2 Bed Flat, Single Let, Romsey, SO51 7NJ, £250,000

Winchester Hill, Romsey, SO51 7NJ - 9 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£145K - £345K
Sold Prices/m²£2.5K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£218,227

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Total Cash In

£76,200

 

 

Cash Out

 

Rent Range

£1,000 - £1,400

Rent Estimate

£1,184

Running Costs/mo

£1,038

Cashflow/mo

£146

Cashflow/yr

£1,751

ROI

2%

Gross Yield

6%

Local Sold Prices

21 sold prices from £145K to £345K, average is £218K. £2.5K/m² to £4.5K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£200K07/210.1 mi100, Viney Avenue, Romsey, Hampshire SO51 7NT2
£170K03/210.32 mi13, Symes Road, Romsey, Hampshire SO51 5BD2
£145K03/210.37 miFlat 28, Nightingale House, Great Well Drive, Romsey, Hampshire SO51 7QN2
£152K10/200.37 miFlat 16, Nightingale House, Great Well Drive, Romsey, Hampshire SO51 7QN2
£340K07/210.43 miFlat 4, Palmerston House, Botley Road, Romsey, Hampshire SO51 5TA2
£345K03/230.43 miFlat 7, Palmerston House, Botley Road, Romsey, Hampshire SO51 5TA2
£250K02/230.57 miFlat 10, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£250K09/210.58 mi41, Withy Close, Romsey, Hampshire SO51 7SA2
£205K05/210.59 miFlat 10, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£202.5K01/210.61 miFlat 11, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£210K08/210.63 miFlat 6, James Court, Tadburn Road, Romsey, Hampshire SO51 5BL2
£230K08/230.63 miFlat 7, James Court, Tadburn Road, Romsey, Hampshire SO51 5BL2
£180K03/210.64 mi2a, Southampton Road, Romsey, Hampshire SO51 8AF2
£235K10/210.81 mi16, Tate Close, Romsey, Hampshire SO51 0BE2
£218K04/210.82 mi64, Freemantle Road, Romsey, Hampshire SO51 0AX2
£235K03/230.86 mi2, St James Mews, Romsey, Hampshire SO51 8BX2
£210K01/230.89 miFlat 17, The Malthouse, Brewery Lane, Romsey, Hampshire SO51 8JX2
£310K05/230.89 mi6, Latimer Walk, Romsey, Hampshire SO51 8LA2
£255K08/230.89 miFlat 28, The Malthouse, Brewery Lane, Romsey, Hampshire SO51 8JX2
£235K02/210.98 mi63, Priestlands, Romsey, Hampshire SO51 8FJ2
£170K08/231 miFlat 15, Dukes Mill, Broadwater Road, Romsey, Hampshire SO51 8PJ2

Local Rents

15 rents from £1K/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,29502/240.32 miChirk Place, Romsey, Hampshire, SO512
£1,19509/240.35 miClover Way, Romsey, Hampshire, SO512
£1,20011/230.39 mi-2
£1,20003/250.4 mi-2
£1,20009/240.41 miWinchester House, 112-114 Winchester Road, Romsey, Hampshire, SO512
£1,20012/240.41 miWessex Gardens, Romsey2
£1,25009/240.43 miWinchester Road, Romsey, Hampshire, SO512
£1,20009/240.47 miRomsey Mallard Close UNFURNISHED2
£1,15012/240.49 miBramble Drive, Romsey2
£1,20009/240.49 miMallard Close, Romsey2
£1,30009/240.53 miHunters Crescent, Romsey, SO512
£1,40009/240.54 miHunters Crescent, Romsey2
£1,30009/240.55 miDibben Walk, Romsey2
£1,30009/230.56 mi-2
£1,00011/230.58 mi-2

Local Area Statistics

Population in SO51

26,989

Town centre distance

0.57 miles away

Nearest school

0.30 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £250,000

December 27, 2024

Price changed to £270,000

December 4, 2024

Listed for £280,000

July 25, 2024

Floor Plans

Description

  • Two Bedroom Apartment +
  • Ground Floor +
  • Two Double Bedrooms +
  • Two Bathrooms +
  • Gas Heating +
  • Fitted Kitchen +
  • Allocated parking +
  • No forward Chain +

SUMMARY
Fox & Sons, Romsey have immense pleasure in offering for sale this two-bedroom, two-bathroom ground floor apartment in the sought after Clarence House on Winchester Road, just over a mile from Romsey town centre.

DESCRIPTION
Fox & Sons, Romsey are delighted to offer for sale this spacious ground floor apartment, which is conveniently located within walking distance of both the train station and town centre. It is also on a bus route offering quick, easy access to Romsey town centre and its extensive amenities. The accommodation comprises a spacious hallway with large storage cupboard, leading to a larger than average sitting/dining room with attractive bay window. There are double doors which lead to a well equipped fully fitted kitchen with integrated appliances. There are two bedrooms, with en-suite shower to master and a further wet room. Features include communal gardens and off road allocated parking space for one car then further visitor bays.

Secure Phone Entry 

Lift To All Floors 

Entrance 

Hallway 

Lounge/Diner 13' 6" max x 15' 8" max ( 4.11m max x 4.78m max )

Fitted Kitchen 10' 8" max x 6' 6" max ( 3.25m max x 1.98m max )

Master Bedroom 10' 8" max x 12' 6" max ( 3.25m max x 3.81m max )

En-Suite 

Bedroom Two 

Family Bathroom /Wet Room 

Communal Gardens 

Allocated Parking Space  

Additional Information 
Leasehold - 101 years remaining
Service Charge - £1562.70 pa
Ground Rent - Nil

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Fox & Sons, Romsey

01794 337459

Next Steps?

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