According to the public record, Oak Cottage, Romsey is a period freehold house with 1,356 ft2 of internal area and sits on a 1,251 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Salisbury Road, West Wellow, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
Oak Cottage, Romsey has 31 entries in the Land Registry database, most recently in August 2019 and a single entry in the EPC database dated April 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 Oak Cottage Romsey as £607,607 and the rental value as £1,945 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of Oak Cottage Romsey has increased by £9,736 (1.6%) and its rental value has increased by £66 per month (3.4%).
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 Oak Cottage, Romsey is in very good condition we estimate a sale value of £637,988 and rental value of £2,042 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £565,075 and a rental value of £1,809 per month.
If you were able to purchase this property for the estimated value of £607,607, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,986 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 data from HM Land Registry, Oak Cottage, Romsey sits on a plot of 1251m2.
We have plot size data on 4 out of 13 other houses in the postcode and Oak Cottage, Romsey sits on the 2nd largest plot.
According to HM Land Registry, Oak Cottage, Romsey was last sold on 14 Aug 2019 for £515,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Aug 2019, the market for similar properties has risen 21.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Oak Cottage, Romsey within a radius of 3.5 kilometres over the last 2 years.
The most recent example is 7, Warwick Place, Romsey, SO51 6RG, a Freehold house which sold for £640,000 in Aug 2023.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Salisbury Road, West Wellow, Romsey, SO51 has a total of 23 addresses. According to our analysis of all the public data, Oak Cottage, Romsey is the 8th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £112k more expensive than the average property in SO51.
Oak Cottage, Romsey has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Apr 2018.
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 Oak Cottage, Romsey is Romsey station which is 7.4 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 Oak Cottage, Romsey, 44.8% of property is socially rented and 24.8% 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 Oak Cottage, Romsey, 15.7% of residents are recorded as possessing school level qualifications and 26.2% 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 Oak Cottage, Romsey, the average age was 43 and the most common age was 57.
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 Oak Cottage, Romsey, 0.0% 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 Oak Cottage, Romsey, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.