Sold STC Flat

FLAT 18

CITY COURT, 15, LOWER CANAL WALK, SOUTHAMPTON, SOUTHAMPTON SO14 3HL

2 beds 2 baths 743 sq ft Listed 17 Mar 2025 (-462d)

£240,000

Guide Price

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Property details

Tenure

LEASEHOLD (133 years remaining on lease)

Floor area

69 m²

Council tax band

C

EPC rating

C

Year built

England and Wales: 2003-2006

Last sold

£235,000 Aug 2025

Price per m²

£3,478/m²

Local average

£178,056 (+34.8%)

Deprivation

Decile 6 (19,410 of 33,755)

Street crime

743 incidents within 1 mile (Apr 2026)

Key features

  • Tenure: Leasehold (133 years remaining)
  • Guide Price From £240,000 - £250,000
  • Stunning Modern City Apartment
  • Refurbished throughout to a high standard
  • New Kitchen with fitted appliances
  • New Bathroom
  • New Ensuite Shower Room
  • Private Balcony
  • Gated Allocated Parking
  • Two Communal Roof Terraces

Additional details

Parking
Yes

Description

Jackson Bailey are delighted to present this stunning 3rd floor, two bedroom City Centre apartment offering an array of attractive features, these include the convenience of its location, the two large communal roof terraces boasting water and city views, a private balcony accessible from the living space and master bedroom, a modern kitchen with fitted appliances, a modern refitted bathroom, a modern refitted ensuite shower room, two generous hallway storage cupboards and a well proportioned lounge/diner.

This apartment has been upgraded to a very high standard by the existing owners, making it ready to move into. The building also boasts lift access to all floors, bicycle storage and undercroft secure gated parking where this property has an allocated space. Guide Price From £240,000 - £250,000.

Service Charge £2100 per year | Ground Rent £275.00 per year | Lease Remaining 133 Years.



EPC Rating: C

Listed by

Botley

Jackson Bailey Ltd

Reference: 159512021

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: B

Inspection date: 15/10/2024

Expiry date: 14/10/2034

Current heating cost: £224/year

Potential heating cost: £134/year

Est. upgrade cost to C: £2,155

Recommendations

  • High heat retention storage heaters (£1,200 - £1,800)
  • Heat recovery system for mixer showers (£585 - £725)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Floorplan 1

Price history

21% since 2018

Event Date Price % change
Sold 22/08/2025 (10 months ago) £235,000 +20.5%
Sold 14/12/2018 (7 years ago) £195,000 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
OCEANA BOULEVARD FLAT 62 BRITON STREET, SOUTHAMPTON, SO14 3HU £105,000 20/12/2023 Flat
OCEANA BOULEVARD FLAT 53 BRITON STREET, SOUTHAMPTON, SO14 3HU £97,000 18/12/2023 Flat
OCEANA BOULEVARD FLAT 179 LOWER CANAL WALK, SOUTHAMPTON, SO14 3JG £87,500 15/12/2023 Flat
OCEANA BOULEVARD FLAT 233 LOWER CANAL WALK, SOUTHAMPTON, SO14 3JG £95,000 24/11/2023 Flat
OCEANA BOULEVARD FLAT 258 LOWER CANAL WALK, SOUTHAMPTON, SO14 3JG £122,000 17/11/2023 Flat
COOPERS COURT, 4 FLAT 17 BRITON STREET, SOUTHAMPTON, SO14 3EN £213,000 06/10/2023 Flat
Same street CITY COURT, 15 FLAT 20 LOWER CANAL WALK, SOUTHAMPTON, SO14 3HL £200,000 07/07/2023 Flat
Same street CITY COURT, 15 FLAT 6 LOWER CANAL WALK, SOUTHAMPTON, SO14 3HL £205,000 16/11/2022 Flat
ADMIRALS WHARF, 7 FLAT 19 LOWER CANAL WALK, SOUTHAMPTON, SO14 3JQ £235,000 31/10/2022 Flat
ADMIRALS WHARF, 7 FLAT 21 LOWER CANAL WALK, SOUTHAMPTON, SO14 3JQ £185,000 30/09/2022 Flat
Same street CITY COURT, 15 FLAT 33 LOWER CANAL WALK, SOUTHAMPTON, SO14 3HL £165,000 12/08/2022 Flat
6 FLAT 3 BRITON STREET, SOUTHAMPTON, SO14 3ES £201,000 04/07/2022 Flat
ADMIRALS WHARF, 7 FLAT 11 LOWER CANAL WALK, SOUTHAMPTON, SO14 3JQ £142,000 30/06/2022 Flat
OCEANA BOULEVARD FLAT 202 LOWER CANAL WALK, SOUTHAMPTON, SO14 3JG £93,000 30/06/2022 Flat
6 FLAT 9 BRITON STREET, SOUTHAMPTON, SO14 3ES £70,000 16/06/2022 Flat
Same street CITY COURT, 15 FLAT 7 LOWER CANAL WALK, SOUTHAMPTON, SO14 3HL £165,000 30/05/2022 Flat
Same street CITY COURT, 15 FLAT 25 LOWER CANAL WALK, SOUTHAMPTON, SO14 3HL £168,000 27/05/2022 Flat
Same street CITY COURT, 15 FLAT 24 LOWER CANAL WALK, SOUTHAMPTON, SO14 3HL £195,000 23/05/2022 Flat
Same street CITY COURT, 15 FLAT 14 LOWER CANAL WALK, SOUTHAMPTON, SO14 3HL £177,000 06/05/2022 Flat
Same street CITY COURT, 15 FLAT 29 LOWER CANAL WALK, SOUTHAMPTON, SO14 3HL £188,000 27/01/2022 Flat
Same street CITY COURT, 15 FLAT 37 LOWER CANAL WALK, SOUTHAMPTON, SO14 3HL £265,000 11/01/2022 Flat
COOPERS COURT, 4 FLAT 1 BRITON STREET, SOUTHAMPTON, SO14 3EN £135,000 03/12/2021 Flat
OCEANA BOULEVARD FLAT 147 ORCHARD PLACE, SOUTHAMPTON, SO14 3HW £315,000 08/11/2021 Flat
Same street CITY COURT, 15 FLAT 5 LOWER CANAL WALK, SOUTHAMPTON, SO14 3HL £165,000 29/10/2021 Flat
Same street CITY COURT, 15 FLAT 26 LOWER CANAL WALK, SOUTHAMPTON, SO14 3HL £200,000 22/10/2021 Flat
Same street CITY COURT, 15 FLAT 30 LOWER CANAL WALK, SOUTHAMPTON, SO14 3HL £180,000 14/09/2021 Flat
6 FLAT 2 BRITON STREET, SOUTHAMPTON, SO14 3ES £135,000 26/08/2021 Flat
ADMIRALS WHARF, 7 FLAT 7 LOWER CANAL WALK, SOUTHAMPTON, SO14 3JQ £185,000 13/08/2021 Flat
COOPERS COURT, 4 FLAT 16 BRITON STREET, SOUTHAMPTON, SO14 3EN £188,000 15/07/2021 Flat

