2 Bed Terraced House, Single Let, Romsey, SO51 0BX, £265,000

11 Abbotswood Common Road, Romsey, Hampshire, SO51 0BX - 7 months ago

BTL

ROI: 1%

~61 m²

+9 photos

ValuationOvervalued

Sold Prices	£237K - £545K
Sold Prices/m²	£3K/m² - £5.8K/m²

Square Metres	~60.90 m²
Price/m²	£4.4K/m²
Value Estimate	£257,633£257,633

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£66,250£66,250
Stamp Duty & Legal Fees	£15,200£15,200
Total Cash In	£81,450£81,450

Cash Out
Rent Range	£1,150 - £1,400£1,150 - £1,400
Rent Estimate	£1,161
Running Costs/mo	£1,080£1,080
Cashflow/mo	£81£81
Cashflow/yr	£968£968
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

23 sold prices from £237K to £545K, average is £263K. £3K/m² to £5.8K/m², average is £4.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£260K	03/21	0.16 mi	3, Woodley Way, Romsey, Hampshire SO51 7PB	-	-	2	Terraced House
£237K	01/21	0.18 mi	13, Footner Close, Romsey, Hampshire SO51 7UD	£3,000	79	2	Terraced House
£247.5K	01/21	0.18 mi	28, Ganger Road, Romsey, Hampshire SO51 7UB	£3,133	79	2	Semi-Detached House
£252.5K	03/23	0.25 mi	59, Cavendish Close, Romsey, Hampshire SO51 7HT	-	-	2	Terraced House
£428K	11/20	0.26 mi	Burtnel, School Road, Romsey, Hampshire SO51 7NY	£5,035	85	2	Semi-Detached House
£492.2K	07/23	0.26 mi	Burtnel, School Road, Romsey, Hampshire SO51 7NY	£5,791	85	2	Semi-Detached House
£278K	12/20	0.3 mi	73, Chivers Road, Romsey, Hampshire SO51 0AT	-	-	2	Terraced House
£245K	03/21	0.31 mi	58, Hunters Crescent, Romsey, Hampshire SO51 7UJ	£4,153	59	2	Terraced House
£246K	02/21	0.31 mi	14, Hunters Crescent, Romsey, Hampshire SO51 7UJ	£4,033	61	2	Terraced House
£260K	07/21	0.36 mi	23, Dibben Walk, Romsey, Hampshire SO51 7UN	-	-	2	Terraced House
£237K	02/21	0.36 mi	11, Dibben Walk, Romsey, Hampshire SO51 7UN	£3,823	62	2	Terraced House
£275K	02/23	0.36 mi	17, Dibben Walk, Romsey, Hampshire SO51 7UN	£4,104	67	2	Terraced House
£263K	06/21	0.42 mi	32, Hunters Crescent, Romsey, Hampshire SO51 7UJ	£3,757	70	2	Semi-Detached House
£282K	06/21	0.56 mi	37, Bramble Drive, Romsey, Hampshire SO51 7RJ	£4,211	67	2	Semi-Detached House
£255K	12/20	0.57 mi	22, Clover Way, Romsey, Hampshire SO51 7RG	£4,250	60	2	Terraced House
£275K	08/23	0.65 mi	20, St Blaize Road, Romsey, Hampshire SO51 7LW	£5,729	48	2	Terraced House
£265K	04/23	0.65 mi	68, St Blaize Road, Romsey, Hampshire SO51 7LW	£4,907	54	2	Semi-Detached House
£288K	11/22	0.74 mi	7, Feltham Close, Romsey, Hampshire SO51 8PB	£4,966	58	2	Terraced House
£545K	04/23	0.8 mi	Springfield, Crook Hill, Braishfield, Romsey, Hampshire SO51 0QB	-	-	2	Detached House
£258K	12/20	0.91 mi	20, Neville Drive, Romsey, Hampshire SO51 7RP	£4,607	56	2	Terraced House
£258K	12/20	0.91 mi	20, Neville Drive, Romsey, Hampshire SO51 7RP	£4,607	56	2	Terraced House
£285K	05/21	0.95 mi	1, Ashdown Way, Romsey, Hampshire SO51 5QR	£3,606	79	2	Semi-Detached House
£310K	01/23	0.98 mi	34, Great Well Drive, Romsey, Hampshire SO51 7QP	£5,082	61	2	Terraced House

Local Rents

11 rents from £1.1K/mo to £1.4K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	12/24	0.04 mi	-	2	Flat
£1,295	09/24	0.07 mi	Minchin Road, Romsey	2	Detached House
£1,150	09/24	0.14 mi	Freemantle Road, Romsey, Hampshire, SO51	2	Flat
£1,150	02/24	0.15 mi	Tate Close, Abbotswood, Romsey, Hampshire, SO51	2	Flat
£1,400	09/24	0.31 mi	Hunters Crescent, Romsey	2	Flat
£1,300	09/24	0.31 mi	Hunters Crescent, Romsey, SO51	2	Terraced House
£1,300	09/23	0.36 mi	-	2	Terraced House
£1,300	09/24	0.36 mi	Dibben Walk, Romsey	2	Flat
£1,200	11/23	0.56 mi	-	2	Terraced House
£1,150	12/24	0.56 mi	Bramble Drive, Romsey	2	Terraced House
£1,195	09/24	0.59 mi	Clover Way, Romsey, Hampshire, SO51	2	Terraced House

Local Area Statistics

Population in SO51	26,98926,989
Town centre distance	1 miles away1 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.14 miles away1.14 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-5%-5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £265,000

September 13, 2024

Floor Plans

Description

Two Bedroom End Of Terraced House +
Popular Location in Abbotswood +
Ample Off Street Parking +
Well Presented Throughout +
Open Plan Kitchen/Living Area +
Secluded Rear Garden +
Sold 20% under market value as part of the 106 scheme +

Offered at 80% MARKET VALUE (section 106 agreement). This beautiful two bedroom end of terraced house located in a sought after position with off street parking and secluded garden.