According to the public record, 24, School Road, Romsey is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 2,682 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
School Road, West Wellow, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
24, School Road, Romsey has 4 entries in the Land Registry database, most recently in December 2020 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 24 School Road Romsey as £913,814 and the rental value as £2,464 per month giving an expected gross yield of 3.2%.
Over the last 12 months the sale value of 24 School Road Romsey has increased by £12,158 (1.3%) and its rental value has increased by £77 per month (3.1%).
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 24, School Road, Romsey is in very good condition we estimate a sale value of £959,505 and rental value of £2,588 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £849,847 and a rental value of £2,292 per month.
If you were able to purchase this property for the estimated value of £913,814, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,491 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, 24, School Road, Romsey was last sold on 09 Dec 2020 for £1,020,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Dec 2020, the market for similar properties has risen 14.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, School Road, Romsey within a radius of 3.8 kilometres over the last 2 years.
The most recent example is 3 Oaklands, Lower Common Road, Romsey, SO51 6BT, a Freehold house which sold for £1,050,000 in Jan 2023.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
School Road, West Wellow, Romsey, SO51 has a total of 64 addresses. According to our analysis of all the public data, 24, School Road, Romsey is the 10th largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £418k more expensive than the average property in SO51.
The closest station to 24, School Road, Romsey is Romsey station which is 6.5 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 24, School Road, Romsey, 70.3% of property is privately owned outright and 25.4% 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 24, School Road, Romsey, 11.5% of residents are recorded as possessing school level qualifications and 44.4% 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 24, School Road, 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 24, School Road, Romsey, 2.7% 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 24, School Road, 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.