According to the public record, 2, Velmore Road, Eastleigh is a early-century freehold house with 2,023 ft2 of internal area and sits on a 883 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Velmore Road, Chandler's Ford, Eastleigh, SO53 is located in the borough of Eastleigh within the SO53 postal district.
2, Velmore Road, Eastleigh has 2 entries in the Land Registry database, most recently in December 2015 and a single entry in the EPC database dated July 2012.
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 2 Velmore Road Eastleigh as £916,551 and the rental value as £2,207 per month giving an expected gross yield of 2.9%.
Over the last 12 months the sale value of 2 Velmore Road Eastleigh has increased by £15,689 (1.7%) and its rental value has increased by £80 per month (3.6%).
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 2, Velmore Road, Eastleigh is in very good condition we estimate a sale value of £962,378 and rental value of £2,317 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £852,392 and a rental value of £2,052 per month.
If you were able to purchase this property for the estimated value of £916,551, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,505 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, 2, Velmore Road, Eastleigh sits on a plot of 883m2.
We have plot size data on 8 out of 17 other houses in the postcode and 2, Velmore Road, Eastleigh sits on the 8th largest plot.
According to HM Land Registry, 2, Velmore Road, Eastleigh was last sold on 10 Dec 2015 for £650,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2015, the market for similar properties has risen 32.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Velmore Road, Eastleigh within a radius of 670 metres over the last 2 years.
The most recent example is 238, Bournemouth Road, Eastleigh, SO53 3HB, a Freehold house which sold for £712,000 in Jun 2021.
Read more about house prices in SO53.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Velmore Road, Chandler's Ford, Eastleigh, SO53 has a total of 34 addresses. According to our analysis of all the public data, 2, Velmore Road, Eastleigh is the 3rd largest and the most expensive property on the street.
When compared to the postcode district it is £441k more expensive than the average property in SO53.
2, Velmore Road, Eastleigh has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Jul 2012.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to 2, Velmore Road, Eastleigh is Chandlers Ford station which is 1.2 kilometres 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 2, Velmore Road, Eastleigh, 45.4% of property is privately owned outright and 43.9% 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 2, Velmore Road, Eastleigh, 19.9% of residents are recorded as possessing school level qualifications and 41.2% 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 2, Velmore Road, Eastleigh, the average age was 45.9 and the most common age was 72.
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 2, Velmore Road, Eastleigh, 2.5% 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 2, Velmore Road, Eastleigh, there are an average of 1.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.