23, Wheeler Way
23, Wheeler Way
Description & Estimates
23, Wheeler Way, Shanklin is recorded publicly as a mid-century freehold house across 731 ft2 of internal area, sitting on a 360 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 23, Wheeler Way, Shanklin is £315,955 and its rental estimate is £1,163 per month, given the available information and assuming reasonable condition.
Wheeler Way, Shanklin, PO37 falls within the PO37 postal district.
Our Data Sources
23, Wheeler Way, Shanklin has 21 entries in the Land Registry , most recently in July 2022 and a single entry in the EPC database dated March 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 23, Wheeler Way, Shanklin, we estimate a market value of £331,753 and a rental value of £1,221 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £293,838 and £1,081 per month respectively.
Recent Market Change
Over the last year, 23, Wheeler Way, Shanklin has seen its estimated sale value decline by £8,873 (2.8%) and its estimated rental value climb by £62 per month (5.4%). This results in an estimated gross rental yield of 4.4%.
Plot Size
HM Land Registry records the plot of land for 23, Wheeler Way, Shanklin as measuring 360 m2.
That makes it the 9th largest plot in the postcode, where all 10 other houses have recorded plot data.
Energy Efficiency
23, Wheeler Way, Shanklin has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Mar 2022.
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 23, Wheeler Way, Shanklin completed on 22nd July 2022 at £340,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 4.6% over the period since July 2022.
- Sold Jul 2022£340,000
- Sold Mar 1996£59,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 23, Wheeler Way, Shanklin have sold within a radius of 650 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 15th November 2024, was 22, Fir Tree Close, Shanklin, PO37 7EX, a freehold house which sold for £292,000.
Read more about house prices in PO37.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 20 addresses on Wheeler Way, Shanklin, PO37, 23, Wheeler Way, Shanklin comes out as the 15th largest and the 8th most expensive in our analysis of the public data.
It is also £57k more expensive than the average property across the PO37 district.
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Schools Nearby
- 200mGatten and Lake Primary School
- 800mBroadlea Primary School
- 1.4kmSt Blasius Shanklin CofE Primary Academy
- 5.5kmThe Island Free School
- 9.2kmLift Ryde
- 11.0kmMedina College
More reading links
Public Transport Nearby
From 23, Wheeler Way, Shanklin, the nearest station is Lake, 800 metres away.
- 800mLake
- 900mShanklin
- 2.0kmSandown
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.
