According to the public record, 18 Abbey Lodge, Romsey is a modern leasehold apartment with 807 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Abbey Lodge, Bridge Road, Romsey, SO51.
Bridge Road, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
18 Abbey Lodge, Romsey has 2 entries in the Land Registry database, most recently in February 2023 and a single entry in the EPC database dated September 2014.
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 18 Abbey Lodge Romsey as £328,694 and the rental value as £1,193 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 18 Abbey Lodge Romsey has increased by £10,056 (3.1%) and its rental value has increased by £59 per month (4.9%).
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 18 Abbey Lodge, Romsey is in very good condition we estimate a sale value of £345,128 and rental value of £1,253 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £305,685 and a rental value of £1,110 per month.
If you were able to purchase this property for the estimated value of £328,694, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,615 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, 18 Abbey Lodge, Romsey was last sold on 13 Feb 2023 for £303,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2023, the market for similar properties has risen 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18 Abbey Lodge, Romsey within a radius of 560 metres over the last 2 years.
The most recent example is 12 Abbey Lodge, Bridge Road, Romsey, SO51 8LJ, a Leasehold flat which sold for £270,000 in Feb 2024.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bridge Road, Romsey, SO51 has a total of 47 addresses. According to our analysis of all the public data, 18 Abbey Lodge, Romsey is the 17th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £167k less expensive than the average property in SO51.
18 Abbey Lodge, Romsey has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Sep 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to 18 Abbey Lodge, 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 18 Abbey Lodge, Romsey, 38.1% of property is privately owned outright and 30.4% 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 18 Abbey Lodge, Romsey, 15.3% of residents are recorded as possessing school level qualifications and 45.6% 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 18 Abbey Lodge, 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 18 Abbey Lodge, Romsey, 0.3% 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 18 Abbey Lodge, Romsey, there are an average of 1.2 cars per household.
See below for how this compares to South East and the rest of England & Wales.