Flat 1, 2
Flat 1, 2
Description & Estimates
Flat 1, 2, Salem Road, Shanklin appears in the public record as a leasehold apartment.
We estimate it to be a mid-century apartment with 735 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 1, 2, Salem Road, Shanklin is £155,408 and its rental estimate is £819 per month, given the available information and assuming reasonable condition.
2, Salem Road is a residential building on Salem Road, Shanklin, PO37 and falls within the PO37 postal district.
Our Data Sources
Flat 1, 2, Salem Road, Shanklin has a single entry in the Land Registry from December 2022 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 Flat 1, 2, Salem Road, Shanklin, we estimate a market value of £163,179 and a rental value of £860 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £144,530 and £762 per month respectively.
Recent Market Change
Over the last year, Flat 1, 2, Salem Road, Shanklin has seen its estimated sale value drop by £7,892 (5.1%) and its estimated rental value rise by £24 per month (3.0%). This results in an estimated gross rental yield of 6.3%.
Sold Prices
The most recent sale of Flat 1, 2, Salem Road, Shanklin completed on 14th December 2022 at £165,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 10.8% over the period since December 2022.
- Sold Dec 2022£165,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 1, 2, Salem Road, Shanklin have sold within a radius of 590 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 23rd July 2025, was Flat 8, Corinthian Court, Cross Street, Shanklin, PO37 6BU, a leasehold flat which sold for £172,500.
Read more about house prices in PO37.
- Sold Jul 2025£172,500 | 3 Bed FlatCorinthian Court, Cross StreetFlat 8, Corinthian Court, Cross Street, Shanklin, PO37 6BU
- Sold May 2023£127,500 | 2 Bed FlatCorinthian Court, Cross StreetFlat 6, Corinthian Court, Cross Street, Shanklin, PO37 6BU
- Sold Feb 2023£170,000 | 2 Bed Flat2, Salem RoadFlat 4, 2, Salem Road, Shanklin, PO37 6PE
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 20 addresses on Salem Road, Shanklin, PO37, Flat 1, 2, Salem Road, Shanklin comes out as the 10th largest and the 13th most expensive in our analysis of the public data.
It is also £103k 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 Flat 1, 2, 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.
