According to the public record, Flat 6, Marchesi Court, Fareham is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 412 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Marchesi Court, Foster Close, Fareham, PO14.
Foster Close, Fareham, PO14 is located in the borough of Fareham within the PO14 postal district.
Flat 6, Marchesi Court, Fareham has a single entry in the Land Registry database from April 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 Marchesi Court Fareham as £112,998 and the rental value as £693 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of Flat 6 Marchesi Court Fareham has increased by £3,122 (2.8%) and its rental value has increased by £46 per month (6.7%).
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 6, Marchesi Court, Fareham is in very good condition we estimate a sale value of £118,648 and rental value of £728 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £105,088 and a rental value of £644 per month.
If you were able to purchase this property for the estimated value of £112,998, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £555 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, Marchesi Court, Fareham was last sold on 30 Apr 2007 for £71,150 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2007, the market for similar properties has risen 43.7%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 690 metres radius of Flat 6, Marchesi Court, Fareham over the last 2 years.
The most recent example is Flat 15, Marchesi Court, Foster Close, Fareham, PO14 2HU, a Leasehold flat which sold for £142,000 in Oct 2019.
Read more about house prices in PO14.
Our network of Estate Agents report 1 let within a 690 metres radius of Flat 6, Marchesi Court, Fareham over the last 2 years.
Most recently 214, Old Street, Fareham, PO14 3HG, a Freehold house let by GS Homes in Sep 2023.
Foster Close, Fareham, PO14 has a total of 59 addresses. According to our analysis of all the public data, Flat 6, Marchesi Court, Fareham is the 59th largest and the 51st most expensive property on the street.
When compared to the postcode district it is £277k less expensive than the average property in PO14.
The closest station to Flat 6, Marchesi Court, Fareham is Fareham station which is 2.9 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, Marchesi Court, Fareham, 51.3% of property is socially rented and 18.6% 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 6, Marchesi Court, Fareham, 18.1% of residents are recorded as possessing school level qualifications and 22.3% 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, Marchesi Court, Fareham, the average age was 48.1 and the most common age was 72.
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, Marchesi Court, Fareham, 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, Marchesi Court, Fareham, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.