According to the public record, Flat 63, Mitchell House, Eastleigh is a modern leasehold apartment with 333 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Mitchell House, Southampton Road, Eastleigh, SO50.
Southampton Road, Eastleigh, SO50 is located in the borough of Eastleigh within the SO50 postal district.
Flat 63, Mitchell House, Eastleigh has a single entry in the Land Registry database from June 2020 and a single entry in the EPC database dated March 2020.
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 good condition, we estimate the current sale value for Flat 63 Mitchell House Eastleigh as £145,899 and the rental value as £848 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 63 Mitchell House Eastleigh has increased by £3,776 (2.6%) and its rental value has increased by £48 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 63, Mitchell House, Eastleigh is in very good condition we estimate a sale value of £153,194 and rental value of £890 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £135,686 and a rental value of £789 per month.
If you were able to purchase this property for the estimated value of £145,899, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £717 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 63, Mitchell House, Eastleigh was last sold on 22 Jun 2020 for £153,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2020, the market for similar properties has risen 10.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 63, Mitchell House, Eastleigh within a radius of 580 metres over the last 2 years.
The most recent example is Flat 5, Mitchell House, Southampton Road, Eastleigh, SO50 9SD, a Leasehold flat which sold for £137,500 in Oct 2021.
Read more about house prices in SO50.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Southampton Road, Eastleigh, SO50 has a total of 321 addresses. According to our analysis of all the public data, Flat 63, Mitchell House, Eastleigh is the 295th largest and the 278th most expensive property on the street.
When compared to the postcode district it is £189k less expensive than the average property in SO50.
Flat 63, Mitchell House, Eastleigh has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Mar 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using an electric boiler and radiators.
The closest station to Flat 63, Mitchell House, Eastleigh is Eastleigh station which is 100 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 63, Mitchell House, Eastleigh, 57.9% of property is privately rented and 18.2% 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 63, Mitchell House, Eastleigh, 14.9% of residents are recorded as possessing school level qualifications and 32.7% 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 63, Mitchell House, Eastleigh, the average age was 37.8 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 63, Mitchell House, Eastleigh, 1.4% 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 63, Mitchell House, Eastleigh, 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.