According to the public record, Flat 18, The Malthouse, Romsey is a modern leasehold apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Malthouse, Brewery Lane, Romsey, SO51.
Brewery Lane, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
Flat 18, The Malthouse, Romsey has a single entry in the Land Registry database from October 2022 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 18 The Malthouse Romsey as £237,951 and the rental value as £1,064 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 18 The Malthouse Romsey has increased by £7,280 (3.1%) and its rental value has increased by £53 per month (4.9%).
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 18, The Malthouse, Romsey is in very good condition we estimate a sale value of £249,848 and rental value of £1,117 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £221,294 and a rental value of £989 per month.
If you were able to purchase this property for the estimated value of £237,951, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,169 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 18, The Malthouse, Romsey was last sold on 21 Oct 2022 for £212,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2022, the market for similar properties has risen 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 18, The Malthouse, Romsey within a radius of 620 metres over the last 2 years.
The most recent example is Flat 44, The Malthouse, Brewery Lane, Romsey, SO51 8JX, a Leasehold flat which sold for £210,000 in Nov 2023.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brewery Lane, Romsey, SO51 has a total of 57 addresses. According to our analysis of all the public data, Flat 18, The Malthouse, Romsey is the 27th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £258k less expensive than the average property in SO51.
Flat 18, The Malthouse, Romsey has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Oct 2012.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 18, The Malthouse, Romsey is Romsey station which is 400 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 18, The Malthouse, Romsey, 36.5% of property is privately owned outright and 29.7% is socially 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 Flat 18, The Malthouse, Romsey, 10.8% of residents are recorded as possessing school level qualifications and 24.9% 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 18, The Malthouse, 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 18, The Malthouse, 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 18, The Malthouse, 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.