According to the public record, The Olde Oak, Romsey is a modern freehold house with 2,249 ft2 of internal area and sits on a 581 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Maurys Lane, West Wellow, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
The Olde Oak, Romsey has a single entry in the Land Registry database from December 2020 and a single entry in the EPC database dated July 2020.
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 The Olde Oak Romsey as £876,961 and the rental value as £2,262 per month giving an expected gross yield of 3.1%.
Over the last 12 months the sale value of The Olde Oak Romsey has increased by £12,067 (1.4%) and its rental value has increased by £71 per month (3.2%).
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 The Olde Oak, Romsey is in very good condition we estimate a sale value of £920,809 and rental value of £2,375 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £815,573 and a rental value of £2,104 per month.
If you were able to purchase this property for the estimated value of £876,961, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,310 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, The Olde Oak, Romsey sits on a plot of 581m2.
We have plot size data on 13 out of 27 other houses in the postcode and The Olde Oak, Romsey sits on the 10th largest plot.
According to HM Land Registry, The Olde Oak, Romsey was last sold on 11 Dec 2020 for £740,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2020, the market for similar properties has risen 14.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Olde Oak, Romsey within a radius of 3.4 kilometres over the last 2 years.
The most recent example is The Ashes, Maurys Lane, Romsey, SO51 6DB, a Freehold house which sold for £891,000 in May 2023.
Read more about house prices in SO51.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Maurys Lane, West Wellow, Romsey, SO51 has a total of 78 addresses. According to our analysis of all the public data, The Olde Oak, Romsey is the 16th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £381k more expensive than the average property in SO51.
The Olde Oak, Romsey has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Jul 2020.
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 The Olde Oak, Romsey is Romsey station which is 7.3 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 The Olde Oak, Romsey, 58.4% of property is privately owned outright and 34.2% 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 The Olde Oak, Romsey, 14.2% of residents are recorded as possessing school level qualifications and 47.9% 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 The Olde Oak, 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 The Olde Oak, Romsey, 1.1% 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 The Olde Oak, 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.