According to the public record, Flat 24, Lake House, Southampton is a modern leasehold apartment with 376 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Lake House, Paynes Road, Southampton, SO15.
Paynes Road, Southampton, SO15 is located within the SO15 postal district.
Flat 24, Lake House, Southampton has 21 entries in the Land Registry database, most recently in August 2023 and a single entry in the EPC database dated March 2017.
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 Lake House Southampton as £67,560 and the rental value as £486 per month giving an expected gross yield of 8.6%.
Over the last 12 months the sale value of Flat 24 Lake House Southampton has increased by £1,624 (2.4%) and its rental value has increased by £26 per month (5.5%).
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, Lake House, Southampton is in very good condition we estimate a sale value of £70,938 and rental value of £510 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £62,831 and a rental value of £452 per month.
If you were able to purchase this property for the estimated value of £67,560, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £332 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, Lake House, Southampton was last sold on 31 Aug 2023 for £58,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2023, the market for similar properties has risen 2.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 24, Lake House, Southampton within a radius of 470 metres over the last 2 years.
The most recent example is Flat 16, Lake House, Paynes Road, Southampton, SO15 3SH, a Leasehold flat which sold for £75,000 in Feb 2022.
Read more about house prices in SO15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Paynes Road, Southampton, SO15 has a total of 350 addresses. According to our analysis of all the public data, Flat 24, Lake House, Southampton is the 303rd largest and the 348th most expensive property on the street.
When compared to the postcode district it is £192k less expensive than the average property in SO15.
Flat 24, Lake House, Southampton has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Mar 2017.
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 24, Lake House, Southampton is Millbrook (Hants) station which is 200 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 24, Lake House, Southampton, 68.9% of property is privately rented and 16.1% 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 24, Lake House, Southampton, 10.4% of residents are recorded as possessing school level qualifications and 38.0% 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, Lake House, 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 24, Lake House, 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, Lake House, 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.