Flat 3, Greycliff
Flat 3, Greycliff
Description & Estimates
Flat 3, Greycliff, Ventnor is recorded publicly as a period leasehold apartment across 441 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of Flat 3, Greycliff, Ventnor is £123,971 and its rental estimate is £825 per month, given the available information and assuming reasonable condition.
Greycliff, The Pitts is a residential building on The Pitts, Ventnor, PO38 and falls within the PO38 postal district.
Our Data Sources
Flat 3, Greycliff, Ventnor has 61 entries in the Land Registry , most recently in April 2022 and a single entry in the EPC database dated May 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 3, Greycliff, Ventnor, we estimate a market value of £130,170 and a rental value of £867 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £115,293 and £768 per month respectively.
Recent Market Change
Over the last year, Flat 3, Greycliff, Ventnor has seen its estimated sale value decline by £6,557 (5.3%) and its estimated rental value climb by £27 per month (3.3%). This results in an estimated gross rental yield of 8.0%.
Energy Efficiency
Flat 3, Greycliff, Ventnor has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 May 2019.
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 Flat 3, Greycliff, Ventnor completed on 14th April 2022 at £120,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 6 times.
Values of comparable properties have dropped by 11.4% over the period since April 2022.
- Sold Apr 2022£120,000
- Sold Sep 2009£123,500
- Sold Aug 2007£121,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 3, Greycliff, Ventnor have sold within a radius of 1.4 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 23rd May 2022, was Flat 3, Lyncroft 4, Spring Gardens, Ventnor, PO38 1QX, a leasehold flat which sold for £125,000.
Read more about house prices in PO38.
- Sold May 2022£125,000 | 2 Bed FlatLyncroft 4, Spring GardensFlat 3, Lyncroft 4, Spring Gardens, Ventnor, PO38 1QX
- Sold Oct 2020£70,000 | 2 Bed Flat15, Spring GardensFlat 3, 15, Spring Gardens, Ventnor, PO38 1QX
- Sold Aug 2014£95,000 | 2 Bed FlatGreycliff, The PittsFlat 2, Greycliff, The Pitts, Ventnor, PO38 1NT
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 28 addresses on The Pitts, Ventnor, PO38, Flat 3, Greycliff, Ventnor comes out as the 25th largest and the 26th most expensive in our analysis of the public data.
It is also £196k less expensive than the average property across the PO38 district.
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Schools Nearby
- 2.2kmSt Francis Catholic and Church of England Primary Academy
- 2.9kmWroxall Primary School
- 3.3kmSt Blasius Shanklin CofE Primary Academy
- 2.0kmThe Island Free School
- 13.5kmChrist The King College
- 13.7kmLift Ryde
More reading links
Public Transport Nearby
From Flat 3, Greycliff, Ventnor, the nearest station is Shanklin, 3.8 kilometres away.
- 3.8kmShanklin
- 5.4kmLake
- 6.6kmSandown
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.
