According to the public record, 16, Richmond Lane, Romsey is a mid-century freehold house with 947 ft2 of internal area and sits on a 576 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Richmond Lane, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
16, Richmond Lane, Romsey has a single entry in the Land Registry database from August 2015 and a single entry in the EPC database dated February 2015.
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 16 Richmond Lane Romsey as £425,932 and the rental value as £1,661 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 16 Richmond Lane Romsey has increased by £11,060 (2.6%) and its rental value has increased by £74 per month (4.5%).
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 16, Richmond Lane, Romsey is in very good condition we estimate a sale value of £447,228 and rental value of £1,744 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £396,117 and a rental value of £1,544 per month.
If you were able to purchase this property for the estimated value of £425,932, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,093 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, 16, Richmond Lane, Romsey sits on a plot of 576m2.
We have plot size data on 6 out of 9 other houses in the postcode and 16, Richmond Lane, Romsey sits on the 5th largest plot.
According to HM Land Registry, 16, Richmond Lane, Romsey was last sold on 06 Aug 2015 for £410,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2015, the market for similar properties has risen 30.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Richmond Lane, Romsey within a radius of 690 metres over the last 2 years.
The most recent example is 80, Cupernham Lane, Romsey, SO51 7LF, a Freehold house which sold for £365,000 in Sep 2023.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richmond Lane, Romsey, SO51 has a total of 27 addresses. According to our analysis of all the public data, 16, Richmond Lane, Romsey is the 26th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £70k less expensive than the average property in SO51.
16, Richmond Lane, Romsey has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 17 Feb 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using warm air.
The closest station to 16, Richmond Lane, Romsey is Romsey station which is 1.0 kilometres 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 16, Richmond Lane, Romsey, 65.5% of property is privately owned outright and 27.6% 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 16, Richmond Lane, Romsey, 15.8% of residents are recorded as possessing school level qualifications and 51.3% 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 16, Richmond Lane, 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 16, Richmond Lane, 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 16, Richmond Lane, Romsey, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.