According to the public record, Flat 2, 11, Market Place, Romsey is a period leasehold apartment with 322 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 11, Market Place, Romsey, SO51.
Market Place, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
Flat 2, 11, Market Place, Romsey has a single entry in the Land Registry database from May 2015 and a single entry in the EPC database dated March 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 Flat 2 11 Market Place Romsey as £111,431 and the rental value as £565 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 2 11 Market Place Romsey has increased by £3,028 (2.7%) and its rental value has increased by £26 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 Flat 2, 11, Market Place, Romsey is in very good condition we estimate a sale value of £117,002 and rental value of £593 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £103,630 and a rental value of £526 per month.
If you were able to purchase this property for the estimated value of £111,431, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £548 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 2, 11, Market Place, Romsey was last sold on 06 May 2015 for £92,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2015, the market for similar properties has risen 23.7%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 570 metres radius of Flat 2, 11, Market Place, Romsey over the last 2 years.
The most recent example is 2, Bell Court, Romsey, SO51 8JR, a Freehold house which sold for £380,000 in Apr 2022.
Read more about house prices in SO51.
Market Place, Romsey, SO51 has a total of 25 addresses. According to our analysis of all the public data, Flat 2, 11, Market Place, Romsey is the 24th largest and the 25th most expensive property on the street.
When compared to the postcode district it is £385k less expensive than the average property in SO51.
Flat 2, 11, Market Place, Romsey has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Mar 2021.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to Flat 2, 11, Market Place, Romsey is Romsey station which is 600 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 2, 11, Market Place, Romsey, 37.8% of property is privately rented and 37.3% is privately owned outright.
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 2, 11, Market Place, Romsey, 8.2% of residents are recorded as possessing school level qualifications and 34.6% 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 2, 11, Market Place, 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 2, 11, Market Place, Romsey, 1.1% 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 2, 11, Market Place, Romsey, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.