2 Bed Flat, Single Let, Romsey, SO51 8JQ, £260,000
Church Street, Romsey, Hampshire, SO51 8JQ - 6 views - 10 months ago
Sold STC
Leasehold
BTL
ROI: 2%
~94 m²





+2 photos
ValuationUndervalued
Sold Prices | £145K - £460K |
Sold Prices/m² | £2.5K/m² - £5.3K/m² |
| |
Square Metres | ~94.32 m² |
Price/m² | £2.8K/m² |
Value Estimate | £314,600 |
BMV | 21% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £65,000 |
Stamp Duty & Legal Fees | £9,500 |
Total Cash In | £74,500 |
| |
Cash Out | |
Rent Range | £950 - £2,000 |
Rent Estimate | £1,200 |
Running Costs/mo | £1,073 |
Cashflow/mo | £128 |
Cashflow/yr | £1,530 |
ROI | 2% |
Gross Yield | 6% |
Local Sold Prices
24 sold prices from £145K to £460K, average is £235K. £2.5K/m² to £5.3K/m², average is £3.7K/m².
Local Rents
23 rents from £950/mo to £2K/mo, average is £1.2K/mo.
Local Area Statistics
Population in SO51 | 26,989 |
Town centre distance | 0.46 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.33 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | -5% |
Sales demand | Balanced market |
Capital growth (5yrs) | +14% |
Property History
Listed for £260,000
June 25, 2024
Floor Plans

Description
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