According to the public record, Flat 10, Palmerston House, Romsey is a modern leasehold apartment with 990 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Palmerston House, Botley Road, Romsey, SO51.
Botley Road, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
Flat 10, Palmerston House, Romsey has 3 entries in the Land Registry database, most recently in July 2015 and a single entry in the EPC database dated October 2012.
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 Flat 10 Palmerston House Romsey as £373,583 and the rental value as £1,300 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of Flat 10 Palmerston House Romsey has increased by £11,554 (3.1%) and its rental value has increased by £65 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 Flat 10, Palmerston House, Romsey is in very good condition we estimate a sale value of £392,262 and rental value of £1,365 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £347,432 and a rental value of £1,209 per month.
If you were able to purchase this property for the estimated value of £373,583, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,836 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, Flat 10, Palmerston House, Romsey was last sold on 14 Jul 2015 for £268,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2015, the market for similar properties has risen 17.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 10, Palmerston House, Romsey within a radius of 660 metres over the last 2 years.
The most recent example is Flat 7, Palmerston House, Botley Road, Romsey, SO51 5TA, a Leasehold flat which sold for £345,000 in Mar 2023.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Botley Road, Romsey, SO51 has a total of 158 addresses. According to our analysis of all the public data, Flat 10, Palmerston House, Romsey is the 62nd largest and the 82nd most expensive property on the street.
When compared to the postcode district it is £122k less expensive than the average property in SO51.
Flat 10, Palmerston House, Romsey has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Oct 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler with both radiators and underfloor heating.
The closest station to Flat 10, Palmerston House, 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 Flat 10, Palmerston House, Romsey, 52.2% of property is privately owned outright and 19.1% 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 Flat 10, Palmerston House, Romsey, 12.4% of residents are recorded as possessing school level qualifications and 33.3% 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 Flat 10, Palmerston 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 Flat 10, Palmerston House, Romsey, 0.0% 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 Flat 10, Palmerston House, Romsey, there are an average of 1.2 cars per household.
See below for how this compares to South East and the rest of England & Wales.