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

7 Wadham Close, Romsey, Hampshire, SO51 0AN - 1 views - 6 months ago

Sold STC

BTL

ROI: 2%

62 m²

+3 photos

ValuationOvervalued

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

Square Metres	62 m²
Price/m²	£4.3K/m²
Value Estimate	£259,265£259,265

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£66,250£66,250
Stamp Duty & Legal Fees	£9,900£9,900
Total Cash In	£76,150£76,150

Cash Out
Rent Range	£1,150 - £1,400£1,150 - £1,400
Rent Estimate	£1,184
Running Costs/mo	£1,085£1,085
Cashflow/mo	£99£99
Cashflow/yr	£1,189£1,189
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

20 sold prices from £237K to £545K, average is £260K. £3K/m² to £5.8K/m², average is £4.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£278K	12/20	0.05 mi	73, Chivers Road, Romsey, Hampshire SO51 0AT	-	-	2	Terraced House
£237K	01/21	0.49 mi	13, Footner Close, Romsey, Hampshire SO51 7UD	£3,000	79	2	Terraced House
£260K	03/21	0.49 mi	3, Woodley Way, Romsey, Hampshire SO51 7PB	-	-	2	Terraced House
£252.5K	03/23	0.49 mi	59, Cavendish Close, Romsey, Hampshire SO51 7HT	-	-	2	Terraced House
£247.5K	01/21	0.51 mi	28, Ganger Road, Romsey, Hampshire SO51 7UB	£3,133	79	2	Semi-Detached House
£428K	11/20	0.59 mi	Burtnel, School Road, Romsey, Hampshire SO51 7NY	£5,035	85	2	Semi-Detached House
£492.2K	07/23	0.59 mi	Burtnel, School Road, Romsey, Hampshire SO51 7NY	£5,791	85	2	Semi-Detached House
£545K	04/23	0.62 mi	Springfield, Crook Hill, Braishfield, Romsey, Hampshire SO51 0QB	-	-	2	Detached House
£245K	03/21	0.64 mi	58, Hunters Crescent, Romsey, Hampshire SO51 7UJ	£4,153	59	2	Terraced House
£246K	02/21	0.64 mi	14, Hunters Crescent, Romsey, Hampshire SO51 7UJ	£4,033	61	2	Terraced House
£260K	07/21	0.69 mi	23, Dibben Walk, Romsey, Hampshire SO51 7UN	-	-	2	Terraced House
£237K	02/21	0.69 mi	11, Dibben Walk, Romsey, Hampshire SO51 7UN	£3,823	62	2	Terraced House
£275K	02/23	0.69 mi	17, Dibben Walk, Romsey, Hampshire SO51 7UN	£4,104	67	2	Terraced House
£263K	06/21	0.74 mi	32, Hunters Crescent, Romsey, Hampshire SO51 7UJ	£3,757	70	2	Semi-Detached House
£255K	12/20	0.9 mi	22, Clover Way, Romsey, Hampshire SO51 7RG	£4,250	60	2	Terraced House
£282K	06/21	0.9 mi	37, Bramble Drive, Romsey, Hampshire SO51 7RJ	£4,211	67	2	Semi-Detached House
£275K	08/23	0.95 mi	20, St Blaize Road, Romsey, Hampshire SO51 7LW	£5,729	48	2	Terraced House
£265K	04/23	0.95 mi	68, St Blaize Road, Romsey, Hampshire SO51 7LW	£4,907	54	2	Semi-Detached House
£258K	12/20	0.98 mi	20, Neville Drive, Romsey, Hampshire SO51 7RP	£4,607	56	2	Terraced House
£258K	12/20	0.98 mi	20, Neville Drive, Romsey, Hampshire SO51 7RP	£4,607	56	2	Terraced House

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,150	02/24	0.23 mi	Tate Close, Abbotswood, Romsey, Hampshire, SO51	2	Flat
£1,150	09/24	0.28 mi	Freemantle Road, Romsey, Hampshire, SO51	2	Flat
£1,295	09/24	0.33 mi	Minchin Road, Romsey	2	Detached House
£1,200	12/24	0.33 mi	-	2	Flat
£1,400	09/24	0.64 mi	Hunters Crescent, Romsey	2	Flat
£1,300	09/24	0.65 mi	Hunters Crescent, Romsey, SO51	2	Terraced House
£1,300	09/23	0.69 mi	-	2	Terraced House
£1,300	09/24	0.69 mi	Dibben Walk, Romsey	2	Flat
£1,200	11/23	0.89 mi	-	2	Terraced House
£1,150	12/24	0.9 mi	Bramble Drive, Romsey	2	Terraced House
£1,195	09/24	0.92 mi	Clover Way, Romsey, Hampshire, SO51	2	Terraced House
£1,350	09/24	1.11 mi	St. Johns Gardens, Romsey	2	Flat
£1,200	09/24	1.17 mi	Romsey Mallard Close UNFURNISHED	2	Detached House
£1,295	02/24	1.18 mi	Chirk Place, Romsey, Hampshire, SO51	2	Flat
£1,200	09/24	1.18 mi	Mallard Close, Romsey	2	Terraced House
£1,200	09/24	1.22 mi	Winchester House, 112-114 Winchester Road, Romsey, Hampshire, SO51	2	Flat

Local Area Statistics

Population in SO51	26,98926,989
Town centre distance	1.10 miles away1.10 miles away
Nearest school	0.70 miles away0.70 miles away
Nearest train station	1.25 miles away1.25 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

November 9, 2024

Floor Plans

Description

Two bedroom terrace house +
Private rear garden +
Allocated parking +
Quiet cul-de-sac position +
Sold 20% under market value as part of the 106 scheme +

Offered at 80% MARKET VALUE (section 106 agreement). Located in a quiet cul-de-sac position this well presented two bedroom house includes a private rear garden and allocated 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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2 Bed Terraced House, Single Let, Romsey, SO51 0AN, £265,000

ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents