According to the public record, Flat 1A, 25, Worthy Lane, Winchester is a period leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 25, Worthy Lane, Winchester, SO23.
Worthy Lane, Winchester, SO23 is located in the borough of Winchester within the SO23 postal district.
Flat 1A, 25, Worthy Lane, Winchester has 41 entries in the Land Registry database, most recently in April 2022 and a single entry in the EPC database dated January 2022.
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 1A 25 Worthy Lane Winchester as £230,905 and the rental value as £1,241 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Flat 1A 25 Worthy Lane Winchester has increased by £2,970 (1.3%) and its rental value has increased by £57 per month (4.6%).
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 1A, 25, Worthy Lane, Winchester is in very good condition we estimate a sale value of £242,450 and rental value of £1,303 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £214,741 and a rental value of £1,154 per month.
If you were able to purchase this property for the estimated value of £230,905, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,135 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 1A, 25, Worthy Lane, Winchester was last sold on 14 Apr 2022 for £220,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Apr 2022, the market for similar properties has dropped 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1A, 25, Worthy Lane, Winchester within a radius of 440 metres over the last 2 years.
The most recent example is 2 Clarendon House 33, Hyde Street, Winchester, SO23 7XJ, a Leasehold flat which sold for £210,000 in Mar 2022.
Read more about house prices in SO23.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Worthy Lane, Winchester, SO23 has a total of 58 addresses. According to our analysis of all the public data, Flat 1A, 25, Worthy Lane, Winchester is the 55th largest and the 56th most expensive property on the street.
When compared to the postcode district it is £281k less expensive than the average property in SO23.
Flat 1A, 25, Worthy Lane, Winchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Jan 2022.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to Flat 1A, 25, Worthy Lane, Winchester is Winchester station which is 400 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 1A, 25, Worthy Lane, Winchester, 33.3% of property is privately owned outright and 24.3% is socially rented.
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 1A, 25, Worthy Lane, Winchester, 15.1% of residents are recorded as possessing school level qualifications and 58.5% 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 1A, 25, Worthy Lane, Winchester, the average age was 39.7 and the most common age was 17.
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 1A, 25, Worthy Lane, Winchester, 2.7% 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 1A, 25, Worthy Lane, Winchester, 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.