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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
According to the public record, 7, Hope Road, Shanklin is a period freehold house with 2,088 ft2 of internal area and sits on a 248 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, Hope Road, Shanklin is £341,958 and the estimated rental value is £1,714 per month.
Hope Road, Shanklin, PO37 is located within the PO37 postal district.
7, Hope Road, Shanklin has a single entry in the Land Registry from August 2020 and a single entry in the EPC database dated January 2017.
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 7, Hope Road, Shanklin is in very good condition we estimate a sale value of £359,056 and a rental value of £1,800 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £318,021 and a rental value of £1,594 per month.
Over the last 12 months the sale value of 7 Hope Road Shanklin has decreased by an estimated £14,473 (4.2%) and its rental value has increased by an estimated £65 per month (3.8%), giving an expected gross yield of 6%.
According to data from HM Land Registry, 7, Hope Road, Shanklin sits on a plot of 248m2.
We have plot size data on 8 out of 13 other houses in the postcode and 7, Hope Road, Shanklin sits on the 9th largest plot.
7, Hope Road, Shanklin has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Jan 2017.
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, 7, Hope Road, Shanklin was last sold on 14th August 2020 for £260,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since August 2020, the market for similar properties has risen 29.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Hope Road, Shanklin within a radius of 570 metres over the last 2 years.
The most recent example is 8, Palmerston Road, Shanklin, PO37 6AS, a freehold house which sold for £584,000 on the 10th March 2023.
Read more about house prices in PO37.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hope Road, Shanklin, PO37 has a total of 97 addresses. According to our analysis of all the public data, 7, Hope Road, Shanklin is the 3rd largest and the 4th most expensive property on the street.
When compared to the postcode district it is £83k more expensive than the average property in PO37.
The closest station to 7, Hope Road, Shanklin is Shanklin station which is 400 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around 7, Hope Road, Shanklin, 52.1% of property is privately owned outright and 30.8% 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 7, Hope Road, Shanklin, 5.8% of residents are recorded as possessing school level qualifications and 24.5% 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 7, Hope Road, Shanklin, the average age was 49.3 and the most common age was 62.
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 7, Hope Road, Shanklin, 1.0% 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 7, Hope Road, Shanklin, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.
