According to the public record, Flat 2, Mill Farm House, Romsey is a period apartment with 1,334 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Mill Farm House, East Tytherley Road, Lockerley, Romsey, SO51.
East Tytherley Road, Lockerley, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
Flat 2, Mill Farm House, Romsey has no records in the Land Registry database and a single entry in the EPC database dated March 2023.
We combine this information with public data 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 Mill Farm House Romsey as £567,480 and the rental value as £1,686 per month giving an expected gross yield of 3.6%.
Over the last 12 months the sale value of Flat 2 Mill Farm House Romsey has increased by £15,654 (2.8%) and its rental value has increased by £84 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 2, Mill Farm House, Romsey is in very good condition we estimate a sale value of £595,854 and rental value of £1,770 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £527,757 and a rental value of £1,568 per month.
If you were able to purchase this property for the estimated value of £567,480, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,789 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 the Land Registry and our network of Estate Agents, there have been 3 property sales within a 5.2 kilometres radius of Flat 2, Mill Farm House, Romsey over the last 2 years.
The most recent example is Spring Cottage, East Dean Road, Romsey, SO51 0JL, a Freehold house which sold for £940,000 in Mar 2021.
Read more about house prices in SO51.
East Tytherley Road, Lockerley, Romsey, SO51 has a total of 30 addresses. According to our analysis of all the public data, Flat 2, Mill Farm House, Romsey is the 15th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £71k more expensive than the average property in SO51.
Flat 2, Mill Farm House, Romsey has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Mar 2023.
The property is not connected to mains gas and has full secondary glazing. It is heated using an electric boiler and radiators.
The closest station to Flat 2, Mill Farm House, Romsey is Mottisfont & Dunbridge station which is 2.7 kilometres 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, Mill Farm House, Romsey, 34.2% of property is privately owned outright and 29.3% 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 Flat 2, Mill Farm House, Romsey, 19.8% of residents are recorded as possessing school level qualifications and 40.1% 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, Mill Farm House, Romsey, the average age was 46.5 and the most common age was 52.
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, Mill Farm House, Romsey, 0.5% 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, Mill Farm House, Romsey, there are an average of 1.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.