According to the public record, Flat 6, Cedar Lodge 72, Southampton is a modern leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Cedar Lodge, Oakley Road, Southampton, SO16.
Oakley Road, Southampton, SO16 is located within the SO16 postal district.
Flat 6, Cedar Lodge 72, Southampton has 2 entries in the Land Registry database, most recently in May 2019 and a single entry in the EPC database dated March 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 6 Cedar Lodge 72 Southampton as £195,106 and the rental value as £919 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Flat 6 Cedar Lodge 72 Southampton has increased by £4,926 (2.5%) and its rental value has increased by £47 per month (5.1%).
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 6, Cedar Lodge 72, Southampton is in very good condition we estimate a sale value of £204,861 and rental value of £965 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £181,448 and a rental value of £854 per month.
If you were able to purchase this property for the estimated value of £195,106, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £959 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 6, Cedar Lodge 72, Southampton was last sold on 23 May 2019 for £160,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2019, the market for similar properties has risen 11.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, Cedar Lodge 72, Southampton within a radius of 450 metres over the last 2 years.
The most recent example is Flat 11, Cedar Lodge 72, Oakley Road, Southampton, SO16 4LE, a Leasehold flat which sold for £185,000 in Jun 2024.
Read more about house prices in SO16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oakley Road, Southampton, SO16 has a total of 338 addresses. According to our analysis of all the public data, Flat 6, Cedar Lodge 72, Southampton is the 207th largest and the 160th most expensive property on the street.
When compared to the postcode district it is £89k less expensive than the average property in SO16.
Flat 6, Cedar Lodge 72, Southampton has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 Mar 2018.
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 6, Cedar Lodge 72, Southampton is Millbrook (Hants) station which is 1.3 kilometres 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 6, Cedar Lodge 72, Southampton, 37.5% of property is privately owned outright and 34.4% 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 6, Cedar Lodge 72, Southampton, 12.8% of residents are recorded as possessing school level qualifications and 34.2% 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 6, Cedar Lodge 72, Southampton, the average age was 38.5 and the most common age was 32.
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 6, Cedar Lodge 72, 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 6, Cedar Lodge 72, Southampton, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.