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According to the public record, 1, Mill Road, Fareham is a modern leasehold apartment with 365 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 1, Mill Road, Fareham is £119,843 and the estimated rental value is £707 per month.
Mill Road, Fareham, PO16 is located in the borough of Fareham within the PO16 postal district.
1, Mill Road, Fareham has a single entry in the Land Registry from May 2020 and a single entry in the EPC database dated February 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 1, Mill Road, Fareham is in very good condition we estimate a sale value of £125,836 and a rental value of £742 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £111,454 and a rental value of £657 per month.
Over the last 12 months the sale value of 1 Mill Road Fareham has decreased by an estimated £1,792 (1.5%) and its rental value has increased by an estimated £22 per month (3.2%), giving an expected gross yield of 7.1%.
1, Mill Road, Fareham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Feb 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
According to HM Land Registry, 1, Mill Road, Fareham was last sold on 29th May 2020 for £115,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2020, the market for similar properties has risen 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Mill Road, Fareham within a radius of 610 metres over the last 2 years.
The most recent example is 130A, West Street, Fareham, PO16 0EL, a leasehold flat which sold for £800,000 on the 18th March 2024.
Read more about house prices in PO16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Road, Fareham, PO16 has a total of 90 addresses. According to our analysis of all the public data, 1, Mill Road, Fareham is the 88th largest and the 88th most expensive property on the street.
When compared to the postcode district it is £224k less expensive than the average property in PO16.
The closest station to 1, Mill Road, Fareham is Fareham station which is 900 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 1, Mill Road, Fareham, 51.7% of property is privately owned outright and 30.3% is privately owned with a mortgage.
The graph below shows how this compares to South East 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 1, Mill Road, Fareham, 12.2% of residents are recorded as possessing school level qualifications and 29.3% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Mill Road, Fareham, the average age was 44.9 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 1, Mill Road, 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 1, Mill Road, Fareham, 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.