According to the public record, 2 Charter Court, Romsey is a modern leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Charter Court, Winchester Road, Romsey, SO51.
Winchester Road, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
2 Charter Court, Romsey has 2 entries in the Land Registry database, most recently in September 2018 and a single entry in the EPC database dated June 2017.
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 2 Charter Court Romsey as £230,091 and the rental value as £1,061 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 2 Charter Court Romsey has increased by £3,985 (1.7%) and its rental value has increased by £38 per month (3.6%).
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 2 Charter Court, Romsey is in very good condition we estimate a sale value of £241,595 and rental value of £1,114 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £213,984 and a rental value of £987 per month.
If you were able to purchase this property for the estimated value of £230,091, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,131 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, 2 Charter Court, Romsey was last sold on 25 Sep 2018 for £217,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2018, the market for similar properties has risen 12.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Charter Court, Romsey within a radius of 560 metres over the last 2 years.
The most recent example is 28 Mottisfont Lodge, Alma Road, Romsey, SO51 8AG, a Leasehold flat which sold for £135,000 in Aug 2023.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Winchester Road, Romsey, SO51 has a total of 152 addresses. According to our analysis of all the public data, 2 Charter Court, Romsey is the 112th largest and the 122nd most expensive property on the street.
When compared to the postcode district it is £266k less expensive than the average property in SO51.
2 Charter Court, Romsey has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Jun 2017.
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 2 Charter Court, 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 2 Charter Court, 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 2 Charter Court, 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 2 Charter Court, 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 2 Charter Court, 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 2 Charter Court, 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.