According to the public record, Flat 18, Marchesi Court, Fareham is a mid-century leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Marchesi Court, Foster Close, Fareham, PO14.
Foster Close, Fareham, PO14 is located in the borough of Fareham within the PO14 postal district.
Flat 18, Marchesi Court, Fareham has a single entry in the Land Registry database from July 2007 and a single entry in the EPC database dated August 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 18 Marchesi Court Fareham as £144,844 and the rental value as £832 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 18 Marchesi Court Fareham has increased by £4,092 (2.8%) and its rental value has increased by £56 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 18, Marchesi Court, Fareham is in very good condition we estimate a sale value of £152,086 and rental value of £873 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £134,705 and a rental value of £773 per month.
If you were able to purchase this property for the estimated value of £144,844, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £712 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 18, Marchesi Court, Fareham was last sold on 30 Jul 2007 for £66,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2007, the market for similar properties has risen 40.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 18, Marchesi Court, Fareham within a radius of 690 metres over the last 2 years.
The most recent example is Flat 15, Marchesi Court, Foster Close, Fareham, PO14 2HU, a Leasehold flat which sold for £142,000 in Oct 2019.
Read more about house prices in PO14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 690 metres radius of Flat 18, Marchesi Court, Fareham over the last 2 years.
Most recently 214, Old Street, Fareham, PO14 3HG, a Freehold house let by GS Homes in Sep 2023.
Foster Close, Fareham, PO14 has a total of 59 addresses. According to our analysis of all the public data, Flat 18, Marchesi Court, Fareham is the 48th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £245k less expensive than the average property in PO14.
Flat 18, Marchesi Court, Fareham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Aug 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 18, Marchesi Court, Fareham is Fareham station which is 2.9 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 18, Marchesi Court, Fareham, 51.3% of property is socially rented and 18.6% 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 18, Marchesi Court, Fareham, 18.1% of residents are recorded as possessing school level qualifications and 22.3% 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 18, Marchesi Court, Fareham, the average age was 48.1 and the most common age was 72.
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 18, Marchesi Court, Fareham, 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 18, Marchesi Court, Fareham, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.