According to the public record, 4, Oakwood Close, Romsey is a mid-century freehold house with 839 ft2 of internal area and sits on a 202 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Oakwood Close, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
4, Oakwood Close, Romsey has a single entry in the Land Registry database from August 2018 and a single entry in the EPC database dated March 2018.
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 4 Oakwood Close Romsey as £312,187 and the rental value as £1,392 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 4 Oakwood Close Romsey has increased by £9,007 (2.9%) and its rental value has increased by £67 per month (4.8%).
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, Oakwood Close, Romsey is in very good condition we estimate a sale value of £327,797 and rental value of £1,462 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £290,334 and a rental value of £1,295 per month.
If you were able to purchase this property for the estimated value of £312,187, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,534 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, Oakwood Close, Romsey sits on a plot of 202m2.
We have plot size data on 6 out of 12 other houses in the postcode and 4, Oakwood Close, Romsey sits on the largest plot.
According to HM Land Registry, 4, Oakwood Close, Romsey was last sold on 24 Aug 2018 for £245,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2018, the market for similar properties has risen 23.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Oakwood Close, Romsey within a radius of 590 metres over the last 2 years.
The most recent example is 10, Halden Close, Romsey, SO51 7TS, a Freehold house which sold for £310,000 in Aug 2023.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oakwood Close, Romsey, SO51 has a total of 12 addresses. According to our analysis of all the public data, 4, Oakwood Close, Romsey is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £184k less expensive than the average property in SO51.
4, Oakwood Close, Romsey has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Mar 2018.
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 4, Oakwood Close, 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 4, Oakwood Close, Romsey, 35.7% of property is privately owned with a mortgage and 29.6% 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 4, Oakwood Close, Romsey, 16.0% of residents are recorded as possessing school level qualifications and 24.3% 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, Oakwood Close, Romsey, the average age was 45.8 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, Oakwood Close, Romsey, 0.0% 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, Oakwood Close, 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.