Lee-on-the-Solent

Area Guide For Lee-on-the-Solent

Lee-on-the-Solent, often referred to as Lee-on-Solent, is a small seaside town in Hampshire, England about five miles (8 km) west of Portsmouth. The town is located on the coast of the Solent and forms part of the borough of Gosport. It is primarily a sleepy residential area, with an upsurge of mostly local visitors in summer, but is well known as home to the Royal Naval Air Station HMS Daedalus (renamed as HMS Ariel from 1959 to 1965). The village gained its name in the 19th century, during attempts to develop the area in to a seaside resort. The area had been referenced long before this, referred to as Lee and numerous variations, including Lebritan. Early impetus for the town's development came from Charles Edmund Newton Robinson, who persuaded his father, John Charles Robinson, art curator and collector, to fund the buying of land. Over the period 1884 to 1894 the town was established with the setting out of Marine Parade, a pier, railway connection along with a number of impressive red brick villas. The railway service was discontinued in the 1930s and the pier, unrepaired after breaching in aid of coastal defence in World War II, was demolished in 1958.

 
 

Lee-on-the-Solent Map

Estimated Price: £291,658
Average Asking Price: £261,558
Price change in last one year: £31,500
Average Price Paid: £233,701
Average Rent Rates: £999

 
 

Property Prices Breakdown in Lee-on-the-Solent

Average Price for property in Lee-on-the-Solent is around £291,658 which varies based on type of property you are interested in and ranges from £353,818 for detached house to around £213,513 for semi-detached. Similarly terraced house is around £176,625 and a flat is worth £160,086. Values have been changing and have risen £5,504 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £14,550 in last 6 months, £31,500 in last 1 year, £42,016 in last 2 years, £39,287 in last 3 years, £46,749 in last 4 years and £39,570 in last 5 years.

Currently average asking price of a property in Lee-on-the-Solent is around £261,558 based on approximately 230 properties for sale. Same is the case with rental options based on 14 properties up for rent, average asking rent is around £999 per month.

Estimated property value in Lee-on-the-Solent is £291,658. Average asking price is £261,558 while average price paid is £241,253 which is up by £31,500 and Avg. asking rent £999.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Lee-on-the-Solent area. In last 1 year alone average price buyer paid is around £241,253 based on approximately 230 sales in Lee-on-the-Solent area alone. If you compare it to last 3 years sales of 633 properties where buyers paid around £239,050. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £233,701 for 1,001 and average amount paid for purchase of approx. 1,411 properties sold in last 7 years comes to about £234,727 per sale.

 
 

Properties For Sale in Lee-on-the-Solent

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £132,289, £198,950 for a 2 bedroom house, £258,189 for a 3 bedroom house, £371,200 for a 4 bedroom house and £470,000 for a 5 bedroom house. For a flat similarly the prices varies from £169,579 for a single bedroom to £206,143 for a 2 bedroom Flat. Same is the case with 4 bedroom flat £499,995. To sum up the asking prices for properties in Lee-on-the-Solent it comes to around average £150,934 for 1 bedroom property, £202,546 for 2 bedroom, £258,189 for 3 bedroom, £392,665 for 4 bedroom and £470,000 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £624 for 1 bedroom to £714 for 2 bedrooms, £1,148 for 3 bedrooms, £1,599 for 4 bedrooms and £1,166 for 5 bedrooms house. But if you are interested in renting a 2 bedroom flat then rent per month can be around £737. You should be generally be expecting around average £624 rent per month for single bedroom property, £727 for 2 bedroom, £1,148 for 3 bedroom, £1,599 for 4 bedroom and approximately £1,166 for a 5 bedroom property in Lee-on-the-Solent area.

Popular Houses in Lee-on-the-Solent

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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