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Romsey House Prices Romsey House Prices

The average house price in Romsey is £274,625 using HM Land Registry data.

The average property price increased by £22,014 (5.89%) over the last 5 years and increased by £4,400 (1.12%) over the last 12 months.

Over the last year, there were 266 residential property sales – a decrease of 59 transactions (-22.18%) relative to the previous year. The majority of house sales (74) were in the £260,000 - £350,000 range. Then came properties in the £350,000 - £440,000 range, where 60 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 76 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,857 (-2%).

In April 2024, there were 55 new estate agency instructions, 38 agreed home sales and 31 property price reductions.

Postcodes Covered: SO51

5-Year Average Property Prices in Romsey

5.89%

Property prices in Romsey increased by 5.89% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Romsey Over the Last Year

1.12%

Property prices in Romsey increased by 1.12% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Romsey - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Romsey

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Romsey

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Romsey

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Romsey since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Romsey area since 1995.

Recent Property Sales in Romsey

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
46 Mill Lane, Romsey, Hampshire, SO51 8EQ£550,000£530,000-£20,00027 Sep 202312 Feb 2024138 Days
29 Westbroke Gardens, Romsey, Hampshire, SO51 7RQ£500,000£495,000-£5,00024 Oct 202305 Feb 2024104 Days
20 Church Lane, Romsey, Hampshire, SO51 8EP£600,000£600,000£0025 Oct 202302 Feb 2024100 Days
8 Rosedale Avenue, Romsey, Hampshire, SO51 5AR£429,500£400,000-£29,50011 Aug 202330 Jan 2024172 Days
5 Rowan Close, Romsey, Hampshire, SO51 5SH£350,000£350,000£0009 Oct 202326 Jan 2024109 Days
93 Hunters Crescent, Romsey, Hampshire, SO51 7UG£275,000£270,000-£5,00003 Aug 202308 Dec 2023127 Days
104 Latham Road, Romsey, Hampshire, SO51 7DB£290,000£280,000-£10,00006 Sep 202305 Dec 202390 Days
62 Latham Road, Romsey, Hampshire, SO51 7DB£190,000£188,500-£1,50027 Jun 202301 Dec 2023157 Days
88 Latham Road, Romsey, Hampshire, SO51 7DB£375,000£356,500-£18,50019 Jul 202324 Nov 2023128 Days
28 Mercer Way, Romsey, Hampshire, SO51 7QH£325,000£315,000-£10,00031 Aug 202324 Nov 202385 Days
Flat 13, Winchester Court, Sutherland Close, Romsey, Hampshire, SO51 7TX£125,000£122,000-£3,00002 Aug 202324 Nov 2023114 Days
131 Mercer Way, Romsey, Hampshire, SO51 7PN£310,000£290,000-£20,00025 Aug 202324 Nov 202391 Days
46 Eight Acres, Romsey, Hampshire, SO51 5BQ£325,000£297,500-£27,50024 Jul 202321 Nov 2023120 Days
Flat 11, Reynolds Court, Tadburn Road, Romsey, Hampshire, SO51 5AX£235,000£220,000-£15,00012 Jul 202314 Nov 2023125 Days
Flat 13, Nightingale House, Great Well Drive, Romsey, Hampshire, SO51 7QN£135,000£130,000-£5,00023 Feb 202306 Nov 2023256 Days
41 Cavendish Close, Romsey, Hampshire, SO51 7HT£325,000£315,000-£10,00021 Mar 202303 Nov 2023227 Days
29 Brook Way, Romsey, Hampshire, SO51 7JZ£695,000£680,000-£15,00004 Jul 202331 Oct 2023119 Days
7 Sutherland Close, Romsey, Hampshire, SO51 7TH£325,000£320,000-£5,00027 Jul 202330 Oct 202395 Days
21 New Road, Romsey, Hampshire, SO51 7LL£630,000£630,000£0014 Aug 202323 Oct 202370 Days
7 Winchester Road, Crampmoor, Romsey, Hampshire, SO51 9AL£635,000£635,000£0014 Apr 202320 Oct 2023189 Days

Most Expensive Streets in Romsey

PostcodeStreetAreaAverageNo. of Sales
SO51 9BAStraight MileAmpfield£1,815,0004
SO51 9BBStraight MileAmpfield£1,315,0003
SO51 9AEHalterworth LaneRomsey£922,5003
SO51 7ABOxlease MeadowsRomsey£844,41235
SO51 8JYLinden GardensRomsey£820,0003
SO51 9LPMontfort HeightsRomsey£759,8333
SO51 9ALWinchester RoadCrampmoor£750,0003
SO51 9AJCrampmoor LaneCrampmoor£730,68111
SO51 7USCedar LawnRomsey£718,3333
SO51 7JLWoodley LaneCupernham£685,8333

Least Expensive Streets in Romsey

PostcodeStreetAreaAverageNo. of Sales
SO51 7TYSelborne CourtTavistock Close£109,1005
SO51 8QLHomemead HouseMiddlebridge Street, Romsey£111,53514
SO51 7TXWinchester CourtSutherland Close£111,73013
SO51 8HTBridge CourtMiddlebridge Street, Romsey£159,0628
SO51 7QNGreat Well DriveRomsey£163,06216
SO51 8PJDukes MillBroadwater Road£166,2504
SO51 8JNThe CourtyardLatimer Street, Romsey£174,8333
SO51 8AGMottisfont LodgeAlma Road£179,91612
SO51 8WJKnatchbull CloseRomsey£187,67121
SO51 8JQAbbey WalkRomsey£190,0003

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