According to the public record, Flat 4, Lance House 16-18, Southampton is a modern leasehold apartment with 333 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Lance House, Upper Banister Street, Southampton, SO15.
Upper Banister Street, Southampton, SO15 is located within the SO15 postal district.
Flat 4, Lance House 16-18, Southampton has 2 entries in the Land Registry database, most recently in November 2023 and a single entry in the EPC database dated October 2018.
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 4 Lance House 16-18 Southampton as £131,271 and the rental value as £764 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 4 Lance House 16-18 Southampton has increased by £3,292 (2.5%) and its rental value has increased by £42 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 4, Lance House 16-18, Southampton is in very good condition we estimate a sale value of £137,835 and rental value of £802 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £122,082 and a rental value of £710 per month.
If you were able to purchase this property for the estimated value of £131,271, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £645 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 4, Lance House 16-18, Southampton was last sold on 22 Nov 2023 for £140,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2023, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, Lance House 16-18, Southampton within a radius of 320 metres over the last 2 years.
The most recent example is Flat 12, Lance House 16-18, Upper Banister Street, Southampton, SO15 2EF, a Leasehold flat which sold for £111,000 in Aug 2023.
Read more about house prices in SO15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Upper Banister Street, Southampton, SO15 has a total of 41 addresses. According to our analysis of all the public data, Flat 4, Lance House 16-18, Southampton is the 20th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £129k less expensive than the average property in SO15.
Flat 4, Lance House 16-18, Southampton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Oct 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to Flat 4, Lance House 16-18, Southampton is Southampton Central station which is 900 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 4, Lance House 16-18, Southampton, 65.0% of property is privately rented and 23.7% 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 4, Lance House 16-18, Southampton, 69.3% of residents are recorded as possessing school level qualifications and 20.9% 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 4, Lance House 16-18, Southampton, the average age was 30.4 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 4, Lance House 16-18, Southampton, 0.2% 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 4, Lance House 16-18, Southampton, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.