According to the public record, 46, Mill Lane, Romsey is a modern freehold house with 1,108 ft2 of internal area and sits on a 327 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mill Lane, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
46, Mill Lane, Romsey has 21 entries in the Land Registry database, most recently in February 2024 and a single entry in the EPC database dated November 2022.
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 46 Mill Lane Romsey as £569,420 and the rental value as £1,752 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of 46 Mill Lane Romsey has increased by £15,250 (2.7%) and its rental value has increased by £80 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 46, Mill Lane, Romsey is in very good condition we estimate a sale value of £597,891 and rental value of £1,839 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £529,561 and a rental value of £1,629 per month.
If you were able to purchase this property for the estimated value of £569,420, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,799 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, 46, Mill Lane, Romsey sits on a plot of 327m2.
We have plot size data on 7 out of 24 other houses in the postcode and 46, Mill Lane, Romsey sits on the 5th largest plot.
According to HM Land Registry, 46, Mill Lane, Romsey was last sold on 12 Feb 2024 for £530,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2024, the market for similar properties has risen 1.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 46, Mill Lane, Romsey within a radius of 720 metres over the last 2 years.
The most recent example is 18, Church Lane, Romsey, SO51 8EP, a Freehold house which sold for £485,000 in Mar 2019.
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, 46, Mill Lane, Romsey is the 30th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £73k more expensive than the average property in SO51.
46, Mill Lane, Romsey has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Nov 2022.
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 46, Mill Lane, Romsey is Romsey station which is 800 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 46, Mill Lane, Romsey, 63.6% of property is privately owned outright and 14.3% is privately 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 46, Mill Lane, Romsey, 6.0% of residents are recorded as possessing school level qualifications and 47.8% 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 46, 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 46, Mill Lane, Romsey, 2.8% 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 46, Mill Lane, Romsey, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.