3 Bed Semi-Detached House, Single Let, Romsey, SO51 7TT, £320,000

15 Rimington Gardens, Romsey, Hampshire, SO51 7TT - 2 views - 6 months ago

Sold STC

BTL

~93 m²

+7 photos

ValuationUndervalued

Sold Prices	£241.5K - £630K
Sold Prices/m²	£2.8K/m² - £5.7K/m²

Square Metres	~93 m²
Price/m²	£3.4K/m²
Value Estimate	£352,463£352,463
BMV	10%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£80,000£80,000
Stamp Duty & Legal Fees	£14,300£14,300
Total Cash In	£94,300£94,300

Cash Out
Rent Range	£1,200 - £2,100£1,200 - £2,100
Rent Estimate	£1,306
Running Costs/mo	£1,281£1,281
Cashflow/mo	£25£25
Cashflow/yr	£298£298
ROI	0%0%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £241.5K to £630K, average is £310K. £2.8K/m² to £5.7K/m², average is £3.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£355K	12/22	0.01 mi	14, Rimington Gardens, Romsey, Hampshire SO51 7TT	-	-	3	Semi-Detached House
£310K	03/23	0.04 mi	4, Halden Close, Romsey, Hampshire SO51 7TS	-	-	3	Terraced House
£255K	10/20	0.05 mi	23, Halden Close, Romsey, Hampshire SO51 7TS	£3,493	73	3	Terraced House
£310K	08/23	0.06 mi	10, Halden Close, Romsey, Hampshire SO51 7TS	£4,247	73	3	Terraced House
£271K	07/23	0.06 mi	12, Halden Close, Romsey, Hampshire SO51 7TS	-	-	3	Terraced House
£245.1K	03/21	0.06 mi	5, Halden Close, Romsey, Hampshire SO51 7TS	-	-	3	Terraced House
£350K	02/23	0.07 mi	2, Abbotswood Close, Romsey, Hampshire SO51 7TW	-	-	3	Semi-Detached House
£280K	07/21	0.09 mi	37, Stapleford Close, Romsey, Hampshire SO51 7HU	£3,294	85	3	Terraced House
£262.5K	11/20	0.09 mi	35, Stapleford Close, Romsey, Hampshire SO51 7HU	£3,547	74	3	Terraced House
£315K	12/22	0.12 mi	12, Tavistock Close, Romsey, Hampshire SO51 7TQ	£4,300	73	3	Terraced House
£300K	02/23	0.13 mi	13, Pinewood Close, Romsey, Hampshire SO51 7TN	£4,043	74	3	Terraced House
£302.5K	07/23	0.13 mi	6, Pinewood Close, Romsey, Hampshire SO51 7TN	-	-	3	Semi-Detached House
£241.5K	03/21	0.13 mi	4, Pinewood Close, Romsey, Hampshire SO51 7TN	-	-	3	Terraced House
£277K	07/21	0.13 mi	35, Cavendish Close, Romsey, Hampshire SO51 7HT	£3,693	75	3	Terraced House
£265K	03/21	0.13 mi	29, Cavendish Close, Romsey, Hampshire SO51 7HT	£2,978	89	3	Terraced House
£260K	02/21	0.13 mi	61, Cavendish Close, Romsey, Hampshire SO51 7HT	-	-	3	Terraced House
£275K	03/21	0.15 mi	20, Lincoln Close, Romsey, Hampshire SO51 7TJ	£3,354	82	3	Semi-Detached House
£342.5K	11/22	0.17 mi	1, Addison Close, Romsey, Hampshire SO51 7TL	£3,937	87	3	Semi-Detached House
£258K	06/21	0.2 mi	71, Kinver Close, Romsey, Hampshire SO51 7JW	£3,634	71	3	Terraced House
£274K	04/21	0.2 mi	13, Kinver Close, Romsey, Hampshire SO51 7JW	-	-	3	Terraced House
£325K	09/23	0.21 mi	50, Kinver Close, Romsey, Hampshire SO51 7JU	£4,167	78	3	Terraced House
£340K	08/23	0.22 mi	14, Hogarth Close, Romsey, Hampshire SO51 7TF	-	-	3	Terraced House
£272K	06/21	0.24 mi	10, Waverley Close, Romsey, Hampshire SO51 7TG	£3,676	74	3	Terraced House
£340K	05/21	0.25 mi	32, Bransley Close, Romsey, Hampshire SO51 7JT	£3,148	108	3	Semi-Detached House
£350K	12/20	0.28 mi	53, Hunters Crescent, Romsey, Hampshire SO51 7UG	£3,417	102	3	Detached House
£285K	06/21	0.29 mi	9, Savernake Close, Romsey, Hampshire SO51 7TD	£2,933	97	3	Terraced House
£507.5K	06/21	0.29 mi	35, Brook Way, Romsey, Hampshire SO51 7JZ	-	-	3	Detached House
£390K	01/23	0.31 mi	161, Cutforth Way, Romsey, Hampshire SO51 0BG	£5,270	74	3	Semi-Detached House
£280K	08/21	0.31 mi	56, Woodley Close, Romsey, Hampshire SO51 7PD	£3,790	74	3	Terraced House
£445K	08/21	0.32 mi	14, Peel Close, Romsey, Hampshire SO51 7UQ	£3,803	117	3	Detached House
£386.5K	04/23	0.33 mi	102, Cutforth Way, Romsey, Hampshire SO51 0BD	£4,713	82	3	Semi-Detached House
£315K	08/23	0.34 mi	143, Westering, Romsey, Hampshire SO51 7LX	£4,213	75	3	Terraced House
£420K	03/21	0.36 mi	42, Fairview Drive, Romsey, Hampshire SO51 7LR	£3,443	122	3	Semi-Detached House
£350K	03/23	0.37 mi	27, Clover Way, Romsey, Hampshire SO51 7RG	-	-	3	Semi-Detached House
£330K	11/20	0.37 mi	12, Harefield Court, Romsey, Hampshire SO51 7NN	£2,845	116	3	Semi-Detached House
£430K	03/23	0.37 mi	32, Tate Close, Romsey, Hampshire SO51 0BE	£5,733	75	3	Semi-Detached House
£471K	10/20	0.37 mi	13, Richmond Lane, Romsey, Hampshire SO51 7LB	£4,361	108	3	Detached House
£280K	09/21	0.39 mi	105, St Blaize Road, Romsey, Hampshire SO51 7JY	£3,607	78	3	Terraced House
£350K	03/23	0.39 mi	79, St Blaize Road, Romsey, Hampshire SO51 7JY	£3,977	88	3	Terraced House
£362K	11/22	0.39 mi	39, St Blaize Road, Romsey, Hampshire SO51 7JY	£4,641	78	3	Detached House
£295K	05/23	0.39 mi	101, St Blaize Road, Romsey, Hampshire SO51 7JY	£3,831	77	3	Terraced House
£346K	06/21	0.39 mi	47a, Viney Avenue, Romsey, Hampshire SO51 7NR	£3,761	92	3	Detached House
£243K	03/21	0.42 mi	3, Brickwoods Close, Romsey, Hampshire SO51 7JA	£3,016	81	3	Terraced House
£279K	07/21	0.43 mi	112, St Blaize Road, Romsey, Hampshire SO51 7LW	£3,875	72	3	Semi-Detached House
£480K	09/21	0.44 mi	3, Carisbrooke Court, Romsey, Hampshire SO51 7JQ	-	-	3	Detached House
£480K	10/20	0.45 mi	6, Barton Close, Romsey, Hampshire SO51 7QE	£4,706	102	3	Detached House
£299.9K	03/21	0.46 mi	4, Viney Avenue, Romsey, Hampshire SO51 7NQ	-	-	3	Semi-Detached House
£630K	06/23	0.47 mi	21, Woodley Lane, Cupernham, Romsey, Hampshire SO51 7JL	-	-	3	Detached House
£299.9K	03/21	0.47 mi	4, Viney Avenue, Romsey, Hampshire SO51 7NQ	-	-	3	Semi-Detached House
£280K	01/23	0.47 mi	46, Viney Avenue, Romsey, Hampshire SO51 7NQ	-	-	3	Semi-Detached House

