5, Richmond Lane
5, Richmond Lane
Description & Estimates
5, Richmond Lane, Romsey is described in the public record as a mid-century house with 1,528 ft2 of internal area, sitting on a 655 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 5, Richmond Lane, Romsey is £573,444 and its rental estimate is £1,867 per month, given the available information and assuming reasonable condition.
Richmond Lane, Romsey, SO51 falls within the SO51 postal district, in the borough of Test Valley.
Our Data Sources
5, Richmond Lane, Romsey has no recent1 records in the the Land Registry and a single entry in the EPC database dated December 2015.
We combine this information with public data 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.
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 5, Richmond Lane, Romsey, we estimate a market value of £602,116 and a rental value of £1,961 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £533,303 and £1,736 per month respectively.
Recent Market Change
Over the last year, 5, Richmond Lane, Romsey has seen its estimated sale value fall by £9,076 (1.6%) and its estimated rental value move up by £81 per month (4.4%). This results in an estimated gross rental yield of 3.9%.
Plot Size
HM Land Registry records the plot of land for 5, Richmond Lane, Romsey as measuring 655 m2.
That makes it the 4th largest plot in the postcode, where 16 of the 18 other houses have recorded plot data.
Energy Efficiency
5, Richmond Lane, Romsey has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 02 Dec 2015.
The property is connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 5, Richmond Lane, Romsey completed on 27th November 1998 at £181,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
- Sold Nov 1998£181,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 5, Richmond Lane, Romsey have sold within a radius of 720 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 21st April 2023, was 14, Brook Way, Romsey, SO51 7JZ, a freehold house which sold for £625,000.
Read more about house prices in SO51.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 27 addresses on Richmond Lane, Romsey, SO51, 5, Richmond Lane, Romsey comes out as the 13th largest and the 12th most expensive in our analysis of the public data.
It is also £82k more expensive than the average property across the SO51 district.
More reading links
Schools Nearby
- 300mCupernham Junior School
- 300mCupernham Infant School
- 700mRomsey Primary School & Nursery
- 1.4kmThe Romsey School
- 2.1kmThe Mountbatten School
- 7.5kmOasis Academy Lord's Hill
More reading links
Public Transport Nearby
From 5, Richmond Lane, Romsey, the nearest station is Romsey, 1.1 kilometres away.
- 1.1kmRomsey
- 5.8kmMottisfont & Dunbridge
- 7.2kmChandlers 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.
