SO40 2LZ is a residential postcode situated on Romsey Road, Cadnam, Southampton, SO40 with 3 addresses.
It ranks as the 39th largest and 44th most expensive of the 974 postcodes in the SO40 area.
The postcode contains a total of 3 properties: 1 house and 2 flats.
SO40 2LZ is a residential postcode situated on Romsey Road, Cadnam, Southampton, SO40 with 3 addresses.
It ranks as the 39th largest and 44th most expensive of the 974 postcodes in the SO40 area.
The postcode contains a total of 3 properties: 1 house and 2 flats.
Sale prices range from £183,499 for 2 bedroom leasehold flats (570 ft2) to £946,704 for 5 bedroom freehold houses with a garden (2,960 ft2) .
Monthly rental prices range from £830 pcm for 2 bed flats to £2,370 pcm for 5 bed houses.
The gross rental yield is between 3.0% and 5.4%.
The average value per square foot is £322.
The last sale in SO40 2LZ sold for £465,000 on 4th February 2005. Since then prices are down an average of 0.0%.
The current average value in the postcode is £437,901.
The SO40 2LZ Sales Market has increased by 17.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.3% | £437,901 |
| April 2025 | -1.2% | £452,800 |
| April 2024 | -1.2% | £458,112 |
| April 2023 | 1.8% | £463,541 |
| April 2022 | 9.7% | £455,246 |
| April 2021 | 6% | £414,906 |
| April 2020 | 0.4% | £391,285 |
| April 2019 | 0% | £389,693 |
| April 2018 | 0.7% | £389,703 |
| April 2017 | 4.1% | £386,953 |
| April 2016 | 9.2% | £371,543 |
| April 2015 | 7.6% | £340,141 |
| April 2014 | 5% | £316,072 |
| April 2013 | 2.6% | £300,982 |
| April 2012 | -0.8% | £293,263 |
| April 2011 | 2.9% | £295,653 |
| April 2010 | 6.9% | £287,442 |
| April 2009 | -11% | £268,911 |
| April 2008 | 2.6% | £302,230 |
| April 2007 | 0% | £294,570 |
The current average rental value in the postcode is £1,344.
The SO40 2LZ Rental Market has increased by 39.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2% | £1,344pcm |
| April 2025 | 5% | £1,317pcm |
| April 2024 | 4.7% | £1,255pcm |
| April 2023 | 9.8% | £1,199pcm |
| April 2022 | 8% | £1,091pcm |
| April 2021 | 1.2% | £1,010pcm |
| April 2020 | 3.9% | £999pcm |
| April 2019 | -2.1% | £961pcm |
| April 2018 | 1.4% | £982pcm |
| April 2017 | 0.3% | £968pcm |
| April 2016 | 0.8% | £965pcm |
| April 2015 | 7.3% | £957pcm |
| April 2014 | 1.3% | £893pcm |
| April 2013 | 5.3% | £881pcm |
| April 2012 | 0.8% | £836pcm |
| April 2011 | 5.1% | £830pcm |
| April 2010 | 1.6% | £790pcm |
| April 2009 | -0.3% | £778pcm |
| April 2008 | 2.9% | £780pcm |
| April 2007 | 0% | £758pcm |
The last sale was on 4th February 2005 for £465,000 and since then the market in the area has remained stable. The postcode has had a total of 3 sales since 1995.
SO40 2LZ has seen no sales in the last three years and no sales in the last twelve months.
SO40 2LZ is the 39th largest and the 44th most expensive postcode out of the 974 postcodes in the SO40 area.
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The closest station to SO40 2LZ is Ashurst New Forest station which is 5.2 kilometres away.
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