According to the public record, Flat 48, Redbridge Tower, Southampton is a mid-century leasehold apartment with 818 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Redbridge Tower, Cuckmere Lane, Southampton, SO16.
Cuckmere Lane, Southampton, SO16 is located within the SO16 postal district.
Flat 48, Redbridge Tower, Southampton has a single entry in the Land Registry database from July 2009 and a single entry in the EPC database dated July 2022.
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 48 Redbridge Tower Southampton as £97,889 and the rental value as £609 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of Flat 48 Redbridge Tower Southampton has increased by £2,325 (2.4%) and its rental value has increased by £28 per month (4.6%).
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 48, Redbridge Tower, Southampton is in very good condition we estimate a sale value of £102,784 and rental value of £640 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £91,037 and a rental value of £566 per month.
If you were able to purchase this property for the estimated value of £97,889, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £481 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 48, Redbridge Tower, Southampton was last sold on 01 Jul 2009 for £60,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2009, the market for similar properties has risen 49.2%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 48, Redbridge Tower, Southampton within a radius of 690 metres over the last 2 years.
The most recent example is Flat 11, Cherwell House, Cherwell Crescent, Southampton, SO16 9JL, a Leasehold flat which sold for £88,000 in Feb 2020.
Read more about house prices in SO16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cuckmere Lane, Southampton, SO16 has a total of 258 addresses. According to our analysis of all the public data, Flat 48, Redbridge Tower, Southampton is the 36th largest and the 152nd most expensive property on the street.
When compared to the postcode district it is £186k less expensive than the average property in SO16.
Flat 48, Redbridge Tower, Southampton has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 11 Jul 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to Flat 48, Redbridge Tower, Southampton is Redbridge station which is 300 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 48, Redbridge Tower, Southampton, 86.1% of property is socially rented and 6.5% is privately 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 48, Redbridge Tower, Southampton, 29.5% of residents are recorded as possessing school level qualifications and 14.4% 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 48, Redbridge Tower, Southampton, the average age was 35.9 and the most common age was 12.
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 48, Redbridge Tower, 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 48, Redbridge Tower, 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.