According to the public record, Flat 24, Chelwood Gate, Southampton is a modern leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Chelwood Gate, Glen Eyre Road, Southampton, SO16.
Glen Eyre Road, Southampton, SO16 is located within the SO16 postal district.
Flat 24, Chelwood Gate, Southampton has a single entry in the Land Registry database from June 2010 and a single entry in the EPC database dated November 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 24 Chelwood Gate Southampton as £203,410 and the rental value as £946 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Flat 24 Chelwood Gate Southampton has increased by £3,458 (1.7%) and its rental value has increased by £42 per month (4.4%).
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 24, Chelwood Gate, Southampton is in very good condition we estimate a sale value of £213,581 and rental value of £993 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £189,172 and a rental value of £879 per month.
If you were able to purchase this property for the estimated value of £203,410, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1000 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 24, Chelwood Gate, Southampton was last sold on 04 Jun 2010 for £140,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2010, the market for similar properties has risen 33.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 24, Chelwood Gate, Southampton within a radius of 420 metres over the last 2 years.
The most recent example is Flat 17, Chelwood Gate, Glen Eyre Road, Southampton, SO16 3TZ, a Leasehold flat which sold for £205,000 in Aug 2022.
Read more about house prices in SO16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Glen Eyre Road, Southampton, SO16 has a total of 1267 addresses. According to our analysis of all the public data, Flat 24, Chelwood Gate, Southampton is the 1239th largest and the 861st most expensive property on the street.
When compared to the postcode district it is £80k less expensive than the average property in SO16.
Flat 24, Chelwood Gate, Southampton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Nov 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 24, Chelwood Gate, Southampton is Swaythling station which is 2.1 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 24, Chelwood Gate, Southampton, 45.3% of property is privately rented and 28.2% 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 24, Chelwood Gate, Southampton, 15.2% of residents are recorded as possessing school level qualifications and 46.5% 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 24, Chelwood Gate, Southampton, the average age was 36.1 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 24, Chelwood Gate, 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 24, Chelwood Gate, Southampton, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.