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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, Grange Gardens, Bembridge is a modern leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Grange Gardens, Bembridge is £170,432 and the estimated rental value is £1,118 per month.
Grange Gardens, Bembridge, PO35 is located within the PO35 postal district.
2, Grange Gardens, Bembridge has 31 entries in the Land Registry , most recently in February 2022 and a single entry in the EPC database dated October 2019.
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, Grange Gardens, Bembridge is in very good condition we estimate a sale value of £178,954 and a rental value of £1,174 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £158,502 and a rental value of £1,040 per month.
Over the last 12 months the sale value of 2 Grange Gardens Bembridge has decreased by an estimated £7,937 (4.7%) and its rental value has increased by an estimated £36 per month (3.3%), giving an expected gross yield of 7.9%.
2, Grange Gardens, Bembridge has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Oct 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Grange Gardens, Bembridge was last sold on 4th February 2022 for £180,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since February 2022, the market for similar properties has dropped 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Grange Gardens, Bembridge within a radius of 1.2 kilometres over the last 2 years.
The most recent example is 8, Grange Gardens, Bembridge, PO35 5SR, a leasehold flat which sold for £160,000 on the 2nd March 2023.
Read more about house prices in PO35.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grange Gardens, Bembridge, PO35 has a total of 22 addresses. According to our analysis of all the public data, 2, Grange Gardens, Bembridge is the 13th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £309k less expensive than the average property in PO35.
The closest station to 2, Grange Gardens, Bembridge is Brading station which is 3.5 kilometres 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, Grange Gardens, Bembridge, 70.6% of property is privately owned outright and 17.7% is privately rented.
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, Grange Gardens, Bembridge, 7.9% of residents are recorded as possessing school level qualifications and 29.1% 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, Grange Gardens, Bembridge, the average age was 54.4 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, Grange Gardens, Bembridge, 0.0% 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, Grange Gardens, Bembridge, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.
