According to the public record, 15, Test Mill, Romsey is a Leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 716 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Test Mill, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
15, Test Mill, Romsey has 31 entries in the Land Registry database, most recently in July 2008 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 15 Test Mill Romsey as £299,282 and the rental value as £1,136 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 15 Test Mill Romsey has increased by £9,185 (3.1%) and its rental value has increased by £56 per month (5.0%).
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 15, Test Mill, Romsey is in very good condition we estimate a sale value of £314,246 and rental value of £1,193 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £278,332 and a rental value of £1,056 per month.
If you were able to purchase this property for the estimated value of £299,282, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,471 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, 15, Test Mill, Romsey was last sold on 03 Jul 2008 for £225,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2008, the market for similar properties has risen 32.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Test Mill, Romsey within a radius of 770 metres over the last 2 years.
The most recent example is 10, Test Mill, Romsey, SO51 8EH, a Leasehold flat which sold for £257,500 in Nov 2023.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Test Mill, Romsey, SO51 has a total of 15 addresses. According to our analysis of all the public data, 15, Test Mill, Romsey is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £197k less expensive than the average property in SO51.
The closest station to 15, Test Mill, Romsey is Romsey 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 15, Test Mill, 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 15, Test Mill, 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 15, Test Mill, 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 15, Test Mill, 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 15, Test Mill, 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.