8, Salem Road
8, Salem Road
Description & Estimates
8, Salem Road, Shanklin is recorded publicly as a period leasehold house across 613 ft2 of internal area, sitting on a 57.4 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 8, Salem Road, Shanklin is £225,583 and its rental estimate is £1,087 per month, given the available information and assuming reasonable condition.
Salem Road, Shanklin, PO37 falls within the PO37 postal district.
Our Data Sources
8, Salem Road, Shanklin has 41 entries in the Land Registry , most recently in August 2008 and a single entry in the EPC database dated February 2022.
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.
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 8, Salem Road, Shanklin, we estimate a market value of £236,862 and a rental value of £1,142 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £209,792 and £1,011 per month respectively.
Recent Market Change
Over the last year, 8, Salem Road, Shanklin has seen its estimated sale value drop by £3,667 (1.6%) and its estimated rental value rise by £63 per month (5.8%). This results in an estimated gross rental yield of 5.8%.
Plot Size
HM Land Registry records the plot of land for 8, Salem Road, Shanklin as measuring 57 m2.
That makes it the 8th largest plot in the postcode, where 8 of the 11 other houses have recorded plot data.
Energy Efficiency
8, Salem Road, Shanklin has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Feb 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 8, Salem Road, Shanklin completed on 8th August 2008 at £122,000 and was recorded by HM Land Registry as a leasehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 46.8% over the period since August 2008.
- Sold Aug 2008£122,000
- Sold Mar 2003£95,000
- Sold Nov 2001£80,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Salem Road, Shanklin have sold within a radius of 600 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th September 2024, was 6, Salem Road, Shanklin, PO37 6PE, a leasehold house which sold for £275,000.
Read more about house prices in PO37.
- Sold Sep 2024£275,000 | 2 Bed House6, Salem Road, Shanklin, PO37 6PE6, Salem Road, Shanklin, PO37 6PE
- Sold Jun 2023£251,000 | 2 Bed House19, Salem Road, Shanklin, PO37 6PE19, Salem Road, Shanklin, PO37 6PE
- Sold Oct 2022£250,000 | 2 Bed House2A, Paddock Road, Shanklin, PO37 6PD2A, Paddock Road, Shanklin, PO37 6PD
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 20 addresses on Salem Road, Shanklin, PO37, 8, Salem Road, Shanklin comes out as the 13th largest and the 10th most expensive in our analysis of the public data.
It is also £33k less expensive than the average property across the PO37 district.
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Schools Nearby
- 300mSt Blasius Shanklin CofE Primary Academy
- 1.4kmGatten and Lake Primary School
- 2.3kmBroadlea Primary School
- 4.0kmThe Island Free School
- 10.7kmLift Ryde
- 11.8kmChrist The King College
More reading links
Public Transport Nearby
From 8, Salem Road, Shanklin, the nearest station is Shanklin, 800 metres away.
- 800mShanklin
- 2.4kmLake
- 3.5kmSandown
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.
