According to the public record, Flat 5, Bourne Place 4, Southampton is a modern leasehold apartment with 441 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Bourne Place, Archers Road, Southampton, SO15.
Archers Road, Southampton, SO15 is located within the SO15 postal district.
Flat 5, Bourne Place 4, Southampton has 2 entries in the Land Registry database, most recently in August 2017 and a single entry in the EPC database dated March 2023.
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 5 Bourne Place 4 Southampton as £163,384 and the rental value as £819 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Flat 5 Bourne Place 4 Southampton has increased by £4,323 (2.6%) and its rental value has increased by £47 per month (5.7%).
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 5, Bourne Place 4, Southampton is in very good condition we estimate a sale value of £171,553 and rental value of £860 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £151,947 and a rental value of £762 per month.
If you were able to purchase this property for the estimated value of £163,384, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £803 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 5, Bourne Place 4, Southampton was last sold on 30 Aug 2017 for £138,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2017, the market for similar properties has risen 7.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Bourne Place 4, Southampton within a radius of 360 metres over the last 2 years.
The most recent example is 2, Suttones Place, Southampton, SO15 2SJ, a Leasehold flat which sold for £155,000 in Nov 2023.
Read more about house prices in SO15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Archers Road, Southampton, SO15 has a total of 347 addresses. According to our analysis of all the public data, Flat 5, Bourne Place 4, Southampton is the 299th largest and the 285th most expensive property on the street.
When compared to the postcode district it is £97k less expensive than the average property in SO15.
Flat 5, Bourne Place 4, Southampton has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 16 Mar 2023.
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 5, Bourne Place 4, Southampton is Southampton Central station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 5, Bourne Place 4, Southampton, 58.2% of property is privately rented and 23.8% 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 5, Bourne Place 4, Southampton, 35.2% of residents are recorded as possessing school level qualifications and 41.6% 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 5, Bourne Place 4, Southampton, the average age was 32 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 5, Bourne Place 4, Southampton, 0.6% 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 5, Bourne Place 4, 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.