According to the public record, 28, Palmerston Street, Romsey is a period freehold house with 1,044 ft2 of internal area and sits on a 195 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Palmerston Street, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
28, Palmerston Street, Romsey has 41 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated February 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 28 Palmerston Street Romsey as £419,229 and the rental value as £1,637 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 28 Palmerston Street Romsey has increased by £11,472 (2.7%) and its rental value has increased by £76 per month (4.6%).
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 28, Palmerston Street, Romsey is in very good condition we estimate a sale value of £440,190 and rental value of £1,719 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £389,883 and a rental value of £1,523 per month.
If you were able to purchase this property for the estimated value of £419,229, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,060 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, 28, Palmerston Street, Romsey sits on a plot of 195m2.
We have plot size data on 20 out of 35 other houses in the postcode and 28, Palmerston Street, Romsey sits on the 2nd largest plot.
According to HM Land Registry, 28, Palmerston Street, Romsey was last sold on 11 Jun 2021 for £350,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Jun 2021, the market for similar properties has risen 8.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 28, Palmerston Street, Romsey within a radius of 580 metres over the last 2 years.
The most recent example is 107, The Hundred, Romsey, SO51 8BZ, a Freehold house which sold for £430,000 in Jun 2022.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palmerston Street, Romsey, SO51 has a total of 45 addresses. According to our analysis of all the public data, 28, Palmerston Street, Romsey is the 21st largest and the 20th most expensive property on the street.
When compared to the postcode district it is £77k less expensive than the average property in SO51.
28, Palmerston Street, Romsey has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 07 Feb 2014.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 28, Palmerston Street, Romsey is Romsey station which is 600 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 28, Palmerston Street, Romsey, 37.8% of property is privately rented and 37.3% is privately owned outright.
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 28, Palmerston Street, Romsey, 8.2% of residents are recorded as possessing school level qualifications and 34.6% 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 28, Palmerston Street, 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 28, Palmerston Street, Romsey, 1.1% 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 28, Palmerston Street, Romsey, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.