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Romsey

South East

£300,000
Listed on 28/07/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
962 sqft

Description

This period property is nestled in the heart of Romsey, a charming market town known for its rich history and vibrant community. The town boasts a range of amenities, including a Waitrose supermarket, independent shops, and an array of coffee houses and restaurants. Essential services such as libraries and medical facilities are conveniently located nearby, making it an ideal setting for comfortable living. Additionally, Romsey's scenic walking routes and landmarks like the historic Romsey Abbey enhance the local appeal. The property itself features three uniquely configured bedrooms along with two spacious reception rooms and a kitchen that presents ample opportunity for modernization. A downstairs bathroom provides convenience for daily living. Character details from its original build lend a distinctive charm but also signal potential for thoughtful renovations to elevate its overall appeal. The outdoor space includes a traditional Victorian terraced cottage garden, which can be accessed via a vehicular road leading to nearby Romsey School and Abbeyfield House. This feature not only adds to the property’s character but also offers potential buyers the chance to create an inviting outdoor area. Centrally located, this home presents considerable investment potential. With some refurbishment and reconfiguration, it is projected that the property could achieve rental income around £1,400 per month. This makes it an attractive option for investors seeking opportunities in this desirable location or individuals looking to enjoy the benefits of town center living. It is important to note that there are existing covenants associated with the property. The rear boundary fence must adhere to height restrictions, and there is access consideration due to an adjoining protected tenant who holds rights over the garden footpath until tenancy concludes. Furthermore, access over the rear road requires permission from Hampshire County Council; prospective owners will need to inquire about obtaining a license for use. In summary, with its prime location in Romsey’s bustling community and substantial renovation prospects, this property offers both a place to call home and a promising investment opportunity.

Investment Analysis

(SO51 area)

Below Market Value

This property is priced -26.4% below area average per sq ft

-26.4%
Potential saving
This Property
£312/sq ft
Area Average
£424/sq ft
Avg Rent (weekly)
£326
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£448,571
10% above area average per sq ft
Potential ROI
+31.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (SO51)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -8.9%
5 year growth: 5.3%
Investment Disclaimer: Analysis based on SO51 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Romsey
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE