According to the public record, 12, Mill Lane, Romsey is a period freehold house with 581 ft2 of internal area and sits on a 115 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mill Lane, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
12, Mill Lane, Romsey has 71 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated July 2019.
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 12 Mill Lane Romsey as £379,231 and the rental value as £1,296 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of 12 Mill Lane Romsey has increased by £10,156 (2.7%) and its rental value has increased by £59 per month (4.6%).
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 12, Mill Lane, Romsey is in very good condition we estimate a sale value of £398,192 and rental value of £1,361 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £352,685 and a rental value of £1,205 per month.
If you were able to purchase this property for the estimated value of £379,231, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,864 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, 12, Mill Lane, Romsey sits on a plot of 115m2.
We have plot size data on 12 out of 15 other houses in the postcode and 12, Mill Lane, Romsey sits on the 7th largest plot.
According to HM Land Registry, 12, Mill Lane, Romsey was last sold on 05 Nov 2021 for £355,000 and was recorded as a freehold house.
The property has had 7 sales since 1995.
Since Nov 2021, the market for similar properties has risen 1.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Mill Lane, Romsey within a radius of 610 metres over the last 2 years.
The most recent example is 9 Holbrook Place, Portersbridge Street, Romsey, SO51 8DH, a Freehold house which sold for £371,500 in Nov 2023.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Lane, Romsey, SO51 has a total of 98 addresses. According to our analysis of all the public data, 12, Mill Lane, Romsey is the 77th largest and the 56th most expensive property on the street.
When compared to the postcode district it is £117k less expensive than the average property in SO51.
12, Mill Lane, Romsey has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Jul 2019.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 12, Mill Lane, Romsey is Romsey station which is 600 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 12, Mill Lane, Romsey, 38.6% of property is privately owned outright and 31.1% is socially rented.
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 12, Mill Lane, Romsey, 13.8% of residents are recorded as possessing school level qualifications and 30.6% 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 12, Mill Lane, Romsey, the average age was 51.2 and the most common age was 72.
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 12, Mill Lane, Romsey, 0.5% 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 12, Mill Lane, Romsey, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.