According to the public record, Flat 7, Homemead House, Romsey is a mid-century leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Homemead House, Middlebridge Street, Romsey, SO51.
Middlebridge Street, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
Flat 7, Homemead House, Romsey has 51 entries in the Land Registry database, most recently in March 2023 and a single entry in the EPC database dated March 2018.
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 Homemead House Romsey as £121,044 and the rental value as £614 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 7 Homemead House Romsey has increased by £3,289 (2.7%) and its rental value has increased by £28 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 7, Homemead House, Romsey is in very good condition we estimate a sale value of £127,097 and rental value of £645 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £112,571 and a rental value of £571 per month.
If you were able to purchase this property for the estimated value of £121,044, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £595 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, Homemead House, Romsey was last sold on 10 Mar 2023 for £125,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Mar 2023, the market for similar properties has risen 2.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Homemead House, Romsey within a radius of 790 metres over the last 2 years.
The most recent example is Flat 30, Homemead House, Middlebridge Street, Romsey, SO51 8QL, a Leasehold flat which sold for £70,000 in May 2024.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Middlebridge Street, Romsey, SO51 has a total of 183 addresses. According to our analysis of all the public data, Flat 7, Homemead House, Romsey is the 143rd largest and the 159th most expensive property on the street.
When compared to the postcode district it is £375k less expensive than the average property in SO51.
Flat 7, Homemead House, Romsey has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Mar 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 7, Homemead House, Romsey is Romsey station which is 900 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 7, Homemead House, Romsey, 61.9% of property is privately owned outright and 23.8% 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 7, Homemead House, Romsey, 5.0% of residents are recorded as possessing school level qualifications and 44.3% 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 7, Homemead 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 7, Homemead House, Romsey, 2.0% 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 7, Homemead House, 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.