Flat 1, Vernon Lodge 2
Flat 1, Vernon Lodge 2
Description & Estimates
Public records show Flat 1, Vernon Lodge 2, Ryde to be a period leasehold apartment with 775 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a garden.
Flat 1, Vernon Lodge 2, Ryde has an estimated sale value of £374,894 and an estimated rental value of £1,528 per month, assuming reasonable condition and based on the information available.
The apartment sits within Vernon Lodge, Vernon Square, Ryde, PO33.
Vernon Square, Ryde, PO33 lies within the PO33 postal district.
Our Data Sources
Flat 1, Vernon Lodge 2, Ryde has a single entry in the Land Registry from July 2014 and a single entry in the EPC database dated March 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate Flat 1, Vernon Lodge 2, Ryde would be worth £393,639, with a potential rental value of £1,604 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £348,652, with a rental value of £1,421 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 1, Vernon Lodge 2, Ryde has fallen by £10,338 (2.8%) over the last year. During the same period, its estimated monthly rental value has moved up by £62 (4.1%). The property's estimated gross yield is currently 4.9%.
Energy Efficiency
Flat 1, Vernon Lodge 2, Ryde has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Mar 2019.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 1, Vernon Lodge 2, Ryde last changed hands on 24th July 2014, selling for £580,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 61.3% since July 2014.
- Sold Jul 2014£580,000
Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales within 370 metres of Flat 1, Vernon Lodge 2, Ryde across the last 2 years.
Most recently, Flat 8, Calshot House 1, Belvedere Street, Ryde, PO33 2JN, a leasehold flat, sold at £445,000 on the 15th January 2020.
Read more about house prices in PO33.
- Sold Jan 2020£445,000 | 2 Bed FlatFlat 8, Calshot House 1, Belvedere Street, Ryde, PO33 2JNFlat 8, Calshot House 1, Belvedere Street, Ryde, PO33 2JN
- Sold Nov 2019£76,000 | 2 Bed FlatFlat 5, Vernon Lodge 2, Vernon Square, Ryde, PO33 2JQFlat 5, Vernon Lodge 2, Vernon Square, Ryde, PO33 2JQ
- Sold Jul 2014£580,000 | 4 Bed Flat3, Vernon Square, Ryde, PO33 2JQ3, Vernon Square, Ryde, PO33 2JQ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Flat 1, Vernon Lodge 2, Ryde as the 11th largest and the 5th most expensive of the 41 addresses on Vernon Square, Ryde, PO33.
Against the PO33 postcode district average, it is £103k more expensive than the typical property.
More reading links
Schools Nearby
- 200mDover Park Primary School
- 800mSt Mary's Catholic Primary School
- 1.0kmOakfield Church of England Aided Primary School, Ryde
- 1.3kmLift Ryde
- 6.4kmKing's Academy Bay House
- 8.9kmMedina College
More reading links
Public Transport Nearby
Ryde Hoverport station is the nearest stop to Flat 1, Vernon Lodge 2, Ryde at 400 metres away.
- 400mRyde Hoverport
- 400mRyde Esplanade
- 600mRyde St Johns Road
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
