According to the public record, Flat 2, Cheriton Court 16-18, Southampton is a modern leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Cheriton Court, Richmond Road, Southampton, SO15.
Richmond Road, Southampton, SO15 is located within the SO15 postal district.
Flat 2, Cheriton Court 16-18, Southampton has 41 entries in the Land Registry database, most recently in November 2023 and a single entry in the EPC database dated July 2023.
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 2 Cheriton Court 16-18 Southampton as £141,813 and the rental value as £960 per month giving an expected gross yield of 8.1%.
Over the last 12 months the sale value of Flat 2 Cheriton Court 16-18 Southampton has increased by £3,757 (2.6%) and its rental value has increased by £55 per month (5.7%).
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 2, Cheriton Court 16-18, Southampton is in very good condition we estimate a sale value of £148,904 and rental value of £1,008 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £131,886 and a rental value of £893 per month.
If you were able to purchase this property for the estimated value of £141,813, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £697 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 2, Cheriton Court 16-18, Southampton was last sold on 29 Nov 2023 for £133,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Nov 2023, the market for similar properties has risen 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Cheriton Court 16-18, Southampton within a radius of 360 metres over the last 2 years.
The most recent example is Flat 12, 246-252, Shirley Road, Southampton, SO15 3HP, a Leasehold flat which sold for £157,000 in Oct 2023.
Read more about house prices in SO15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richmond Road, Southampton, SO15 has a total of 212 addresses. According to our analysis of all the public data, Flat 2, Cheriton Court 16-18, Southampton is the 124th largest and the 138th most expensive property on the street.
When compared to the postcode district it is £118k less expensive than the average property in SO15.
Flat 2, Cheriton Court 16-18, Southampton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Jul 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 2, Cheriton Court 16-18, Southampton is Millbrook (Hants) station which is 500 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 2, Cheriton Court 16-18, Southampton, 43.4% of property is privately rented and 25.7% 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 2, Cheriton Court 16-18, Southampton, 11.1% of residents are recorded as possessing school level qualifications and 40.5% 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 2, Cheriton Court 16-18, Southampton, the average age was 36.8 and the most common age was 27.
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 2, Cheriton Court 16-18, 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 2, Cheriton Court 16-18, Southampton, 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.