12A, Spring Gardens
12A, Spring Gardens
Description & Estimates
12A, Spring Gardens, Shanklin is recorded publicly as a period leasehold apartment across 796 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 12A, Spring Gardens, Shanklin is £119,005 and its rental estimate is £795 per month, given the available information and assuming reasonable condition.
12, Spring Gardens is a residential building on Spring Gardens, Shanklin, PO37 and falls within the PO37 postal district.
Our Data Sources
12A, Spring Gardens, Shanklin has 31 entries in the Land Registry , most recently in March 2017 and a single entry in the EPC database dated October 2016.
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 12A, Spring Gardens, Shanklin, we estimate a market value of £124,955 and a rental value of £835 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £110,675 and £739 per month respectively.
Recent Market Change
Over the last year, 12A, Spring Gardens, Shanklin has seen its estimated sale value drop by £5,168 (4.3%) and its estimated rental value rise by £30 per month (3.7%). This results in an estimated gross rental yield of 8.0%.
Energy Efficiency
12A, Spring Gardens, Shanklin has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Oct 2016.
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 12A, Spring Gardens, Shanklin completed on 1st March 2017 at £112,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 26.3% over the period since March 2017.
- Sold Mar 2017£112,000
- Sold Dec 2000£38,950
- Sold May 1997£25,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 12A, Spring Gardens, Shanklin have sold within a radius of 480 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 5th July 2024, was 15, Spring Gardens, Shanklin, PO37 7AQ, a leasehold flat which sold for £155,000.
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 45 addresses on Spring Gardens, Shanklin, PO37, 12A, Spring Gardens, Shanklin comes out as the 25th largest and the 26th most expensive in our analysis of the public data.
It is also £140k less expensive than the average property across the PO37 district.
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Schools Nearby
- 500mSt Blasius Shanklin CofE Primary Academy
- 900mGatten and Lake Primary School
- 1.7kmBroadlea Primary School
- 4.6kmThe Island Free School
- 10.2kmLift Ryde
- 11.6kmMedina College
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Public Transport Nearby
From 12A, Spring Gardens, Shanklin, the nearest station is Shanklin, 300 metres away.
- 300mShanklin
- 1.8kmLake
- 3.0kmSandown
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.
