According to the public record, 7, The Meads, Romsey is a early-century freehold house with 2,335 ft2 of internal area and sits on a 1,132 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
The Meads, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
7, The Meads, Romsey has 21 entries in the Land Registry database, most recently in December 2017 and a single entry in the EPC database dated June 2017.
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 7 The Meads Romsey as £1,312,395 and the rental value as £2,872 per month giving an expected gross yield of 2.6%.
Over the last 12 months the sale value of 7 The Meads Romsey has increased by £21,964 (1.7%) and its rental value has increased by £101 per month (3.5%).
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 7, The Meads, Romsey is in very good condition we estimate a sale value of £1,378,015 and rental value of £3,016 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,220,528 and a rental value of £2,671 per month.
If you were able to purchase this property for the estimated value of £1,312,395, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £6,450 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, 7, The Meads, Romsey sits on a plot of 1132m2.
We have plot size data on 3 out of 6 other houses in the postcode and 7, The Meads, Romsey sits on the largest plot.
According to HM Land Registry, 7, The Meads, Romsey was last sold on 01 Dec 2017 for £1,350,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2017, the market for similar properties has risen 19.0%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 7, The Meads, Romsey within a radius of 710 metres over the last 2 years.
The most recent example is Rydal House, The Horsefair, Romsey, SO51 8EZ, a Freehold house which sold for £1,050,000 in Nov 2019.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Meads, Romsey, SO51 has a total of 20 addresses. According to our analysis of all the public data, 7, The Meads, Romsey is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £816k more expensive than the average property in SO51.
7, The Meads, Romsey has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Jun 2017.
The property is connected to mains gas and has partial multiple glazing. It is heated using a boiler and radiators.
The closest station to 7, The Meads, 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 7, The Meads, 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 7, The Meads, 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 7, The Meads, 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 7, The Meads, 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 7, The Meads, 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.