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
BMV21%

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.

PriceDateDistanceAddressBeds 
£310K05/230.12 mi6, Latimer Walk, Romsey, Hampshire SO51 8LA2
£255K08/230.18 miFlat 28, The Malthouse, Brewery Lane, Romsey, Hampshire SO51 8JX2
£210K01/230.18 miFlat 17, The Malthouse, Brewery Lane, Romsey, Hampshire SO51 8JX2
£235K03/230.2 mi2, St James Mews, Romsey, Hampshire SO51 8BX2
£170K08/230.21 miFlat 15, Dukes Mill, Broadwater Road, Romsey, Hampshire SO51 8PJ2
£460K03/230.24 mi56, Newton Lane, Romsey, Hampshire SO51 8GX2
£450K03/230.24 mi38, Newton Lane, Romsey, Hampshire SO51 8GX2
£240K06/210.25 miFlat 2, Brook Court, Middlebridge Street, Romsey, Hampshire SO51 8HR2
£247.5K02/210.25 miFlat 4, Brook Court, Middlebridge Street, Romsey, Hampshire SO51 8HR2
£235K02/210.3 mi63, Priestlands, Romsey, Hampshire SO51 8FJ2
£247.5K12/220.32 mi71, Riverside Gardens, Romsey, Hampshire SO51 8HN2
£225K05/230.32 mi70, Riverside Gardens, Romsey, Hampshire SO51 8HN2
£250K09/210.46 mi41, Withy Close, Romsey, Hampshire SO51 7SA2
£180K03/210.51 mi2a, Southampton Road, Romsey, Hampshire SO51 8AF2
£152K10/200.62 miFlat 16, Nightingale House, Great Well Drive, Romsey, Hampshire SO51 7QN2
£145K03/210.62 miFlat 28, Nightingale House, Great Well Drive, Romsey, Hampshire SO51 7QN2
£345K03/230.75 miFlat 7, Palmerston House, Botley Road, Romsey, Hampshire SO51 5TA2
£340K07/210.75 miFlat 4, Palmerston House, Botley Road, Romsey, Hampshire SO51 5TA2
£230K08/230.82 miFlat 7, James Court, Tadburn Road, Romsey, Hampshire SO51 5BL2
£205K05/210.82 miFlat 10, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£250K02/230.82 miFlat 10, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£210K08/210.83 miFlat 6, James Court, Tadburn Road, Romsey, Hampshire SO51 5BL2
£170K03/210.84 mi13, Symes Road, Romsey, Hampshire SO51 5BD2
£202.5K01/210.84 miFlat 11, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2

Local Rents

23 rents from £950/mo to £2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15001/250.02 mi-2
£1,20009/240.09 miLatimer Street, Romsey, SO512
£1,25012/240.12 miRomsey Bell Court UNFURNISHED2
£1,25012/240.18 miAshdene Court, Station Road, Romsey2
£1,19512/240.2 miBroadwater Road, Romsey, Hampshire, SO512
£95009/240.2 miThe Hundred, Romsey2
£1,25012/240.2 miMillstream House, Romsey2
£99512/240.25 miRomsey, Hampshire2
£1,20002/240.25 miBrook Court, Middlebridge Street, Romsey, SO512
£1,27512/240.25 mi-2
£1,20003/250.26 mi-2
£1,20002/250.27 mi-2
£1,20001/250.29 mi-2
£1,30012/240.33 miStation Approach, Romsey, Hampshire, SO512
£1,20009/240.33 mi Romsey, Hampshire2
£1,12512/240.37 miWinchester Road, Romsey, Hampshire, SO512
£1,25009/240.4 miRomsey Winchester Road UNFURNISHED2
£2,00009/240.4 miThe Causeway, Romsey, Hampshire, SO512
£1,35009/240.43 miSt. Johns Gardens, Romsey2
£1,20009/240.48 miMallard Close, Romsey2
£1,20009/240.51 miRomsey Mallard Close UNFURNISHED2
£1,25009/240.59 miWinchester Road, Romsey, Hampshire, SO512
£1,20009/240.59 miWinchester House, 112-114 Winchester Road, Romsey, Hampshire, SO512

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

We are delighted to offer this beautifully presented two double bedroom apartment located within a short stroll of Romsey town centre. Occupying a fantastic position close to all the extensive amenities this market town has to offer, including Waitrose, Library, coffee shops, restaurants, bars, Doctors Surgery's, Dentists, some stunning walks and Romsey Abbey. The cathedral cities of Winchester and Salisbury are within easy commute. In addition, there are good motorway and rail links to London and beyond.

Maintained to a very high standard, including replacement windows, this generous two-bedroom apartment offers light and airy accommodation throughout. A welcoming hallway provides access to all principal rooms and has the useful addition of fitted cupboards. The open plan living room with dining area and a modern, well fitted kitchen with plenty of eye and base level units offers plenty of space throughout. There are two large double bedrooms, one of which benefits from an en-suite shower room. The main bathroom is fitted with shower over bath. Both bedrooms have stunning views over Romsey Abbey, a special feature of this charming flat. The property also benefits from lift access.

*Viewing is strongly recommended to appreciate the size and location of this lovely property.*

• Council Tax Band: C – Test Valley Borough Council
• All mains utilities
• Superfast broadband available

Service charge - £2,400 pa
Ground rent - £150 pa
Leasehold - 116 years remaining

Agent Details

Winkworth, Romsey

01794 337518

Next Steps?

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