in SO19.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Redlands Drive, Southampton, SO19 has a total of 35 addresses. According to our analysis of all the public data, Flat 1, Redlands House, Southampton is the 31st largest and the 30th most expensive property on the street.
When compared to the postcode district it is £74k less expensive than the average property in SO19.
Flat 1, Redlands House, Southampton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 May 2020.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 1, Redlands House, Southampton is Bitterne station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 1, Redlands House, Southampton, 37.6% of property is privately owned outright and 37.6% 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, Redlands House, Southampton, 19.4% of residents are recorded as possessing school level qualifications and 34.3% 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, Redlands House, Southampton, the average age was 40.8 and the most common age was 42.
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, Redlands House, 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, Redlands House, Southampton, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.