Flat 3, Vernon Lodge 2
Flat 3, Vernon Lodge 2
Description & Estimates
The public record describes Flat 3, Vernon Lodge 2, Ryde as a period apartment with 495 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 3, Vernon Lodge 2, Ryde has an estimated sale value of £276,916 and an estimated rental value of £1,308 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 3, Vernon Lodge 2, Ryde has no records in the the Land Registry and a single entry in the EPC database dated January 2019.
We combine this information with public data 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 3, Vernon Lodge 2, Ryde would be worth £290,762, with a potential rental value of £1,373 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £257,532, with a rental value of £1,216 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 3, Vernon Lodge 2, Ryde has declined by £9,337 (3.4%) over the last year. During the same period, its estimated monthly rental value has climbed by £45 (3.4%). The property's estimated gross yield is currently 5.7%.
Energy Efficiency
Flat 3, Vernon Lodge 2, Ryde has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 10 Jan 2019.
The property is connected to mains gas and has single glazed windows. It is heated using Electric storage heaters.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 1 sale of a comparable property within 370 metres of Flat 3, Vernon Lodge 2, Ryde across the last 2 years.
Most recently, Flat 5, Vernon Lodge 2, Vernon Square, Ryde, PO33 2JQ, a leasehold flat, sold at £76,000 on the 25th November 2019.
Read more about house prices in PO33.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Flat 3, Vernon Lodge 2, Ryde as the 32nd largest and the 14th most expensive of the 41 addresses on Vernon Square, Ryde, PO33.
Against the PO33 postcode district average, it is £5k more expensive than the typical property.
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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
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Public Transport Nearby
Ryde Hoverport station is the nearest stop to Flat 3, 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.
