2 Bed Flat, Single Let, Romsey, SO51 5BL, £235,000

Tadburn Road, Romsey, Hampshire, SO51 5BL - 3 views - 6 months ago

Sold STC
BTL
ROI: 3%
~68 m²
+12 photos

ValuationFair Value

Sold Prices£145K - £460K
Sold Prices/m²£2.5K/m² - £5.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£238,388

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,250

Total Cash In

£67,000

 

 

Cash Out

 

Rent Range

£1,000 - £1,295

Rent Estimate

£1,131

Running Costs/mo

£981

Cashflow/mo

£150

Cashflow/yr

£1,805

ROI

3%

Gross Yield

6%

Local Sold Prices

24 sold prices from £145K to £460K, average is £232.5K. £2.5K/m² to £5.3K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£210K08/210.01 miFlat 6, James Court, Tadburn Road, Romsey, Hampshire SO51 5BL2
£230K08/230.01 miFlat 7, James Court, Tadburn Road, Romsey, Hampshire SO51 5BL2
£202.5K01/210.02 miFlat 11, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£205K05/210.03 miFlat 10, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£250K02/230.05 miFlat 10, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£340K07/210.22 miFlat 4, Palmerston House, Botley Road, Romsey, Hampshire SO51 5TA2
£345K03/230.22 miFlat 7, Palmerston House, Botley Road, Romsey, Hampshire SO51 5TA2
£170K03/210.31 mi13, Symes Road, Romsey, Hampshire SO51 5BD2
£180K03/210.32 mi2a, Southampton Road, Romsey, Hampshire SO51 8AF2
£152K10/200.44 miFlat 16, Nightingale House, Great Well Drive, Romsey, Hampshire SO51 7QN2
£145K03/210.44 miFlat 28, Nightingale House, Great Well Drive, Romsey, Hampshire SO51 7QN2
£200K07/210.62 mi100, Viney Avenue, Romsey, Hampshire SO51 7NT2
£235K03/230.63 mi2, St James Mews, Romsey, Hampshire SO51 8BX2
£310K05/230.71 mi6, Latimer Walk, Romsey, Hampshire SO51 8LA2
£170K08/230.72 miFlat 15, Dukes Mill, Broadwater Road, Romsey, Hampshire SO51 8PJ2
£250K09/210.74 mi41, Withy Close, Romsey, Hampshire SO51 7SA2
£247.5K02/210.76 miFlat 4, Brook Court, Middlebridge Street, Romsey, Hampshire SO51 8HR2
£240K06/210.77 miFlat 2, Brook Court, Middlebridge Street, Romsey, Hampshire SO51 8HR2
£460K03/230.85 mi56, Newton Lane, Romsey, Hampshire SO51 8GX2
£450K03/230.85 mi38, Newton Lane, Romsey, Hampshire SO51 8GX2
£210K01/230.87 miFlat 17, The Malthouse, Brewery Lane, Romsey, Hampshire SO51 8JX2
£255K08/230.87 miFlat 28, The Malthouse, Brewery Lane, Romsey, Hampshire SO51 8JX2
£247.5K12/220.9 mi71, Riverside Gardens, Romsey, Hampshire SO51 8HN2
£225K05/230.9 mi70, Riverside Gardens, Romsey, Hampshire SO51 8HN2

Local Rents

14 rents from £1K/mo to £1.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15012/240 miTadburn Road, ROMSEY2
£1,20003/250.22 mi-2
£1,25009/240.38 miWinchester Road, Romsey, Hampshire, SO512
£1,29502/240.39 miChirk Place, Romsey, Hampshire, SO512
£1,20009/240.4 miWinchester House, 112-114 Winchester Road, Romsey, Hampshire, SO512
£1,20012/240.42 miWessex Gardens, Romsey2
£1,25009/240.46 miRomsey Winchester Road UNFURNISHED2
£1,12512/240.47 miWinchester Road, Romsey, Hampshire, SO512
£1,00011/230.48 mi-2
£1,20009/240.54 miRomsey Mallard Close UNFURNISHED2
£1,20009/240.54 miMallard Close, Romsey2
£1,20001/250.57 mi-2
£1,20003/250.57 mi-2
£1,20002/250.58 mi-2

Local Area Statistics

Population in SO51

26,989

Town centre distance

0.73 miles away

Nearest school

0.60 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £235,000

October 16, 2024

Floor Plans

Description

  • No forward chain! +
  • Stunning views from private balcony +
  • Two double bedrooms +
  • Garage in seperate block +
  • Walking distance to town center +
  • Communal garden +

Ideally located within walking distance of Romsey town centre and boasting picturesque views from the private balcony to the pastures beyond, this light, spacious and well-presented first floor apartment is available with no forward chain.

The accommodation offers two spacious double bedrooms, bathroom and kitchen both of which have been recently refurbished and lounge with access to private balcony. The property also offers a highly maintained communal garden, and private garage in separate block.

Tenure: share of freehold
Length of lease - 900 years from1967- 843 years left
Service charge - £1200 per annum
Ground rent - n.a

The property is located a short walk or drive from Romsey centre itself, perfect for idyllic walks around the town with its extensive amenities, including Waitrose, Romsey Library, numerous restaurants, bars and independent shops. There are also bus stops close at hand, with routes to Romsey, Southampton, Chandlers Ford and Eastleigh, to name a few. The area also boasts of the New forest within easy reach, access to the coastline and fantastic motorway links to the M27 and M3.

Agent Details

Morris Dibben, Romsey

01794 337486

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