According to the public record, 2, Five Elms Drive, Romsey is a mid-century freehold house with 1,097 ft2 of internal area and sits on a 280 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Five Elms Drive, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
2, Five Elms Drive, Romsey has 31 entries in the Land Registry database, most recently in May 2021 and a single entry in the EPC database dated February 2021.
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 Five Elms Drive Romsey as £417,020 and the rental value as £1,670 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 2 Five Elms Drive Romsey has increased by £11,773 (2.8%) and its rental value has increased by £78 per month (4.7%).
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, Five Elms Drive, Romsey is in very good condition we estimate a sale value of £437,871 and rental value of £1,754 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £387,828 and a rental value of £1,553 per month.
If you were able to purchase this property for the estimated value of £417,020, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,050 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, 2, Five Elms Drive, Romsey sits on a plot of 280m2.
We have plot size data on 25 out of 37 other houses in the postcode and 2, Five Elms Drive, Romsey sits on the 10th largest plot.
According to HM Land Registry, 2, Five Elms Drive, Romsey was last sold on 21 May 2021 for £425,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since May 2021, the market for similar properties has risen 10.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Five Elms Drive, Romsey within a radius of 920 metres over the last 2 years.
The most recent example is 4, The Thicket, Romsey, SO51 5SZ, a Freehold house which sold for £445,000 in Jun 2024.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Five Elms Drive, Romsey, SO51 has a total of 37 addresses. According to our analysis of all the public data, 2, Five Elms Drive, Romsey is the 31st largest and the 28th most expensive property on the street.
When compared to the postcode district it is £79k less expensive than the average property in SO51.
2, Five Elms Drive, Romsey has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Feb 2021.
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, Five Elms Drive, Romsey is Romsey station which is 1.6 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 2, Five Elms Drive, Romsey, 42.8% of property is privately owned outright and 32.6% 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 2, Five Elms Drive, Romsey, 19.8% of residents are recorded as possessing school level qualifications and 53.8% 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, Five Elms Drive, Romsey, the average age was 43 and the most common age was 57.
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, Five Elms Drive, 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 2, Five Elms Drive, Romsey, there are an average of 1.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.