According to the public record, 40, Launceston Drive, Eastleigh is a mid-century freehold house with 1,151 ft2 of internal area and sits on a 255 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Launceston Drive, Eastleigh, SO50 is located in the borough of Eastleigh within the SO50 postal district.
40, Launceston Drive, Eastleigh has 2 entries in the Land Registry database, most recently in May 2022 and a single entry in the EPC database dated October 2022.
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 40 Launceston Drive Eastleigh as £375,845 and the rental value as £1,833 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 40 Launceston Drive Eastleigh has increased by £7,271 (1.9%) and its rental value has increased by £89 per month (4.9%).
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 40, Launceston Drive, Eastleigh is in very good condition we estimate a sale value of £394,637 and rental value of £1,924 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £349,536 and a rental value of £1,704 per month.
If you were able to purchase this property for the estimated value of £375,845, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,847 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, 40, Launceston Drive, Eastleigh sits on a plot of 255m2.
We have plot size data on 17 out of 32 other houses in the postcode and 40, Launceston Drive, Eastleigh sits on the 3rd largest plot.
According to HM Land Registry, 40, Launceston Drive, Eastleigh was last sold on 16 May 2022 for £350,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2022, the market for similar properties has dropped 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Launceston Drive, Eastleigh within a radius of 670 metres over the last 2 years.
The most recent example is 4, Barrington Close, Eastleigh, SO50 4SH, a Freehold house which sold for £315,000 in Sep 2023.
Read more about house prices in SO50.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Launceston Drive, Eastleigh, SO50 has a total of 61 addresses. According to our analysis of all the public data, 40, Launceston Drive, Eastleigh is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £41k more expensive than the average property in SO50.
40, Launceston Drive, Eastleigh has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Oct 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 40, Launceston Drive, Eastleigh is Chandlers Ford station which is 1.5 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 40, Launceston Drive, Eastleigh, 41.8% of property is privately owned outright and 35.2% 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 40, Launceston Drive, Eastleigh, 12.3% of residents are recorded as possessing school level qualifications and 27.3% 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 40, Launceston Drive, Eastleigh, the average age was 40.2 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 40, Launceston Drive, Eastleigh, 0.0% 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 40, Launceston Drive, Eastleigh, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.