Michael Rhodes says ..

Property Oracle says ..

Romsey is a popular market town located in the Test Valley, Hampshire, with a desirable location close to the New Forest National Park and Southampton. The property is an end-of-terrace house situated on Latimer Street, within the Romsey Abbey locality. This area benefits from its proximity to local amenities, including shops, restaurants, and the historic Romsey Abbey itself. The presence of well-regarded primary and secondary schools nearby, such as Romsey Abbey Church of England Primary School and The Romsey School, both rated ‘Good’ by Ofsted, adds to the family-friendly appeal of the location. Convenient transport links are also available, with Romsey railway station offering connections to other parts of the country. Considering these factors, the location score is high. Based on the provided images, the property appears to be in good condition. The interior is modern and well-maintained, with a recently updated kitchen and bathrooms. There is no visible evidence of significant wear and tear or the need for extensive renovations. The exterior is also in good condition, with a well-maintained brick facade and a neat garden. Therefore, a high condition score is warranted. The property includes a small, enclosed patio garden, providing some outdoor space. While not extensive, it offers a private area for relaxation and enjoyment. This is a positive feature, although the plot size is limited. The list price of £500,000 is slightly below the average price of £521,070 for properties in the area. Considering the property’s modern condition, desirable location, and inclusion of a private garden, the price appears reasonable, particularly when compared to similar properties in the vicinity. However, the lack of plot size information and the absence of comparable properties with similar square footage make a precise assessment challenging. The average price per square foot in the area is £518, while the property’s price per square foot is approximately £474. This suggests that the property might be slightly undervalued compared to the average for the area, although more comparable data would strengthen this conclusion. Therefore, a price score reflecting this relative value is appropriate.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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