Street average: £189,417 (12 sales)

Area average: £153,147 (17 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -17.1%
10y growth 7.9%

House Price Index (HM Land Registry — official index, not sold-price averages): Southampton. Series: Flats and maisonettes. As of March 2026.

1y (index) -4.2%
5y (index) 2.6%
10y (index) 17%

Rental Range

Estimated market rent for Southampton. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,123/mo
Realistic £1,248/mo
Optimistic £1,373/mo

Based on Local Authority from postcode lookup → Southampton.

LHA (30th percentile) floor for Southampton: £873/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View SO14 3HL

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Briton Street 0.0 miles
Shop Al Prestige Cars Ltd 0.0 miles
Shop The Co-operative Food 0.1 miles
Train station Southampton Central 0.9 miles
Hospital Royal South Hants Urgent Treatment Centre 1.1 miles
Train station Woolston 1.1 miles
University Boldrewood Innovation Campus 2.7 miles
University South Academic Block 2.8 miles

Street-level crime

Category Count
Violence and sexual offences 248
Shoplifting 119
Anti-social behaviour 79
Drugs 74
Public order 68
Criminal damage and arson 44
Other theft 44
Vehicle crime 18
Burglary 15
Bicycle theft 11
Possession of weapons 8
Other crime 7
Robbery 7
Theft from the person 1
Total incidents 743

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
St John's Primary and Nursery School Primary 0.1 miles Requires improvement — 24 Nov 2022
Hope Community School Southampton Primary 0.4 miles Good — 3 Apr 2022
St Mary's Church of England Primary School & Nursery Primary 0.6 miles Outstanding — 20 Nov 2023
Southampton Solent University Other 0.7 miles — (No rating)
The Polygon School Other 1.0 miles Good — 12 Jan 2017

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Flat, Oceana Boulevard, SO14 £1,350/mo 2 0.05 miles OpenRent
2 Bed Flat, Old Post Office, SO14 £1,400/mo 2 0.1 miles OpenRent
2 Bed Flat, Southampton, SO14 £1,495/mo 2 0.1 miles OpenRent
2 Bed Flat, Empress Heights, SO14 £2,700/mo 2 0.26 miles OpenRent
2 Bed Flat, Empress Heights, SO14 £2,700/mo 2 0.26 miles OpenRent
2 Bed Flat, Empress Heights, SO14 £2,700/mo 2 0.26 miles OpenRent
2 Bed Flat, Atlantic Mansions, SO14 £2,450/mo 2 0.45 miles OpenRent
2 Bed Flat, Atlantic Mansions, SO14 £2,700/mo 2 0.45 miles OpenRent

Average rent: £2,187/mo (8 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 1.07%
Max investor price (0.8%) £321,875
Target investor price (1%) £257,500
Gross yield 12.9%
Cost-to-rent ratio 7.8×
Monthly cashflow £1,347/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 23.2%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).