176, Mercer Way
176, Mercer Way
Description & Estimates
176, Mercer Way, Romsey is described in the public record as a mid-century apartment with 516 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 176, Mercer Way, Romsey is £161,918 and its rental estimate is £910 per month, given the available information and assuming reasonable condition.
Mercer Way, Romsey, SO51 falls within the SO51 postal district, in the borough of Test Valley.
Our Data Sources
176, Mercer Way, Romsey has no records in the the Land Registry and a single entry in the EPC database dated May 2019.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
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 176, Mercer Way, Romsey, we estimate a market value of £170,014 and a rental value of £956 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £150,583 and £846 per month respectively.
Recent Market Change
Over the last year, 176, Mercer Way, Romsey has seen its estimated sale value drop by £5,447 (3.4%) and its estimated rental value rise by £25 per month (2.7%). This results in an estimated gross rental yield of 6.7%.
Energy Efficiency
176, Mercer Way, Romsey has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 May 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 176, Mercer Way, Romsey have sold within a radius of 620 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st December 2023, was 62, Latham Road, Romsey, SO51 7DB, a leasehold flat which sold for £188,500.
Read more about house prices in SO51.
- Sold Dec 2023£188,500 | 2 Bed Flat62, Latham Road, Romsey, SO51 7DB62, Latham Road, Romsey, SO51 7DB
- Sold Nov 2018£148,000 | 2 Bed Flat182, Mercer Way, Romsey, SO51 7QJ182, Mercer Way, Romsey, SO51 7QJ
- Sold Jul 2018£151,000 | 1 Bed Flat85, Latham Road, Romsey, SO51 7DB85, Latham Road, Romsey, SO51 7DB
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 198 addresses on Mercer Way, Romsey, SO51, 176, Mercer Way, Romsey comes out as the 158th largest and the 154th most expensive in our analysis of the public data.
It is also £329k less expensive than the average property across the SO51 district.
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Schools Nearby
- 300mRomsey Primary School & Nursery
- 800mCupernham Junior School
- 800mCupernham Infant School
- 900mThe Romsey School
- 1.9kmThe Mountbatten School
- 7.2kmOasis Academy Lord's Hill
More reading links
Public Transport Nearby
From 176, Mercer Way, Romsey, the nearest station is Romsey, 400 metres away.
- 400mRomsey
- 5.9kmMottisfont & Dunbridge
- 7.4kmChandlers Ford
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
