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1 Spring Gardens is a residential building situated on Spring Gardens, Shanklin, PO37 with 4 addresses.
It ranks as the 469th largest and 64th most expensive of the 794 buildings in the PO37 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 4 properties: 4 flats.
1 Spring Gardens is a residential building situated on Spring Gardens, Shanklin, PO37 with 4 addresses.
It ranks as the 469th largest and 64th most expensive of the 794 buildings in the PO37 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 4 properties: 4 flats.
Sale prices range from £65,293 for 1 bedroom leasehold flats (226 ft2) to £193,798 for 3 bedroom freehold houses with a garden (775 ft2) .
Monthly rental prices range from £500 pcm for 1 bed flats to £1,237 pcm for 3 bed houses.
The gross rental yield is between 7.7% and 9.2%.
The average value per square foot is £257.
The last sale in 1 Spring Gardens sold for £195,000 on 18th September 2015. Since then prices are up an average of 24.3%.
The current average value in the building is £110,325.
The 1 Spring Gardens Sales Market has increased by 20.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -4.1% | £110,325 |
| May 2025 | -0.9% | £115,007 |
| May 2024 | -5.3% | £116,090 |
| May 2023 | 2.4% | £122,588 |
| May 2022 | 10.1% | £119,696 |
| May 2021 | 11.1% | £108,680 |
| May 2020 | 3.6% | £97,840 |
| May 2019 | 2.3% | £94,463 |
| May 2018 | 0.1% | £92,353 |
| May 2017 | 1.2% | £92,301 |
| May 2016 | 4.9% | £91,223 |
| May 2015 | -0.3% | £86,937 |
| May 2014 | 4.3% | £87,203 |
| May 2013 | -0.3% | £83,605 |
| May 2012 | -2.8% | £83,829 |
| May 2011 | -1.3% | £86,202 |
| May 2010 | 3.9% | £87,346 |
| May 2009 | -12.8% | £84,078 |
| May 2008 | -1.7% | £96,411 |
| May 2007 | 0% | £98,124 |
The current average rental value in the building is £764.
The 1 Spring Gardens Rental Market has increased by 44.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 4% | £764pcm |
| May 2025 | 4.5% | £734pcm |
| May 2024 | 6% | £703pcm |
| May 2023 | 5.9% | £664pcm |
| May 2022 | 8.9% | £626pcm |
| May 2021 | 8.1% | £575pcm |
| May 2020 | 1.4% | £532pcm |
| May 2019 | 2.4% | £525pcm |
| May 2018 | -2.5% | £513pcm |
| May 2017 | -0.6% | £526pcm |
| May 2016 | 5.5% | £529pcm |
| May 2015 | 4.8% | £502pcm |
| May 2014 | 1.8% | £479pcm |
| May 2013 | 1.2% | £470pcm |
| May 2012 | 0.1% | £464pcm |
| May 2011 | 1.9% | £464pcm |
| May 2010 | 4.1% | £455pcm |
| May 2009 | -5% | £437pcm |
| May 2008 | 2.1% | £461pcm |
| May 2007 | 0% | £451pcm |
The last sale was on 18th September 2015 for £195,000 and since then the market in the area has increased by 24.3%. The building has had a total of 2 sales since 1995.
1, Spring Gardens, Shanklin, PO37 7AQ has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 1, Spring Gardens, Shanklin, PO37 7AQ is Shanklin station which is 300 metres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Spring Gardens, Shanklin, PO37 7AQ, 35.2% of property is privately rented and 30.3% is privately owned outright.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Spring Gardens, Shanklin, PO37 7AQ, 13.0% of residents are recorded as possessing school level qualifications and 22.2% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Spring Gardens, Shanklin, PO37 7AQ, the average age was 49.3 and the most common age was 62.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Spring Gardens, Shanklin, PO37 7AQ, 0.6% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Spring Gardens, Shanklin, PO37 7AQ, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.