1 Lucerne, Freshwater
1 Lucerne, Freshwater
Description & Estimates
1 Lucerne, Freshwater is described in the public record as a period apartment with 656 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 1 Lucerne, Freshwater is £182,269 and its rental estimate is £1,036 per month, given the available information and assuming reasonable condition.
Lucerne, Gate Lane is a residential building on Gate Lane, Freshwater, PO40 and falls within the PO40 postal district.
Our Data Sources
1 Lucerne, Freshwater has no recent1 records in the the Land Registry and a single entry in the EPC database dated March 2016.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1 Lucerne, Freshwater, we estimate a market value of £191,382 and a rental value of £1,087 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £169,510 and £963 per month respectively.
Recent Market Change
Over the last year, 1 Lucerne, Freshwater has seen its estimated sale value drop by £9,003 (4.9%) and its estimated rental value rise by £33 per month (3.2%). This results in an estimated gross rental yield of 6.8%.
Energy Efficiency
1 Lucerne, Freshwater has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 30 Mar 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 1 Lucerne, Freshwater completed on 28th April 2006 at £185,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
- Sold Apr 2006£185,000
- Sold Apr 2002£73,950
- Sold Aug 1996£28,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1 Lucerne, Freshwater have sold within a radius of 1.5 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 15th December 2023, was Flat 3, St. Margarets, Victoria Road, Freshwater, PO40 9PU, a leasehold flat which sold for £200,000.
Read more about house prices in PO40.
- Sold Dec 2023£200,000 | 2 Bed FlatSt. Margarets, Victoria RoadFlat 3, St. Margarets, Victoria Road, Freshwater, PO40 9PU
- Sold Nov 2021£240,000 | 2 Bed FlatBayclose, Terrace LaneFlat 10, Bayclose, Terrace Lane, Freshwater, PO40 9QE
- Sold May 2017£180,000 | 2 Bed FlatArdfern, Gate LaneFlat 1, Ardfern, Gate Lane, Freshwater, PO40 9QD
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 55 addresses on Gate Lane, Freshwater, PO40, 1 Lucerne, Freshwater comes out as the 42nd largest and the 39th most expensive in our analysis of the public data.
It is also £165k less expensive than the average property across the PO40 district.
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Schools Nearby
- 1.8kmSt Saviour's Catholic Primary School
- 3.7kmFreshwater & Yarmouth Church of England Aided Primary School
- 6.4kmShalfleet Church of England Primary School
- 9.3kmPriestlands School
- 13.5kmThe Arnewood School
- 14.4kmCarisbrooke College
More reading links
Public Transport Nearby
From 1 Lucerne, Freshwater, the nearest station is Lymington Pier, 9.5 kilometres away.
- 9.5kmLymington Pier
- 9.9kmLymington Town
- 13.6kmNew Milton
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
