4, Cherry Close
4, Cherry Close
Description & Estimates
According to the public record, 4, Cherry Close, Lee-On-The-Solent is a modern leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 4, Cherry Close, Lee-On-The-Solent is £177,141 and the estimated rental value is £1,004 per month.
Cherry Close, Lee-On-The-Solent, PO13 is located in the borough of Gosport within the PO13 postal district.
Our Data Sources
4, Cherry Close, Lee-On-The-Solent has a single entry in the Land Registry from September 2024 and a single entry in the EPC database dated July 2021.
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.
Price Range & Condition
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 4, Cherry Close, Lee-On-The-Solent is in very good condition we estimate a sale value of £185,998 and a rental value of £1,054 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £164,741 and a rental value of £934 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 4, Cherry Close, Lee-On-The-Solent has dropped by £3,469 (2.0%), while its estimated rental value has risen by £33 per month (3.3%). Based on current estimates, the property offers a gross rental yield of 6.8%.
Energy Efficiency
4, Cherry Close, Lee-On-The-Solent has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Jul 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 4, Cherry Close, Lee-On-The-Solent was last sold on 26th September 2024 for £180,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since September 2024, the market for similar properties has dropped by 0.7%.
- Sold Sep 2024£180,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Cherry Close, Lee-On-The-Solent within a radius of 490 metres over the last 2 years.
The most recent example is Flat 24, Berkeley Court 25, Elmore Road, Lee-On-The-Solent, PO13 9AR, a leasehold flat which sold for £157,000 on the 1st November 2023.
Read more about house prices in PO13.
- Sold Nov 2023£157,000 | 3 Bed FlatBerkeley Court 25, Elmore RoadFlat 24, Berkeley Court 25, Elmore Road, Lee-On-The-Solent, PO13 9AR
- Sold Mar 2021£125,000 | 2 Bed FlatCherry Close3, Cherry Close, Lee-On-The-Solent, PO13 9EW
- Sold Nov 2018£85,000 | 2 Bed FlatElmore Road36, Elmore Road, Lee-On-The-Solent, PO13 9DU
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Cherry Close, Lee-On-The-Solent, PO13 has a total of 23 addresses. According to our analysis of all the public data, 4, Cherry Close, Lee-On-The-Solent is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £125k less expensive than the average property in PO13.
More reading links
Schools Nearby
- 200mLee-On-the-Solent Infant and Nursery School
- 300mLee-on-the-Solent Junior School
- 1.6kmAlver Valley Junior School
- 2.4kmKing's Academy Bay House
- 2.7kmKing's Academy Brune Park
- 2.7kmCrofton School
More reading links
Public Transport Nearby
The closest station to 4, Cherry Close, Lee-On-The-Solent is Portsmouth Harbour station, which is 5.9 kilometres away.
- 5.9kmPortsmouth Harbour
- 6.0kmFareham
- 6.7kmSouthsea Hoverport
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
