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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
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Flat 1, 1, Spring Gardens, Shanklin is described in the public record as a modern apartment with 269 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of Flat 1, 1, Spring Gardens, Shanklin is £70,779 and its rental estimate is £542 per month, given the available information and assuming reasonable condition.
1, Spring Gardens is a residential building on Spring Gardens, Shanklin, PO37 and falls within the PO37 postal district.
Flat 1, 1, Spring Gardens, Shanklin has no records in the the Land Registry and a single entry in the EPC database dated November 2018.
We combine this information with public data 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.
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 Flat 1, 1, Spring Gardens, Shanklin, we estimate a market value of £74,318 and a rental value of £569 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £65,824 and £504 per month respectively.
Over the last year, Flat 1, 1, Spring Gardens, Shanklin has seen its estimated sale value decline by £3,564 (5.0%) and its estimated rental value climb by £17 per month (3.1%). This results in an estimated gross rental yield of 9.2%.
Flat 1, 1, Spring Gardens, Shanklin has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Nov 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Over the past 2 years 3 properties similar to Flat 1, 1, 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 27th November 2023, was 22D, High Street, Shanklin, PO37 6JY, a leasehold flat which sold for £100,000.
Read more about house prices in PO37.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 45 addresses on Spring Gardens, Shanklin, PO37, Flat 1, 1, Spring Gardens, Shanklin comes out as the 44th largest and the 44th most expensive in our analysis of the public data.
It is also £188k less expensive than the average property across the PO37 district.
From Flat 1, 1, Spring Gardens, Shanklin, the nearest station is Shanklin, 300 metres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 1, 1, Spring Gardens, Shanklin, 35.2% of property is privately rented and 30.3% is privately owned outright.
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 Flat 1, 1, Spring Gardens, Shanklin, 13.0% of residents are recorded as possessing school level qualifications and 22.2% 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 Flat 1, 1, Spring Gardens, 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 Flat 1, 1, Spring Gardens, Shanklin, 0.6% 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 Flat 1, 1, Spring Gardens, Shanklin, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.
