According to the public record, 54, Drum Road, Eastleigh is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 698 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Drum Road, Eastleigh, SO50 is located in the borough of Eastleigh within the SO50 postal district.
54, Drum Road, Eastleigh has 21 entries in the Land Registry database, most recently in April 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 54 Drum Road Eastleigh as £189,427 and the rental value as £1,104 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 54 Drum Road Eastleigh has increased by £4,838 (2.6%) and its rental value has increased by £62 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 54, Drum Road, Eastleigh is in very good condition we estimate a sale value of £198,898 and rental value of £1,159 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £176,167 and a rental value of £1,027 per month.
If you were able to purchase this property for the estimated value of £189,427, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £931 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 HM Land Registry, 54, Drum Road, Eastleigh was last sold on 13 Apr 2007 for £157,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2007, the market for similar properties has risen 29.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 54, Drum Road, Eastleigh within a radius of 400 metres over the last 2 years.
The most recent example is 73, Stranding Street, Eastleigh, SO50 5GR, a Leasehold flat which sold for £195,000 in Feb 2023.
Read more about house prices in SO50.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Drum Road, Eastleigh, SO50 has a total of 88 addresses. According to our analysis of all the public data, 54, Drum Road, Eastleigh is the 40th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £146k less expensive than the average property in SO50.
The closest station to 54, Drum Road, Eastleigh is Eastleigh station which is 800 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 54, Drum Road, Eastleigh, 42.6% of property is privately rented and 25.9% 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 54, Drum Road, Eastleigh, 22.9% of residents are recorded as possessing school level qualifications and 35.7% 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 54, Drum Road, Eastleigh, the average age was 37.8 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 54, Drum Road, 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 54, Drum Road, Eastleigh, there are an average of 1.2 cars per household.
See below for how this compares to South East and the rest of England & Wales.