According to the public record, 62, Latham Road, Romsey is a modern leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Latham Road, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
62, Latham Road, Romsey has 21 entries in the Land Registry database, most recently in December 2023 and a single entry in the EPC database dated April 2021.
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 62 Latham Road Romsey as £190,066 and the rental value as £936 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 62 Latham Road Romsey has increased by £5,160 (2.7%) and its rental value has increased by £43 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 62, Latham Road, Romsey is in very good condition we estimate a sale value of £199,569 and rental value of £982 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £176,761 and a rental value of £870 per month.
If you were able to purchase this property for the estimated value of £190,066, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £934 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, 62, Latham Road, Romsey was last sold on 01 Dec 2023 for £188,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2023, the market for similar properties has risen 2.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 62, Latham Road, Romsey within a radius of 540 metres over the last 2 years.
The most recent example is 52, Latham Road, Romsey, SO51 7DB, a Leasehold flat which sold for £171,650 in Dec 2021.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Latham Road, Romsey, SO51 has a total of 104 addresses. According to our analysis of all the public data, 62, Latham Road, Romsey is the 90th largest and the 93rd most expensive property on the street.
When compared to the postcode district it is £306k less expensive than the average property in SO51.
62, Latham Road, Romsey has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Apr 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using warm air.
The closest station to 62, Latham Road, Romsey is Romsey station which is 300 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 62, Latham Road, Romsey, 38.8% of property is privately owned outright and 26.7% 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 62, Latham Road, Romsey, 13.7% of residents are recorded as possessing school level qualifications and 27.8% 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 62, Latham Road, 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 62, Latham Road, Romsey, 0.9% 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 62, Latham Road, Romsey, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.