Flat 4, Vernon Lodge 2
Flat 4, Vernon Lodge 2
Description & Estimates
Flat 4, Vernon Lodge 2, Ryde is described in the public record as a period apartment with 1,151 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of Flat 4, Vernon Lodge 2, Ryde is £496,293 and its rental estimate is £1,922 per month, given the available information and assuming reasonable condition.
Vernon Lodge, Vernon Square is a residential building on Vernon Square, Ryde, PO33 and falls within the PO33 postal district.
Our Data Sources
Flat 4, Vernon Lodge 2, Ryde has no records in the the Land Registry and a single entry in the EPC database dated September 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
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 4, Vernon Lodge 2, Ryde, we estimate a market value of £521,107 and a rental value of £2,019 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £461,552 and £1,788 per month respectively.
Recent Market Change
Over the last year, Flat 4, Vernon Lodge 2, Ryde has seen its estimated sale value move down by £18,597 (3.7%) and its estimated rental value increase by £61 per month (3.2%). This results in an estimated gross rental yield of 4.6%.
Energy Efficiency
Flat 4, Vernon Lodge 2, Ryde has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Sep 2019.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 370 metres of Flat 4, Vernon Lodge 2, Ryde, per the Land Registry and our network of Estate Agents.
The latest, on the 25th November 2019, was Flat 5, Vernon Lodge 2, Vernon Square, Ryde, PO33 2JQ, a leasehold flat which sold for £76,000.
Read more about house prices in PO33.
- Sold Nov 2019£76,000 | 2 Bed FlatVernon Lodge 2, Vernon SquareFlat 5, Vernon Lodge 2, Vernon Square, Ryde, PO33 2JQ
- Sold Jul 2014£580,000 | 2 Bed FlatVernon Lodge 2, Vernon SquareFlat 1, Vernon Lodge 2, Vernon Square, Ryde, PO33 2JQ
- Sold Jul 2014£580,000 | 4 Bed FlatVernon Square3, Vernon Square, Ryde, PO33 2JQ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 41 addresses on Vernon Square, Ryde, PO33, Flat 4, Vernon Lodge 2, Ryde comes out as the 7th largest and the 3rd most expensive in our analysis of the public data.
It is also £224k more expensive than the average property across the PO33 district.
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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
From Flat 4, Vernon Lodge 2, Ryde, the nearest station is Ryde Hoverport, 400 metres away.
- 400mRyde Hoverport
- 400mRyde Esplanade
- 600mRyde St Johns Road
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.
