1-bedroom property · SO51 8QL
For saleListed 738 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Location: Homemead House is discreetly nestled along Middlebridge Street, one of Romsey's most historic roads, home to some of the town's oldest and most characterful properties.
Just a short stroll away lies Romsey town centre, a vibrant hub with a strong sense of community and rich history.
At its heart stands the magnificent Norman Abbey, surrounded by an inviting mix of coffee houses, tearooms, bars, and restaurants, alongside a Waitrose superstore and an eclectic selection of boutique shops, independent retailers, and familiar High Street brands.
Excellent transport links include bus and train stations offering direct connections to Winchester, Salisbury, and Southampton, while the nearby M3/M27 provides convenient access to London and the South Coast.
Accommodation: Entry to the development is via a secure intercom system, leading into a welcoming main entrance area.
Residents benefit from well-maintained communal hallways, providing access to the residents' lounge and laundry room, as well as stairs and a passenger lift to the upper floors.
The apartment is located on the second floor, with a private front door opening into its entrance hall, which includes a built-in storage cupboard and access to all principal rooms.
The sitting room enjoys a bright double aspect, with charming views over the residents' gardens, creating a peaceful and inviting space.
An adjoining kitchen is fitted with a range of units, a built-in oven and hob, and benefits from a Velux roof window, ensuring natural light and ventilation.
The double bedroom is generously sized and features a built-in double wardrobe, while also overlooking the beautifully maintained gardens.
The shower room is equipped with a modern walk-in shower cubicle, pedestal wash basin, and WC.
Outside: Residents and visitors enjoy private parking at the front of the building, along with a garage/store complete with power supply, making it ideal for electric wheelchair storage and charging.
The rear gardens are well-maintained and provide a tranquil setting for residents to relax and enjoy the outdoors.
Leasehold: Ground Rent: £878.78 for the year, paid half yearly £439.39 Maintenance Charge: £2,465.60 for the year Lease Remaining: Residue of 98 years from 1 September 1981 (55 years remaining as of July 2025).
Test Valley Council Tax: Band: B, Price: £1,714.24 for the year 2025/26
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Middlebridge Street, Romsey
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