According to the public record, 4, Mill Lane, Romsey is a period house with 1,162 ft2 of internal area and sits on a 331 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Mill Lane, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
4, Mill Lane, Romsey has no records in the Land Registry database and a single entry in the EPC database dated July 2023.
We combine this information with public data 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 4 Mill Lane Romsey as £573,986 and the rental value as £1,849 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of 4 Mill Lane Romsey has increased by £10,964 (1.9%) and its rental value has increased by £70 per month (3.8%).
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 4, Mill Lane, Romsey is in very good condition we estimate a sale value of £602,685 and rental value of £1,942 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £533,807 and a rental value of £1,720 per month.
If you were able to purchase this property for the estimated value of £573,986, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,821 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, 4, Mill Lane, Romsey sits on a plot of 331m2.
We have plot size data on 12 out of 15 other houses in the postcode and 4, Mill Lane, Romsey sits on the 2nd largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Mill Lane, Romsey within a radius of 600 metres over the last 2 years.
The most recent example is 20, Church Lane, Romsey, SO51 8EP, a Freehold house which sold for £600,000 in Feb 2024.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Lane, Romsey, SO51 has a total of 98 addresses. According to our analysis of all the public data, 4, Mill Lane, Romsey is the 24th largest and the 21st most expensive property on the street.
When compared to the postcode district it is £78k more expensive than the average property in SO51.
4, Mill Lane, Romsey has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 14 Jul 2023.
The property is not connected to mains gas and has mostly double glazing. It is heated using an electric boiler and radiators.
The closest station to 4, Mill Lane, 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 4, Mill Lane, Romsey, 38.6% of property is privately owned outright and 31.1% is socially rented.
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 4, Mill Lane, Romsey, 13.8% of residents are recorded as possessing school level qualifications and 30.6% 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 4, Mill Lane, 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 4, Mill Lane, 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 4, Mill Lane, Romsey, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.