According to the public record, 5, Canal Close, Romsey is a mid-century freehold house with 968 ft2 of internal area and sits on a 456 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Canal Close, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
5, Canal Close, Romsey has 21 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated June 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 5 Canal Close Romsey as £544,275 and the rental value as £1,656 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of 5 Canal Close Romsey has increased by £14,133 (2.6%) and its rental value has increased by £74 per month (4.5%).
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 5, Canal Close, Romsey is in very good condition we estimate a sale value of £571,489 and rental value of £1,739 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £506,176 and a rental value of £1,540 per month.
If you were able to purchase this property for the estimated value of £544,275, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,675 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, 5, Canal Close, Romsey sits on a plot of 456m2.
We have plot size data on 7 out of 11 other houses in the postcode and 5, Canal Close, Romsey sits on the 2nd largest plot.
According to HM Land Registry, 5, Canal Close, Romsey was last sold on 18 Aug 2022 for £585,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2022, the market for similar properties has dropped 1.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Canal Close, Romsey within a radius of 740 metres over the last 2 years.
The most recent example is 19, Durban Close, Romsey, SO51 7LJ, a Freehold house which sold for £595,000 in Nov 2022.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Canal Close, Romsey, SO51 has a total of 11 addresses. According to our analysis of all the public data, 5, Canal Close, Romsey is the 6th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £48k more expensive than the average property in SO51.
5, Canal Close, Romsey has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Jun 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 5, Canal Close, Romsey is Romsey station which is 700 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 5, Canal Close, Romsey, 69.5% of property is privately owned outright and 26.6% 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 5, Canal Close, Romsey, 15.9% of residents are recorded as possessing school level qualifications and 44.8% 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 5, Canal 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 5, Canal Close, 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 5, Canal Close, Romsey, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.