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2 Bed Flat, Single Let, Romsey, SO51 8AG, £198,000

12 Mottisfont Lodge, Alma Road, Romsey, Hampshire, SO51 8AG - 4 months ago

Leasehold
BTL
ROI: 2%
~58 m²
+7 photos

ValuationUndervalued

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

 

 

Square Metres

~57.60 m²
Price/m²£3.4K/m²

Value Estimate

£204,490
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£49,500

Stamp Duty & Legal Fees

£11,100

Total Cash In

£60,600

 

 

Cash Out

 

Rent Range

£950 - £1,350

Rent Estimate

£956

Running Costs/mo

£830

Cashflow/mo

£126

Cashflow/yr

£1,513

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 
£235K03/230.19 mi2, St James Mews, Romsey, Hampshire SO51 8BX2
£180K03/210.21 mi2a, Southampton Road, Romsey, Hampshire SO51 8AF2
£310K05/230.24 mi6, Latimer Walk, Romsey, Hampshire SO51 8LA2
£152K10/200.29 miFlat 16, Nightingale House, Great Well Drive, Romsey, Hampshire SO51 7QN2
£145K03/210.3 miFlat 28, Nightingale House, Great Well Drive, Romsey, Hampshire SO51 7QN2
£250K09/210.32 mi41, Withy Close, Romsey, Hampshire SO51 7SA2
£170K08/230.34 miFlat 15, Dukes Mill, Broadwater Road, Romsey, Hampshire SO51 8PJ2
£210K01/230.35 miFlat 17, The Malthouse, Brewery Lane, Romsey, Hampshire SO51 8JX2
£255K08/230.35 miFlat 28, The Malthouse, Brewery Lane, Romsey, Hampshire SO51 8JX2
£345K03/230.4 miFlat 7, Palmerston House, Botley Road, Romsey, Hampshire SO51 5TA2
£340K07/210.41 miFlat 4, Palmerston House, Botley Road, Romsey, Hampshire SO51 5TA2
£247.5K02/210.41 miFlat 4, Brook Court, Middlebridge Street, Romsey, Hampshire SO51 8HR2
£240K06/210.41 miFlat 2, Brook Court, Middlebridge Street, Romsey, Hampshire SO51 8HR2
£460K03/230.47 mi56, Newton Lane, Romsey, Hampshire SO51 8GX2
£450K03/230.47 mi38, Newton Lane, Romsey, Hampshire SO51 8GX2
£170K03/210.49 mi13, Symes Road, Romsey, Hampshire SO51 5BD2
£250K02/230.5 miFlat 10, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£205K05/210.5 miFlat 10, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£230K08/230.51 miFlat 7, James Court, Tadburn Road, Romsey, Hampshire SO51 5BL2
£235K02/210.51 mi63, Priestlands, Romsey, Hampshire SO51 8FJ2
£210K08/210.51 miFlat 6, James Court, Tadburn Road, Romsey, Hampshire SO51 5BL2
£202.5K01/210.52 miFlat 11, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£247.5K12/220.55 mi71, Riverside Gardens, Romsey, Hampshire SO51 8HN2
£225K05/230.55 mi70, Riverside Gardens, Romsey, Hampshire SO51 8HN2
£200K07/210.73 mi100, Viney Avenue, Romsey, Hampshire SO51 7NT2

Local Rents

25 rents from £950/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.05 miRomsey Winchester Road UNFURNISHED2
£1,12512/240.06 miWinchester Road, Romsey, Hampshire, SO512
£1,20009/240.14 mi Romsey, Hampshire2
£1,30012/240.14 miStation Approach, Romsey, Hampshire, SO512
£1,20003/250.15 mi-2
£1,25012/240.19 miAshdene Court, Station Road, Romsey2
£95009/240.19 miThe Hundred, Romsey2
£1,20009/240.2 miMallard Close, Romsey2
£1,20001/250.22 mi-2
£1,20002/250.22 mi-2
£1,20009/240.22 miRomsey Mallard Close UNFURNISHED2
£1,25009/240.25 miWinchester Road, Romsey, Hampshire, SO512
£1,20009/240.25 miLatimer Street, Romsey, SO512
£1,20009/240.26 miWinchester House, 112-114 Winchester Road, Romsey, Hampshire, SO512
£99512/240.3 miRomsey, Hampshire2
£1,19512/240.31 miBroadwater Road, Romsey, Hampshire, SO512
£1,25012/240.31 miMillstream House, Romsey2
£1,15001/250.35 mi-2
£1,29502/240.36 miChirk Place, Romsey, Hampshire, SO512
£1,25012/240.36 miRomsey Bell Court UNFURNISHED2
£1,35009/240.38 miSt. Johns Gardens, Romsey2
£1,20002/240.4 miBrook Court, Middlebridge Street, Romsey, SO512
£1,27512/240.41 mi-2
£1,20003/250.49 mi-2
£1,15012/240.51 miTadburn Road, ROMSEY2

Links

Local Area Statistics

Population in SO51

26,989

Town centre distance

0.31 miles away

Nearest school

0.40 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £198,000

February 8, 2025

Listed for £200,000

November 27, 2024

Floor Plans

Description

  • Established and friendly Churchill development +
  • Owners’ Lounge with regular events +
  • Long-term onsite manager and Careline emergency support included +
  • Quiet, secure location on first floor next to lift +
  • Two double bedrooms +
  • Apartment overlooks the landscaped garden +
  • Short level walk to town centre +
  • GP practice and Waitrose very close by +
  • Inexpensive Guest Suite onsite +

This beautiful two bedroom first floor apartment located close to Romsey Town Centre offered with no onward chain.

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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