According to the public record, 40, Sovereign Way, Eastleigh is a modern freehold house with 1,819 ft2 of internal area and sits on a 582 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Sovereign Way, Eastleigh, SO50 is located in the borough of Eastleigh within the SO50 postal district.
40, Sovereign Way, Eastleigh has a single entry in the Land Registry database from July 2023 and a single entry in the EPC database dated March 2023.
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 Sovereign Way Eastleigh as £646,199 and the rental value as £2,384 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 40 Sovereign Way Eastleigh has increased by £7,262 (1.1%) and its rental value has increased by £92 per month (3.8%).
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, Sovereign Way, Eastleigh is in very good condition we estimate a sale value of £678,509 and rental value of £2,503 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £600,965 and a rental value of £2,217 per month.
If you were able to purchase this property for the estimated value of £646,199, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,176 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, Sovereign Way, Eastleigh sits on a plot of 582m2.
We have plot size data on 26 out of 53 other houses in the postcode and 40, Sovereign Way, Eastleigh sits on the 4th largest plot.
According to HM Land Registry, 40, Sovereign Way, Eastleigh was last sold on 14 Jul 2023 for £650,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2023, the market for similar properties has risen 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Sovereign Way, Eastleigh within a radius of 660 metres over the last 2 years.
The most recent example is 12, Hazelwood Grove, Eastleigh, SO50 4DH, a Freehold house which sold for £560,000 in Apr 2020.
Read more about house prices in SO50.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sovereign Way, Eastleigh, SO50 has a total of 53 addresses. According to our analysis of all the public data, 40, Sovereign Way, Eastleigh is the 3rd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £311k more expensive than the average property in SO50.
40, Sovereign Way, Eastleigh has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Mar 2023.
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, Sovereign Way, Eastleigh is Chandlers Ford station which is 1.7 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, Sovereign Way, Eastleigh, 63.3% of property is privately owned outright and 32.5% 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, Sovereign Way, Eastleigh, 18.2% of residents are recorded as possessing school level qualifications and 33.9% 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, Sovereign Way, Eastleigh, the average age was 43.6 and the most common age was 37.
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, Sovereign Way, Eastleigh, 0.3% 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, Sovereign Way, 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.