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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
According to the public record, 2 Gallop Place, Romsey is a modern leasehold apartment with 1,140 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2 Gallop Place, Romsey is £537,975 and the estimated rental value is £1,738 per month.
The apartment is within Gallop Place, Mortimer Drive, Romsey, SO51.
Mortimer Drive, Romsey, SO51 is located in the borough of Test Valley within the SO51 postal district.
2 Gallop Place, Romsey has a single entry in the Land Registry from October 2020 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.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2 Gallop Place, Romsey is in very good condition we estimate a sale value of £564,874 and a rental value of £1,825 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £500,317 and a rental value of £1,617 per month.
Over the last 12 months the sale value of 2 Gallop Place Romsey has decreased by an estimated £21,955 (4.1%) and its rental value has increased by an estimated £27 per month (1.6%), giving an expected gross yield of 3.9%.
2 Gallop Place, Romsey has an Energy Performance Rating (EPC) of B. 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.
According to HM Land Registry, 2 Gallop Place, Romsey was last sold on 22nd October 2020 for £574,950 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since October 2020, the market for similar properties has dropped 28.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Gallop Place, Romsey within a radius of 2.5 kilometres over the last 2 years.
The most recent example is 3 Gallop Place, Mortimer Drive, Romsey, SO51 0EF, a leasehold flat which sold for £565,000 on the 31st July 2024.
Read more about house prices in SO51.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mortimer Drive, Romsey, SO51 has a total of 153 addresses. According to our analysis of all the public data, 2 Gallop Place, Romsey is the 46th largest and the 34th most expensive property on the street.
When compared to the postcode district it is £47k more expensive than the average property in SO51.
The closest station to 2 Gallop Place, Romsey is Romsey station which is 2.6 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2 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 2 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 2 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 2 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 2 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.
