2 Bed Terraced House, Single Let, Romsey, SO51 7TP, £375,000

Horseshoe Drive, Romsey, Hampshire, SO51 7TP - 1 views - 6 months ago

Sold STC
BTL
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£232.5K - £545K
Sold Prices/m²£3K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.5K/m²

Value Estimate

£302,925

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Rent Range

£1,150 - £1,400

Rent Estimate

£1,156

Running Costs/mo

£1,423

Cashflow/mo

£-267

Cashflow/yr

£-3,205

Gross Yield

4%

Local Sold Prices

32 sold prices from £232.5K to £545K, average is £270K. £3K/m² to £5.8K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£260K03/210.1 mi3, Woodley Way, Romsey, Hampshire SO51 7PB2
£247.5K01/210.13 mi28, Ganger Road, Romsey, Hampshire SO51 7UB2
£252.5K03/230.15 mi59, Cavendish Close, Romsey, Hampshire SO51 7HT2
£428K11/200.15 miBurtnel, School Road, Romsey, Hampshire SO51 7NY2
£492.2K07/230.15 miBurtnel, School Road, Romsey, Hampshire SO51 7NY2
£237K01/210.19 mi13, Footner Close, Romsey, Hampshire SO51 7UD2
£245K03/210.21 mi58, Hunters Crescent, Romsey, Hampshire SO51 7UJ2
£246K02/210.21 mi14, Hunters Crescent, Romsey, Hampshire SO51 7UJ2
£260K07/210.27 mi23, Dibben Walk, Romsey, Hampshire SO51 7UN2
£237K02/210.27 mi11, Dibben Walk, Romsey, Hampshire SO51 7UN2
£275K02/230.27 mi17, Dibben Walk, Romsey, Hampshire SO51 7UN2
£263K06/210.33 mi32, Hunters Crescent, Romsey, Hampshire SO51 7UJ2
£278K12/200.43 mi73, Chivers Road, Romsey, Hampshire SO51 0AT2
£255K12/200.43 mi22, Clover Way, Romsey, Hampshire SO51 7RG2
£282K06/210.44 mi37, Bramble Drive, Romsey, Hampshire SO51 7RJ2
£275K08/230.49 mi20, St Blaize Road, Romsey, Hampshire SO51 7LW2
£265K04/230.49 mi68, St Blaize Road, Romsey, Hampshire SO51 7LW2
£288K11/220.6 mi7, Feltham Close, Romsey, Hampshire SO51 8PB2
£285K05/210.8 mi1, Ashdown Way, Romsey, Hampshire SO51 5QR2
£258K12/200.82 mi20, Neville Drive, Romsey, Hampshire SO51 7RP2
£258K12/200.82 mi20, Neville Drive, Romsey, Hampshire SO51 7RP2
£310K01/230.86 mi34, Great Well Drive, Romsey, Hampshire SO51 7QP2
£375K06/230.87 mi12, Hillside Avenue, Romsey, Hampshire SO51 5BA2
£232.5K04/210.88 mi44, Tadfield Road, Romsey, Hampshire SO51 5AJ2
£330K05/230.88 mi56, Tadfield Road, Romsey, Hampshire SO51 5AJ2
£237.5K05/210.92 mi125, Winchester Road, Romsey, Hampshire SO51 8JF2
£338K11/220.93 mi88, Winchester Road, Romsey, Hampshire SO51 8JE2
£320K03/210.94 mi18, Hillside Avenue, Romsey, Hampshire SO51 5BB2
£545K04/230.95 miSpringfield, Crook Hill, Braishfield, Romsey, Hampshire SO51 0QB2
£265K05/210.96 mi11, St Johns Gardens, Romsey, Hampshire SO51 7RW2
£288K01/210.99 mi6, The Cloisters, Romsey, Hampshire SO51 7RS2
£325K04/231 mi11, Botley Road, Romsey, Hampshire SO51 5AG2

Local Rents

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

RentDateDistanceAddressBeds 
£1,29509/240.14 miMinchin Road, Romsey2
£1,20012/240.14 mi-2
£1,30009/240.21 miHunters Crescent, Romsey, SO512
£1,40009/240.21 miHunters Crescent, Romsey2
£1,30009/240.27 miDibben Walk, Romsey2
£1,30009/230.27 mi-2
£1,15009/240.29 miFreemantle Road, Romsey, Hampshire, SO512
£1,15002/240.31 miTate Close, Abbotswood, Romsey, Hampshire, SO512
£1,20011/230.42 mi-2
£1,15012/240.44 miBramble Drive, Romsey2
£1,19509/240.45 miClover Way, Romsey, Hampshire, SO512

Local Area Statistics

Population in SO51

26,989

Town centre distance

0.90 miles away

Nearest school

0.30 miles away

Nearest train station

1.03 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £375,000

October 31, 2024

Floor Plans

Description

  • Two bed modern cottage +
  • Covered by the remainder of a ten-year NHBC structural warranty +
  • Premium kitchen +
  • Allocated parking +
  • In the sort after location of Romsey +
  • Modern Bathroom and en suite +

Positioned within an exclusive development of five Courtyard Mews Cottages, this beautifully presented property boasts a private rear garden and designated parking. Built in 2021, the home features an impressive open-plan living area, a downstairs bathroom, a downstairs study, and an en-suite principal bedroom. Nestled in a quiet cul-de-sac on the outskirts of the picturesque market town of Romsey, the location offers both tranquility and convenience.

This modern cottage benefits from gas-fired central heating with underfloor heating on the ground floor and is built to the latest energy efficiency standards. The property is covered by the remainder of a ten-year NHBC structural warranty, ensuring peace of mind for the new owners.

Externally, the house is characterized by treated and stained timber cladding above a brick plinth, a natural slate roof with terracotta ridge tiles, and high-performance timber external doors and windows. The premium kitchen is equipped with all necessary appliances, including a washer-dryer, dishwasher, built-in oven and induction hob, and a fridge/freezer.

The bathrooms feature quality ceramic sanitaryware, thermostatically controlled showers, ceramic tiled floors, and extensive wall tiling. The property includes generous electricity points throughout and recessed ceiling lighting on dimmer switches in all rooms except the bedrooms. Both Virgin Media and BT services are installed up to the front door, providing excellent connectivity options.

The garden is designed for easy maintenance with a premium astroturf lawn and an extensive terrace in Indian sandstone. The development includes allocated parking spaces and two additional visitor spaces, a resin-bonded tarmac driveway, and block paving in the parking bays. The site boundaries and divisions between properties are marked by 1.8m close board fencing, offering privacy and security.

The estate charge for 2023 is £200, covering the maintenance of communal areas and ensuring the continued high standards of the development. This property offers a perfect blend of modern convenience and traditional charm in a sought-after location.

ADDITIONAL INFORMATION

Services:
Water: Mains
Gas:Mians
Electric: Mains
Sewage: Mains
Heating:Gas

Materials used in construction: Brick
How does broadband enter the property: FTTP

For further information on broadband and mobile coverage, please refer to the Ofcom Checker online

Situated within close proximity to commuter links such as the M27 and A36, Romsey lies on the east bank of the River Test at the lower end of the Test Valley, with the New Forest to the South West, the ancient city of Winchester to the East and the major city and port of Southampton to the South. Romsey retains its regular street market as well as a thriving town centre with shops, restaurants, public houses, leisure facilities and historical sites including Broadlands House. At the centre of Romsey is the market place, town hall and the stunning Abbey.

Agent Details

Charters, Romsey

01794 337464

Next Steps?

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