2 Bed Flat, Single Let, Romsey, SO51 5FY, £195,000

Chambers Avenue, Romsey, Hampshire, SO51 5FY - 5 views - 2 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+12 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£233,523
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£7,050

Total Cash In

£55,800

 

 

Cash Out

 

Rent Range

£1,000 - £1,300

Rent Estimate

£1,147

Running Costs/mo

£859

Cashflow/mo

£288

Cashflow/yr

£3,459

ROI

6%

Gross Yield

7%

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 
£170K03/210.05 mi13, Symes Road, Romsey, Hampshire SO51 5BD2
£340K07/210.07 miFlat 4, Palmerston House, Botley Road, Romsey, Hampshire SO51 5TA2
£345K03/230.08 miFlat 7, Palmerston House, Botley Road, Romsey, Hampshire SO51 5TA2
£250K02/230.21 miFlat 10, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£205K05/210.23 miFlat 10, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£202.5K01/210.25 miFlat 11, Reynolds Court, Tadburn Road, Romsey, Hampshire SO51 5AX2
£152K10/200.25 miFlat 16, Nightingale House, Great Well Drive, Romsey, Hampshire SO51 7QN2
£145K03/210.25 miFlat 28, Nightingale House, Great Well Drive, Romsey, Hampshire SO51 7QN2
£210K08/210.26 miFlat 6, James Court, Tadburn Road, Romsey, Hampshire SO51 5BL2
£230K08/230.27 miFlat 7, James Court, Tadburn Road, Romsey, Hampshire SO51 5BL2
£180K03/210.34 mi2a, Southampton Road, Romsey, Hampshire SO51 8AF2
£200K07/210.38 mi100, Viney Avenue, Romsey, Hampshire SO51 7NT2
£250K09/210.58 mi41, Withy Close, Romsey, Hampshire SO51 7SA2
£235K03/230.64 mi2, St James Mews, Romsey, Hampshire SO51 8BX2
£310K05/230.7 mi6, Latimer Walk, Romsey, Hampshire SO51 8LA2
£170K08/230.76 miFlat 15, Dukes Mill, Broadwater Road, Romsey, Hampshire SO51 8PJ2
£210K01/230.79 miFlat 17, The Malthouse, Brewery Lane, Romsey, Hampshire SO51 8JX2
£255K08/230.79 miFlat 28, The Malthouse, Brewery Lane, Romsey, Hampshire SO51 8JX2
£247.5K02/210.82 miFlat 4, Brook Court, Middlebridge Street, Romsey, Hampshire SO51 8HR2
£240K06/210.83 miFlat 2, Brook Court, Middlebridge Street, Romsey, Hampshire SO51 8HR2
£460K03/230.9 mi56, Newton Lane, Romsey, Hampshire SO51 8GX2
£450K03/230.9 mi38, Newton Lane, Romsey, Hampshire SO51 8GX2
£235K02/210.93 mi63, Priestlands, Romsey, Hampshire SO51 8FJ2
£247.5K12/220.97 mi71, Riverside Gardens, Romsey, Hampshire SO51 8HN2
£225K05/230.97 mi70, Riverside Gardens, Romsey, Hampshire SO51 8HN2

Local Rents

16 rents from £1K/mo to £1.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20003/250.05 mi-2
£1,29502/240.17 miChirk Place, Romsey, Hampshire, SO512
£1,25009/240.24 miWinchester Road, Romsey, Hampshire, SO512
£1,20009/240.24 miWinchester House, 112-114 Winchester Road, Romsey, Hampshire, SO512
£1,15012/240.26 miTadburn Road, ROMSEY2
£1,20012/240.31 miWessex Gardens, Romsey2
£1,20009/240.38 miRomsey Mallard Close UNFURNISHED2
£1,20009/240.4 miMallard Close, Romsey2
£1,25009/240.42 miRomsey Winchester Road UNFURNISHED2
£1,12512/240.45 miWinchester Road, Romsey, Hampshire, SO512
£1,00011/230.45 mi-2
£1,20009/240.53 mi Romsey, Hampshire2
£1,30012/240.53 miStation Approach, Romsey, Hampshire, SO512
£1,20003/250.58 mi-2
£1,20001/250.61 mi-2
£1,20002/250.62 mi-2

Local Area Statistics

Population in SO51

26,989

Town centre distance

0.57 miles away

Nearest school

0.30 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £195,000

February 10, 2025

Floor Plans

Description

A well-proportioned and spacious ground-floor apartment offered with no forward chain. The neutral fitted kitchen provides an excellent amount of storage and space for white goods. The large living/dining room offers a nice area to retreat to, with pleasant dual aspect providing plenty of light with views over the surrounding area and communal garden. The property also offers two double bedrooms , both with built-in storage, making this ideal for sharers or when friends and family come to visit. The fitted family bathroom completes the accommodation. Externally the home benefits from residents parking and a well-kept communal garden. This property is further offered for sale with no forward chain.

Length of lease - 114 years remaining.
Service charge - TBC.
Ground rent - TBC.

Minden House is situated striking distance from Botley Road, within a short walk of Romsey Town Centre with its extensive amenities. There is also a convenience store within 200 metres of the property. The Apartment is a stone’s throw from Tadburn Meadows nature reserve, perfect for walking the dog or walks within a stunning setting. There is a bus stop either side of Botley Road, with routes to Romsey, Southampton, Chandlers Ford, Eastleigh and the surrounding area. The New Forest and coast is also within easy reach with easy access to both the M3 and M27 motorways.

Agent Details

Morris Dibben, Romsey

01794 337486

Next Steps?

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