According to the public record, 5, The Horsefair, Romsey is a modern leasehold apartment with 631 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The Horsefair, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
5, The Horsefair, Romsey has 2 entries in the Land Registry database, most recently in December 2018 and a single entry in the EPC database dated January 2010.
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 The Horsefair Romsey as £280,011 and the rental value as £1,089 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 5 The Horsefair Romsey has increased by £8,594 (3.1%) and its rental value has increased by £54 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, The Horsefair, Romsey is in very good condition we estimate a sale value of £294,012 and rental value of £1,144 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £260,410 and a rental value of £1,013 per month.
If you were able to purchase this property for the estimated value of £280,011, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,376 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, The Horsefair, Romsey was last sold on 11 Dec 2018 for £195,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2018, the market for similar properties has risen 14.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, The Horsefair, Romsey within a radius of 580 metres over the last 2 years.
The most recent example is 30 Fleur De Lis, Duttons Road, Romsey, SO51 8LH, a Leasehold flat which sold for £320,000 in Jan 2024.
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, The Horsefair, Romsey is the 23rd largest and the 24th most expensive property on the street.
When compared to the postcode district it is £216k less expensive than the average property in SO51.
5, The Horsefair, Romsey has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 26 Jan 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 5, The Horsefair, 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, The Horsefair, 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, The Horsefair, 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, The Horsefair, 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, The Horsefair, 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, The Horsefair, 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.