According to the public record, Flat 11, Central Park 8, Southampton is a modern leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Central Park, Palmerston Road, Southampton, SO14.
Palmerston Road, Southampton, SO14 is located within the SO14 postal district.
Flat 11, Central Park 8, Southampton has 31 entries in the Land Registry database, most recently in February 2022 and a single entry in the EPC database dated September 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 11 Central Park 8 Southampton as £169,997 and the rental value as £1,004 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 11 Central Park 8 Southampton has increased by £1,536 (0.9%) and its rental value has increased by £37 per month (3.6%).
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 11, Central Park 8, Southampton is in very good condition we estimate a sale value of £178,497 and rental value of £1,054 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £158,097 and a rental value of £934 per month.
If you were able to purchase this property for the estimated value of £169,997, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £835 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 11, Central Park 8, Southampton was last sold on 22 Feb 2022 for £195,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Feb 2022, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 11, Central Park 8, Southampton within a radius of 410 metres over the last 2 years.
The most recent example is Flat 23, Central Park 8, Palmerston Road, Southampton, SO14 1LP, a Leasehold flat which sold for £57,000 in Oct 2022.
Read more about house prices in SO14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palmerston Road, Southampton, SO14 has a total of 73 addresses. According to our analysis of all the public data, Flat 11, Central Park 8, Southampton is the 16th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £38k less expensive than the average property in SO14.
Flat 11, Central Park 8, Southampton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Sep 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 11, Central Park 8, Southampton is Southampton Central station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 11, Central Park 8, Southampton, 72.1% of property is privately rented and 9.3% 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 11, Central Park 8, Southampton, 53.6% of residents are recorded as possessing school level qualifications and 38.4% 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 11, Central Park 8, Southampton, the average age was 37.9 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 11, Central Park 8, Southampton, 0.2% 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 11, Central Park 8, Southampton, there are an average of 0.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.