According to the public record, Steplake Lodge, Romsey is a period freehold house with 1,829 ft2 of internal area and sits on a 1,815 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Salisbury Road, Sherfield English, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
Steplake Lodge, Romsey has 2 entries in the Land Registry database, most recently in May 2014 and a single entry in the EPC database dated April 2023.
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 Steplake Lodge Romsey as £697,372 and the rental value as £2,089 per month giving an expected gross yield of 3.6%.
Over the last 12 months the sale value of Steplake Lodge Romsey has increased by £11,000 (1.6%) and its rental value has increased by £75 per month (3.6%).
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 Steplake Lodge, Romsey is in very good condition we estimate a sale value of £732,241 and rental value of £2,193 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £648,556 and a rental value of £1,943 per month.
If you were able to purchase this property for the estimated value of £697,372, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,427 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, Steplake Lodge, Romsey sits on a plot of 1815m2.
We have plot size data on 8 out of 25 other houses in the postcode and Steplake Lodge, Romsey sits on the 2nd largest plot.
According to HM Land Registry, Steplake Lodge, Romsey was last sold on 30 May 2014 for £625,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2014, the market for similar properties has risen 47.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Steplake Lodge, Romsey within a radius of 3.8 kilometres over the last 2 years.
The most recent example is Chazey House, Salisbury Road, Romsey, SO51 6FQ, a Freehold house which sold for £680,000 in Nov 2023.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Salisbury Road, Sherfield English, Romsey, SO51 has a total of 82 addresses. According to our analysis of all the public data, Steplake Lodge, Romsey is the 15th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £201k more expensive than the average property in SO51.
Steplake Lodge, Romsey has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 13 Apr 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to Steplake Lodge, Romsey is Dean (Wilts) station which is 4.8 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 Steplake Lodge, Romsey, 48.0% of property is privately owned outright and 21.1% 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 Steplake Lodge, Romsey, 10.4% of residents are recorded as possessing school level qualifications and 37.0% 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 Steplake Lodge, 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 Steplake Lodge, 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 Steplake Lodge, 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.