55, Somers Way, Eastleigh has a single entry in the Land Registry database from June 2011 and a single entry in the EPC database dated June 2011.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
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 55, Somers Way, Eastleigh is in very good condition we estimate a sale value of £214,671 and rental value of £1,144 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £190,137 and a rental value of £1,013 per month.
If you were able to purchase this property for the estimated value of £204,449, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,005 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, 55, Somers Way, Eastleigh was last sold on 30 Jun 2011 for £154,995 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2011, the market for similar properties has risen 41.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55, Somers Way, Eastleigh within a radius of 710 metres over the last 2 years.
The most recent example is 39, Somers Way, Eastleigh, SO50 5TQ, a Leasehold flat which sold for £218,000 in Oct 2022.
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, 55, Somers Way, Eastleigh is the 87th largest and the 93rd most expensive property on the street.
When compared to the postcode district it is £130k less expensive than the average property in SO50.
55, Somers Way, Eastleigh has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Jun 2011.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
According to the public record, 55, Somers Way, Eastleigh is a modern leasehold apartment with 675 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Somers Way, Eastleigh, SO50 is located in the borough of Eastleigh within the SO50 postal district.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 55 Somers Way Eastleigh as £204,449 and the rental value as £1,089 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 55 Somers Way Eastleigh has increased by £5,363 (2.6%) and its rental value has increased by £61 per month (5.6%).
The closest station to 55, 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 55, 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 55, 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 55, 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 55, 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 55, 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.