38B, Madeira Road
38B, Madeira Road
Description & Estimates
According to the public record, 38B, Madeira Road, Ventnor is a period leasehold apartment with 1,313 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 38B, Madeira Road, Ventnor is £268,346 and the estimated rental value is £1,215 per month.
The apartment is within 38, Madeira Road, Ventnor, PO38.
Madeira Road, Ventnor, PO38 is located within the PO38 postal district.
Our Data Sources
38B, Madeira Road, Ventnor has a single entry in the Land Registry from October 2022 and a single entry in the EPC database dated June 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
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 38B, Madeira Road, Ventnor is in very good condition we estimate a sale value of £281,764 and a rental value of £1,276 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £249,562 and a rental value of £1,130 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 38B, Madeira Road, Ventnor has declined by £17,374 (6.5%), while its estimated rental value has climbed by £27 per month (2.2%). Based on current estimates, the property offers a gross rental yield of 5.4%.
Energy Efficiency
38B, Madeira Road, Ventnor has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Jun 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
According to HM Land Registry, 38B, Madeira Road, Ventnor was last sold on 18th October 2022 for £370,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since October 2022, the market for similar properties has dropped by 16.6%.
- Sold Oct 2022£370,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38B, Madeira Road, Ventnor within a radius of 900 metres over the last 2 years.
The most recent example is 37B, Madeira Road, Ventnor, PO38 1QS, a leasehold flat which sold for £285,000 on the 18th December 2024.
Read more about house prices in PO38.
- Sold Dec 2024£285,000 | 3 Bed Flat37B, Madeira Road, Ventnor, PO38 1QS37B, Madeira Road, Ventnor, PO38 1QS
- Sold Feb 2024£380,000 | 3 Bed Flat38A, Madeira Road, Ventnor, PO38 1QS38A, Madeira Road, Ventnor, PO38 1QS
- Sold Nov 2020£133,000 | 3 Bed Flat25A, Madeira Road, Ventnor, PO38 1QS25A, Madeira Road, Ventnor, PO38 1QS
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Madeira Road, Ventnor, PO38 has a total of 162 addresses. According to our analysis of all the public data, 38B, Madeira Road, Ventnor is the 40th largest and the 49th most expensive property on the street.
When compared to the postcode district it is £52k less expensive than the average property in PO38.
More reading links
Schools Nearby
- 1.8kmSt Francis Catholic and Church of England Primary Academy
- 2.9kmWroxall Primary School
- 3.8kmSt Blasius Shanklin CofE Primary Academy
- 1.6kmThe Island Free School
- 13.5kmChrist The King College
- 14.0kmCarisbrooke College
More reading links
Public Transport Nearby
The closest station to 38B, Madeira Road, Ventnor is Shanklin station, which is 4.3 kilometres away.
- 4.3kmShanklin
- 5.9kmLake
- 7.1kmSandown
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
