2 Spring Cottages, Ventnor
2 Spring Cottages, Ventnor
Description & Estimates
2 Spring Cottages, Ventnor is recorded publicly as a period freehold house across 667 ft2 of internal area, sitting on a 403 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2 Spring Cottages, Ventnor is £258,879 and its rental estimate is £1,399 per month, given the available information and assuming reasonable condition.
Rectory Road, Niton, Ventnor, PO38 falls within the PO38 postal district.
Our Data Sources
2 Spring Cottages, Ventnor has 31 entries in the Land Registry , most recently in August 2013 and a single entry in the EPC database dated May 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 2 Spring Cottages, Ventnor, we estimate a market value of £271,823 and a rental value of £1,469 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £240,758 and £1,301 per month respectively.
Recent Market Change
Over the last year, 2 Spring Cottages, Ventnor has seen its estimated sale value move down by £8,906 (3.4%) and its estimated rental value increase by £80 per month (5.7%). This results in an estimated gross rental yield of 6.5%.
Plot Size
HM Land Registry records the plot of land for 2 Spring Cottages, Ventnor as measuring 403 m2.
That makes it the 3rd largest plot in the postcode, where all 4 other houses have recorded plot data.
Energy Efficiency
2 Spring Cottages, Ventnor has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 14 May 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
The most recent sale of 2 Spring Cottages, Ventnor completed on 9th August 2013 at £169,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 39.0% over the period since August 2013.
- Sold Aug 2013£169,000
- Sold Dec 2001£96,000
- Sold Apr 1996£47,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2 Spring Cottages, Ventnor have sold within a radius of 4.3 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th October 2023, was 1 Brooklyn Cottages, Church Street, Ventnor, PO38 2DA, a freehold house which sold for £290,000.
Read more about house prices in PO38.
- Sold Oct 2023£290,000 | 2 Bed House1 Brooklyn Cottages, Church Street, Ventnor, PO38 2DA1 Brooklyn Cottages, Church Street, Ventnor, PO38 2DA
- Sold May 2021£290,000 | 3 Bed HouseRandom Stones, Rectory Road, Ventnor, PO38 2AURandom Stones, Rectory Road, Ventnor, PO38 2AU
- Sold Sep 2014£167,500 | 3 Bed House1 Spring Cottages, Rectory Road, Ventnor, PO38 2DL1 Spring Cottages, Rectory Road, Ventnor, PO38 2DL
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 34 addresses on Rectory Road, Niton, Ventnor, PO38, 2 Spring Cottages, Ventnor comes out as the 28th largest and the 27th most expensive in our analysis of the public data.
It is also £62k less expensive than the average property across the PO38 district.
More reading links
Schools Nearby
- 300mNiton Primary School
- 4.5kmSt Francis Catholic and Church of England Primary Academy
- 5.3kmWroxall Primary School
- 4.7kmThe Island Free School
- 11.9kmChrist The King College
- 12.3kmCarisbrooke College
More reading links
Public Transport Nearby
From 2 Spring Cottages, Ventnor, the nearest station is Shanklin, 8.8 kilometres away.
- 8.8kmShanklin
- 10.4kmLake
- 11.3kmSandown
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
