According to the public record, Library House, Romsey is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 161 ft2 of internal area.
Apartments of this size in this area are normally studios.
Manor Lane, Timsbury, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
Library House, Romsey has a single entry in the Land Registry database from August 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Library House Romsey as £156,653 and the rental value as £568 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of Library House Romsey has increased by £4,208 (2.7%) and its rental value has increased by £27 per month (4.7%).
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 Library House, Romsey is in very good condition we estimate a sale value of £164,486 and rental value of £596 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £145,688 and a rental value of £528 per month.
If you were able to purchase this property for the estimated value of £156,653, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £770 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, Library House, Romsey was last sold on 14 Aug 2008 for £1,250,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2008, the market for similar properties has risen 34.3%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 2.7 kilometres radius of Library House, Romsey over the last 2 years.
The most recent example is Lauries Den, Manor Lane, Romsey, SO51 0NE, a Freehold house which sold for £490,000 in Oct 2017.
Read more about house prices in SO51.
Manor Lane, Timsbury, Romsey, SO51 has a total of 20 addresses. According to our analysis of all the public data, Library House, Romsey is the 19th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £339k less expensive than the average property in SO51.
The closest station to Library House, Romsey is Romsey station which is 3.1 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 Library House, Romsey, 47.3% of property is privately owned outright and 38.2% 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 Library House, Romsey, 14.5% of residents are recorded as possessing school level qualifications and 46.3% 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 Library 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 Library 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 Library House, Romsey, there are an average of 2.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.