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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Cedar Drive, Shanklin is a mid-century freehold house with 861 ft2 of internal area and sits on a 492 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Cedar Drive, Shanklin is £313,232 and the estimated rental value is £1,252 per month.
Cedar Drive, Shanklin, PO37 is located within the PO37 postal district.
2, Cedar Drive, Shanklin has 31 entries in the Land Registry , most recently in July 2012 and a single entry in the EPC database dated November 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Cedar Drive, Shanklin is in very good condition we estimate a sale value of £328,893 and a rental value of £1,314 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £291,306 and a rental value of £1,164 per month.
Over the last 12 months the sale value of 2 Cedar Drive Shanklin has decreased by an estimated £10,080 (3.2%) and its rental value has increased by an estimated £65 per month (5.2%), giving an expected gross yield of 4.8%.
According to data from HM Land Registry, 2, Cedar Drive, Shanklin sits on a plot of 492m2.
We have plot size data on 5 out of 5 other houses in the postcode and 2, Cedar Drive, Shanklin sits on the 2nd largest plot.
2, Cedar Drive, Shanklin has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Nov 2016.
The property is connected to mains gas and has fully triple glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Cedar Drive, Shanklin was last sold on 17th July 2012 for £178,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since July 2012, the market for similar properties has risen 34.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Cedar Drive, Shanklin within a radius of 700 metres over the last 2 years.
The most recent example is 6, Whitecross Avenue, Shanklin, PO37 7EW, a freehold house which sold for £305,000 on the 12th January 2024.
Read more about house prices in PO37.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cedar Drive, Shanklin, PO37 has a total of 15 addresses. According to our analysis of all the public data, 2, Cedar Drive, Shanklin is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £55k more expensive than the average property in PO37.
The closest station to 2, Cedar Drive, Shanklin is Shanklin station which is 700 metres away.
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 2, Cedar Drive, Shanklin, 79.3% of property is privately owned outright and 14.9% is privately owned with a mortgage.
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 2, Cedar Drive, Shanklin, 8.7% 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 2, Cedar Drive, Shanklin, the average age was 51.2 and the most common age was 72.
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 2, Cedar Drive, Shanklin, 0.8% 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 2, Cedar Drive, Shanklin, there are an average of 1.2 cars per household.
See below for how this compares to South East and the rest of England & Wales.
