According to the public record, Flat 7, Grosvenor Court, Romsey is a modern leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Grosvenor Court, Montfort Close, Romsey, SO51.
Montfort Close, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
Flat 7, Grosvenor Court, Romsey has 31 entries in the Land Registry database, most recently in February 2020 and a single entry in the EPC database dated September 2019.
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 7 Grosvenor Court Romsey as £231,692 and the rental value as £1,019 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 7 Grosvenor Court Romsey has increased by £7,088 (3.1%) and its rental value has increased by £51 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 7, Grosvenor Court, Romsey is in very good condition we estimate a sale value of £243,277 and rental value of £1,070 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £215,473 and a rental value of £948 per month.
If you were able to purchase this property for the estimated value of £231,692, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,139 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 7, Grosvenor Court, Romsey was last sold on 14 Feb 2020 for £199,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Feb 2020, the market for similar properties has risen 13.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Grosvenor Court, Romsey within a radius of 790 metres over the last 2 years.
The most recent example is Flat 6, Grosvenor Court, Montfort Close, Romsey, SO51 5PH, a Leasehold flat which sold for £235,000 in Dec 2022.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Montfort Close, Romsey, SO51 has a total of 20 addresses. According to our analysis of all the public data, Flat 7, Grosvenor Court, Romsey is the 18th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £264k less expensive than the average property in SO51.
Flat 7, Grosvenor Court, Romsey has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Sep 2019.
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 7, Grosvenor Court, Romsey is Romsey station which is 1.5 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 7, Grosvenor Court, Romsey, 47.7% of property is privately owned outright and 33.9% 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 7, Grosvenor Court, Romsey, 9.1% of residents are recorded as possessing school level qualifications and 42.7% 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 7, Grosvenor Court, Romsey, the average age was 45.8 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 7, Grosvenor Court, Romsey, 0.4% 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 7, Grosvenor Court, 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.