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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
10 Gallop Place, Romsey is recorded publicly as a modern leasehold apartment across 1,593 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of 10 Gallop Place, Romsey is £670,838 and its rental estimate is £2,167 per month, given the available information and assuming reasonable condition.
Gallop Place, Mortimer Drive is a residential building on Mortimer Drive, Romsey, SO51 and falls within the SO51 postal district and the borough of Test Valley.
10 Gallop Place, Romsey has a single entry in the Land Registry from November 2021 and a single entry in the EPC database dated April 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 10 Gallop Place, Romsey, we estimate a market value of £704,380 and a rental value of £2,276 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £623,880 and £2,016 per month respectively.
Over the last year, 10 Gallop Place, Romsey has seen its estimated sale value move down by £27,378 (4.1%) and its estimated rental value increase by £34 per month (1.6%). This results in an estimated gross rental yield of 3.9%.
10 Gallop Place, Romsey has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Apr 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and underfloor heating, LPG.
The most recent sale of 10 Gallop Place, Romsey completed on 15th November 2021 at £725,550 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 32.8% over the period since November 2021.
Over the past 2 years 3 properties similar to 10 Gallop Place, Romsey have sold within a radius of 2.5 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th June 2023, was 25 Kirkeby Court, Mortimer Drive, Romsey, SO51 0ED, a leasehold flat which sold for £720,000.
Read more about house prices in SO51.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 153 addresses on Mortimer Drive, Romsey, SO51, 10 Gallop Place, Romsey comes out as the 11th largest and the 16th most expensive in our analysis of the public data.
It is also £179k more expensive than the average property across the SO51 district.
From 10 Gallop Place, Romsey, the nearest station is Romsey, 2.6 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around 10 Gallop Place, Romsey, 50.7% of property is privately owned outright and 35.0% is privately rented.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 10 Gallop Place, Romsey, 14.0% of residents are recorded as possessing school level qualifications and 40.7% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 10 Gallop Place, Romsey, the average age was 43 and the most common age was 57.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 10 Gallop Place, Romsey, 3.3% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 10 Gallop Place, Romsey, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.
