2 Bed Flat, Single Let, Romsey, SO51 5GX, £220,000
Chambers Avenue, Romsey, Hampshire, SO51 5GX - 2 months ago
Leasehold
BTL
ROI: 4%
~66 m²
+6 photos
ValuationUndervalued
| Sold Prices | £145K - £460K |
| Sold Prices/m² | £2.5K/m² - £5.3K/m² |
| |
Square Metres | ~65.90 m² |
| Price/m² | £3.3K/m² |
Value Estimate | £233,956 |
| BMV | 6% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £55,000 |
Stamp Duty & Legal Fees | £12,200 |
Total Cash In | £67,200 |
| |
Cash Out | |
Rent Range | £1,000 - £1,300 |
Rent Estimate | £1,147 |
Running Costs/mo | £937 |
Cashflow/mo | £210 |
Cashflow/yr | £2,521 |
ROI | 4% |
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.
Local Rents
16 rents from £1K/mo to £1.3K/mo, average is £1.2K/mo.
Local Area Statistics
Population in SO51 | 26,989 |
Town centre distance | 0.58 miles away |
Nearest school | 0.40 miles away |
Nearest train station | 0.57 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | -5% |
Sales demand | Balanced market |
Capital growth (5yrs) | +14% |
Property History
Price changed to £220,000
March 20, 2025
Listed for £225,000
February 3, 2025
Floor Plans
Description
Similar Properties
Like this property? Maybe you'll like these ones close by too.
2 Bed Flat, Single Let, Romsey, SO51 5FY
£195,000
5 views • 2 months ago • 68 m²
Sold STC
2 Bed Flat, Single Let, Romsey, SO51 5TA
£350,000
3 months ago • 68 m²
Sold STC
3 Bed House, Single Let, Romsey, SO51 5AS
£475,000
7 months ago • 93 m²
Sold STC
4 Bed House, Single Let, Romsey, SO51 5AS
£575,000
6 months ago • 129 m²