According to the public record, Flat 3, Regency House 3, Southampton is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 820 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Regency House, Grosvenor Square, Southampton, SO15.
Grosvenor Square, Southampton, SO15 is located within the SO15 postal district.
Flat 3, Regency House 3, Southampton has a single entry in the Land Registry database from July 2018 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 3 Regency House 3 Southampton as £243,568 and the rental value as £1,102 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 3 Regency House 3 Southampton has increased by £6,035 (2.5%) and its rental value has increased by £60 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 3, Regency House 3, Southampton is in very good condition we estimate a sale value of £255,746 and rental value of £1,157 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £226,518 and a rental value of £1,025 per month.
If you were able to purchase this property for the estimated value of £243,568, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,197 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 3, Regency House 3, Southampton was last sold on 13 Jul 2018 for £260,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2018, the market for similar properties has risen 6.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Regency House 3, Southampton within a radius of 350 metres over the last 2 years.
The most recent example is Flat 2, Devonshire Mews 53, Devonshire Road, Southampton, SO15 2GL, a Leasehold flat which sold for £230,000 in Apr 2023.
Read more about house prices in SO15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grosvenor Square, Southampton, SO15 has a total of 55 addresses. According to our analysis of all the public data, Flat 3, Regency House 3, Southampton is the 38th largest and the 34th most expensive property on the street.
When compared to the postcode district it is £16k less expensive than the average property in SO15.
The closest station to Flat 3, Regency House 3, Southampton is Southampton Central 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 3, Regency House 3, Southampton, 78.7% of property is privately rented and 7.4% 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 3, Regency House 3, Southampton, 59.7% of residents are recorded as possessing school level qualifications and 39.9% 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 3, Regency House 3, Southampton, the average age was 30.7 and the most common age was 22.
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 3, Regency House 3, 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 3, Regency House 3, Southampton, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.