Local Rents

20 rents from £1.2K/mo to £2.1K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	12/24	0.09 mi	Romsey	3	House
£1,200	09/24	0.11 mi	Tavistock Close, Romsey, Hampshire, SO51	3	Flat
£1,500	09/24	0.13 mi	Romsey	3	Flat
£1,500	12/24	0.15 mi	Lincoln Close, Romsey	3	Terraced House
£1,500	12/24	0.17 mi	Addison Close, Romsey	3	House
£1,400	09/24	0.2 mi	Romsey Beverley Gardens UNFURNISHED	3	Terraced House
£1,400	09/24	0.21 mi	Kinver Close, Romsey	3	Flat
£1,500	12/24	0.21 mi	Romsey Hogarth Close UNFURNISHED	3	House
£1,600	09/24	0.23 mi	Thomas Hunt Row, Abbotswood Common Road, Romsey, Hampshire, SO51	3	Terraced House
£1,650	05/23	0.29 mi	-	3	Flat
£1,600	12/24	0.33 mi	Cutforth Way, ROMSEY	3	House
£1,450	12/24	0.36 mi	Fairview Drive, ROMSEY	3	House
£1,475	12/24	0.36 mi	Fairview Drive, ROMSEY	3	House
£1,300	10/23	0.43 mi	-	3	Terraced House
£1,300	10/24	0.43 mi	-	3	Terraced House
£1,350	09/24	0.46 mi	Viney Avenue, Romsey	3	Detached House
£1,450	02/25	0.47 mi	-	3	Terraced House
£1,850	03/25	0.48 mi	-	3	Terraced House
£2,100	02/24	0.49 mi	-	3	Semi-Detached House
£1,600	12/24	0.53 mi	Viney Avenue, Romsey	3	House

Local Area Statistics

Population in SO51	26,98926,989
Town centre distance	0.86 miles away0.86 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.99 miles away0.99 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 £320,000

October 19, 2024

Sold for £80,000

1998

Floor Plans

Description

Three Bedroom Semi Detached House +
Garage and Off Road Parking +
Private Rear Garden +
Open Kitchen/Dining Room +
No Forward Chain +

Neatly set back in a quiet cul-de-sac this three bedroom semi-detached house includes a private rear garden, porch, garage and off road parking.

Agent Details

Michael Rhodes, Romsey

01794 514455

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

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Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents