According to the public record, 5 Horsefair House, Romsey is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Horsefair House, The Horsefair, Romsey, SO51.
The Horsefair, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
5 Horsefair House, Romsey has 2 entries in the Land Registry database, most recently in October 2020 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Horsefair House Romsey as £257,330 and the rental value as £1,019 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 5 Horsefair House Romsey has increased by £7,897 (3.1%) and its rental value has increased by £51 per month (5.0%).
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 Horsefair House, Romsey is in very good condition we estimate a sale value of £270,196 and rental value of £1,070 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £239,317 and a rental value of £948 per month.
If you were able to purchase this property for the estimated value of £257,330, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,265 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 HM Land Registry, 5 Horsefair House, Romsey was last sold on 01 Oct 2020 for £210,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2020, the market for similar properties has risen 12.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5 Horsefair House, Romsey within a radius of 570 metres over the last 2 years.
The most recent example is 3 Horsefair House, The Horsefair, Romsey, SO51 8LL, a Leasehold flat which sold for £195,000 in Jul 2020.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Horsefair, Romsey, SO51 has a total of 30 addresses. According to our analysis of all the public data, 5 Horsefair House, Romsey is the 28th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £239k less expensive than the average property in SO51.
The closest station to 5 Horsefair House, Romsey is Romsey station which is 500 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 Horsefair House, Romsey, 52.4% of property is privately owned outright and 33.3% 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 5 Horsefair House, Romsey, 4.4% of residents are recorded as possessing school level qualifications and 47.4% 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 Horsefair House, 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 5 Horsefair House, Romsey, 1.6% 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 Horsefair House, 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.