According to the public record, Flat 5, Cornwood House 3, Petersfield is a period leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Cornwood House, Weston Road, Petersfield, GU31.
Weston Road, Petersfield, GU31 is located in the borough of East Hampshire within the GU31 postal district.
Flat 5, Cornwood House 3, Petersfield has 61 entries in the Land Registry database, most recently in October 2022 and a single entry in the EPC database dated March 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 5 Cornwood House 3 Petersfield as £209,952 and the rental value as £1,068 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 5 Cornwood House 3 Petersfield has increased by £6,416 (3.1%) and its rental value has increased by £86 per month (8.0%).
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, Cornwood House 3, Petersfield is in very good condition we estimate a sale value of £220,449 and rental value of £1,121 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £195,255 and a rental value of £993 per month.
If you were able to purchase this property for the estimated value of £209,952, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,032 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, Cornwood House 3, Petersfield was last sold on 21 Oct 2022 for £190,000 and was recorded as a leasehold flat.
The property has had 6 sales since 1995.
Since Oct 2022, the market for similar properties has dropped 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Cornwood House 3, Petersfield within a radius of 640 metres over the last 2 years.
The most recent example is 4 Park Court, Park Road, Petersfield, GU32 3DL, a Leasehold flat which sold for £205,500 in Sep 2023.
Read more about house prices in GU31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Weston Road, Petersfield, GU31 has a total of 16 addresses. According to our analysis of all the public data, Flat 5, Cornwood House 3, Petersfield is the 16th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £377k less expensive than the average property in GU31.
Flat 5, Cornwood House 3, Petersfield has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Mar 2022.
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, Cornwood House 3, Petersfield is Petersfield station which is 800 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 5, Cornwood House 3, Petersfield, 58.7% of property is privately owned outright and 23.3% 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 5, Cornwood House 3, Petersfield, 11.7% of residents are recorded as possessing school level qualifications and 52.7% 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, Cornwood House 3, Petersfield, the average age was 46.1 and the most common age was 57.
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, Cornwood House 3, Petersfield, 1.9% 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, Cornwood House 3, Petersfield, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.