# 2 bedroom apartment for sale (SO14 3HL)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 18, CITY COURT, 15, LOWER CANAL WALK, SOUTHAMPTON, SOUTHAMPTON SO14 3HL |
| Price | £240,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Council tax | C |
| Last sold | £235,000 Aug 2025 |

## 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

## Property Photos

- ![Photo 9](/listings/photos/159512021/685676) - Photo 9
- ![Photo 8](/listings/photos/159512021/685677) - Photo 8
- ![Photo 10](/listings/photos/159512021/685681) - Photo 10
- ![Photo 11](/listings/photos/159512021/685682) - Photo 11
- ![Photo 23](/listings/photos/159512021/685688) - Photo 23
- ![Photo 1](/listings/photos/159512021/685692) - Photo 1
- ![Photo 13](/listings/photos/159512021/685697) - Photo 13
- ![Photo 14](/listings/photos/159512021/685703) - Photo 14
- ![Photo 15](/listings/photos/159512021/685711) - Photo 15
- ![Photo 12](/listings/photos/159512021/685712) - Photo 12
- ![Photo 18](/listings/photos/159512021/685714) - Photo 18
- ![Photo 19](/listings/photos/159512021/685715) - Photo 19
- ![Photo 22](/listings/photos/159512021/685717) - Photo 22
- ![Photo 21](/listings/photos/159512021/685719) - Photo 21
- ![Photo 7](/listings/photos/159512021/685720) - Photo 7
- ![Photo 20](/listings/photos/159512021/685721) - Photo 20
- ![Photo 16](/listings/photos/159512021/685723) - Photo 16
- ![Photo 17](/listings/photos/159512021/685725) - Photo 17
- ![Photo 4](/listings/photos/159512021/685726) - Photo 4
- ![Photo 6](/listings/photos/159512021/685728) - Photo 6
- ![Photo 5](/listings/photos/159512021/685729) - Photo 5
- ![Photo 3](/listings/photos/159512021/685730) - Photo 3
- ![Photo 2](/listings/photos/159512021/685731) - Photo 2

## Floorplans

- ![Floorplan 1](/listings/photos/159512021/685732) - Floorplan 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| CITY COURT, 15 FLAT 18 LOWER CANAL WALK, SOUTHAMPTON, SO14 3HL | £235,000 | 22/08/2025 | Flat |
| CITY COURT, 15 FLAT 18 LOWER CANAL WALK, SOUTHAMPTON, SO14 3HL | £195,000 | 14/12/2018 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| 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)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £178,056 (40 Flat, SO14, 2024–2026)
- **Deviation:** +34.8%

## Rental Range

*ONS Price Index of Private Rents (Southampton). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,123/mo
- **Realistic:** £1,248/mo
- **Optimistic:** £1,373/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Southampton (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £873/mo

## 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)**

## 1% Rule

- **Rent ratio:** 1.07% (strong)
- **Max investor price (0.8%):** £321,875
- **Target investor price (1%):** £257,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £2,575/mo).*

- **Gross yield:** 12.9%
- **Cost-to-rent:** 7.8×
- **Monthly cashflow:** £1,347/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 23.2%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).*

## Capital growth trend

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

- **5y growth:** -17.1%
- **10y growth:** 7.9%

## House Price Index (HM Land Registry)

*Official index for Southampton; Flats and maisonettes series; as of March 2026.*

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

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)