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2 Bed Flat, Single Let, Romsey, SO51 8JX, £230,000

Brewery Lane, Romsey, Hampshire, SO51 8JX - 5 months ago

Leasehold
BTL
ROI: 2%
~59 m²
+3 photos

ValuationOvervalued

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

 

 

Square Metres

~59.20 m²
Price/m²£3.9K/m²

Value Estimate

£210,170

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£70,200

 

 

Cash Out

 

Rent Range

£950 - £2,000

Rent Estimate

£1,076

Running Costs/mo

£954

Cashflow/mo

£122

Cashflow/yr

£1,465

ROI

2%

Gross Yield

6%

Local Sold Prices

25 sold prices from £145K to £460K, average is £235K. £2.5K/m² to £5.3K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£255K08/230 miFlat 28, The Malthouse, Brewery Lane, Romsey, Hampshire SO51 8JX2
£210K01/230 miFlat 17, The Malthouse, Brewery Lane, Romsey, Hampshire SO51 8JX2
£235K02/210.16 mi63, Priestlands, Romsey, Hampshire SO51 8FJ2
£310K05/230.23 mi6, Latimer Walk, Romsey, Hampshire SO51 8LA2
£235K03/230.31 mi2, St James Mews, Romsey, Hampshire SO51 8BX2
£250K09/210.33 mi41, Withy Close, Romsey, Hampshire SO51 7SA2
£170K08/230.37 miFlat 15, Dukes Mill, Broadwater Road, Romsey, Hampshire SO51 8PJ2
£460K03/230.42 mi56, Newton Lane, Romsey, Hampshire SO51 8GX2
£450K03/230.42 mi38, Newton Lane, Romsey, Hampshire SO51 8GX2
£240K06/210.42 miFlat 2, Brook Court, Middlebridge Street, Romsey, Hampshire SO51 8HR2
£247.5K02/210.43 miFlat 4, Brook Court, Middlebridge Street, Romsey, Hampshire SO51 8HR2
£247.5K12/220.5 mi71, Riverside Gardens, Romsey, Hampshire SO51 8HN2
£225K05/230.5 mi70, Riverside Gardens, Romsey, Hampshire SO51 8HN2
£180K03/210.56 mi2a, Southampton Road, Romsey, Hampshire SO51 8AF2
£152K10/200.57 miFlat 16, Nightingale House, Great Well Drive, Romsey, Hampshire SO51 7QN2
£145K03/210.57 miFlat 28, Nightingale House, Great Well Drive, Romsey, Hampshire SO51 7QN2
£345K03/230.74 miFlat 7, Palmerston House, Botley Road, Romsey, Hampshire SO51 5TA2
£340K07/210.74 miFlat 4, Palmerston House, Botley Road, Romsey, Hampshire SO51 5TA2
£170K03/210.81 mi13, Symes Road, Romsey, Hampshire SO51 5BD2
£250K02/230.85 miFlat 10, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£205K05/210.85 miFlat 10, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£230K08/230.86 miFlat 7, James Court, Tadburn Road, Romsey, Hampshire SO51 5BL2
£210K08/210.87 miFlat 6, James Court, Tadburn Road, Romsey, Hampshire SO51 5BL2
£202.5K01/210.88 miFlat 11, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£200K07/210.98 mi100, Viney Avenue, Romsey, Hampshire SO51 7NT2

Local Rents

23 rents from £950/mo to £2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15001/250.17 mi-2
£1,25012/240.17 miAshdene Court, Station Road, Romsey2
£1,20009/240.2 miLatimer Street, Romsey, SO512
£1,30012/240.27 miStation Approach, Romsey, Hampshire, SO512
£1,20009/240.27 mi Romsey, Hampshire2
£1,35009/240.27 miSt. Johns Gardens, Romsey2
£1,25012/240.3 miRomsey Bell Court UNFURNISHED2
£95009/240.31 miThe Hundred, Romsey2
£1,20003/250.35 mi-2
£1,19512/240.36 miBroadwater Road, Romsey, Hampshire, SO512
£1,25012/240.36 miMillstream House, Romsey2
£1,20002/250.39 mi-2
£99512/240.4 miRomsey, Hampshire2
£1,20001/250.4 mi-2
£1,12512/240.4 miWinchester Road, Romsey, Hampshire, SO512
£1,25009/240.41 miRomsey Winchester Road UNFURNISHED2
£1,20009/240.42 miMallard Close, Romsey2
£1,20002/240.42 miBrook Court, Middlebridge Street, Romsey, SO512
£1,27512/240.43 mi-2
£1,20009/240.44 miRomsey Mallard Close UNFURNISHED2
£1,25009/240.56 miWinchester Road, Romsey, Hampshire, SO512
£1,20009/240.56 miWinchester House, 112-114 Winchester Road, Romsey, Hampshire, SO512
£2,00009/240.57 miThe Causeway, Romsey, Hampshire, SO512

Links

Local Area Statistics

Population in SO51

26,989

Town centre distance

0.33 miles away

Nearest school

0.10 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £230,000

February 8, 2025

Listed for £240,000

November 12, 2024

Floor Plans

Description

  • First Floor Apartment +
  • Allocated Car Parking Space +
  • Kitchen with integrated appliances +
  • Gas Central Heating +
  • Well Presented Apartment +
  • Popular Malthouse Conversion +
  • Short Walk to Romsey +

We are pleased to welcome to the market this well presented two bedroom first floor apartment in central Romsey with an allocated parking space. VENDOR SUITED

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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