5, Cherry Close
5, Cherry Close
Description & Estimates
According to the public record, 5, Cherry Close, Lee-On-The-Solent is a modern leasehold apartment with 634 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 5, Cherry Close, Lee-On-The-Solent is £169,053 and the estimated rental value is £992 per month.
Cherry Close, Lee-On-The-Solent, PO13 is located in the borough of Gosport within the PO13 postal district.
Our Data Sources
5, Cherry Close, Lee-On-The-Solent has a single entry in the Land Registry from August 2012 and a single entry in the EPC database dated November 2011.
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 5, Cherry Close, Lee-On-The-Solent is in very good condition we estimate a sale value of £177,505 and a rental value of £1,042 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £157,219 and a rental value of £923 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 5, Cherry Close, Lee-On-The-Solent has moved down by £3,310 (2.0%), while its estimated rental value has increased by £33 per month (3.3%). Based on current estimates, the property offers a gross rental yield of 7.0%.
Energy Efficiency
5, Cherry Close, Lee-On-The-Solent has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Nov 2011.
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, 5, Cherry Close, Lee-On-The-Solent was last sold on 3rd August 2012 for £60,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since August 2012, the market for similar properties has risen by 59.1%.
- Sold Aug 2012£60,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Cherry Close, Lee-On-The-Solent within a radius of 490 metres over the last 2 years.
The most recent example is 4, Cherry Close, Lee-On-The-Solent, PO13 9EW, a leasehold flat which sold for £180,000 on the 26th September 2024.
Read more about house prices in PO13.
•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, 5, Cherry Close, Lee-On-The-Solent is the 19th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £133k 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 5, 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.
