According to the public record, 152, Mercer Way, Romsey is a mid-century leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Mercer Way, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
152, Mercer Way, Romsey has 41 entries in the Land Registry database, most recently in June 2019 and a single entry in the EPC database dated July 2018.
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 152 Mercer Way Romsey as £154,485 and the rental value as £784 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 152 Mercer Way Romsey has increased by £4,194 (2.7%) and its rental value has increased by £36 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 152, Mercer Way, Romsey is in very good condition we estimate a sale value of £162,210 and rental value of £823 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £143,671 and a rental value of £729 per month.
If you were able to purchase this property for the estimated value of £154,485, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £759 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, 152, Mercer Way, Romsey was last sold on 07 Jun 2019 for £153,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jun 2019, the market for similar properties has risen 15.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 152, Mercer Way, Romsey within a radius of 600 metres over the last 2 years.
The most recent example is Flat 21, Nightingale House, Great Well Drive, Romsey, SO51 7QN, a Leasehold flat which sold for £94,000 in Jan 2023.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mercer Way, Romsey, SO51 has a total of 198 addresses. According to our analysis of all the public data, 152, Mercer Way, Romsey is the 192nd largest and the 180th most expensive property on the street.
When compared to the postcode district it is £342k less expensive than the average property in SO51.
152, Mercer Way, Romsey has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Jul 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 152, Mercer Way, Romsey is Romsey station which is 400 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 152, Mercer Way, Romsey, 57.7% of property is socially rented and 17.9% is privately owned outright.
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 152, Mercer Way, Romsey, 10.7% of residents are recorded as possessing school level qualifications and 23.9% 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 152, Mercer Way, Romsey, the average age was 45.8 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 152, Mercer Way, Romsey, 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 152, Mercer Way, 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.