According to the public record, 116, Somers Way, Eastleigh is a modern freehold house with 723 ft2 of internal area and sits on a 81.8 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Somers Way, Eastleigh, SO50 is located in the borough of Eastleigh within the SO50 postal district.
116, Somers Way, Eastleigh has a single entry in the Land Registry database from August 2014 and a single entry in the EPC database dated February 2010.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 116 Somers Way Eastleigh as £293,041 and the rental value as £1,518 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 116 Somers Way Eastleigh has increased by £7,539 (2.6%) and its rental value has increased by £85 per month (5.6%).
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 116, Somers Way, Eastleigh is in very good condition we estimate a sale value of £307,693 and rental value of £1,594 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £272,528 and a rental value of £1,412 per month.
If you were able to purchase this property for the estimated value of £293,041, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,440 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 116, Somers Way, Eastleigh sits on a plot of 82m2.
We have plot size data on 11 out of 26 other houses in the postcode and 116, Somers Way, Eastleigh sits on the 11th largest plot.
According to HM Land Registry, 116, Somers Way, Eastleigh was last sold on 11 Aug 2014 for £165,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2014, the market for similar properties has risen 40.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 116, Somers Way, Eastleigh within a radius of 650 metres over the last 2 years.
The most recent example is 90, Arnold Road, Eastleigh, SO50 5RR, a Freehold house which sold for £305,000 in Nov 2023.
Read more about house prices in SO50.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somers Way, Eastleigh, SO50 has a total of 102 addresses. According to our analysis of all the public data, 116, Somers Way, Eastleigh is the 66th largest and the 61st most expensive property on the street.
When compared to the postcode district it is £42k less expensive than the average property in SO50.
116, Somers Way, Eastleigh has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Feb 2010.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 116, Somers Way, Eastleigh is Southampton Airport Parkway station which is 900 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 116, Somers Way, Eastleigh, 63.0% of property is socially rented and 21.3% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 116, Somers Way, Eastleigh, 35.1% of residents are recorded as possessing school level qualifications and 30.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 116, Somers Way, Eastleigh, the average age was 36.3 and the most common age was 32.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 116, Somers Way, Eastleigh, 0.6% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 116, Somers Way, Eastleigh, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.