Flat 5, 17
Flat 5, 17
Description & Estimates
Flat 5, 17, Madeira Road, Ventnor is described in the public record as a period apartment with 657 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 5, 17, Madeira Road, Ventnor is £184,016 and its rental estimate is £914 per month, given the available information and assuming reasonable condition.
17, Madeira Road is a residential building on Madeira Road, Ventnor, PO38 and falls within the PO38 postal district.
Our Data Sources
Flat 5, 17, Madeira Road, Ventnor has no records in the the Land Registry and a single entry in the EPC database dated April 2009.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 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 5, 17, Madeira Road, Ventnor, we estimate a market value of £193,217 and a rental value of £960 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £171,135 and £850 per month respectively.
Recent Market Change
Over the last year, Flat 5, 17, Madeira Road, Ventnor has seen its estimated sale value fall by £9,092 (4.9%) and its estimated rental value move up by £23 per month (2.6%). This results in an estimated gross rental yield of 6.0%.
Energy Efficiency
Flat 5, 17, Madeira Road, Ventnor has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 16 Apr 2009.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 5, 17, Madeira Road, Ventnor have sold within a radius of 870 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th July 2023, was 10 St. Josephs, Madeira Road, Ventnor, PO38 1FD, a leasehold flat which sold for £200,000.
Read more about house prices in PO38.
- Sold Jul 2023£200,000 | 2 Bed FlatMadeira Road10 St. Josephs, Madeira Road, Ventnor, PO38 1FD
- Sold Dec 2022£275,000 | 2 Bed Flat36, Madeira RoadFlat 4, 36, Madeira Road, Ventnor, PO38 1QS
- Sold Jan 2016£4,800 | 2 Bed FlatMontrose, St. Boniface RoadFlat 1, Montrose, St. Boniface Road, Ventnor, PO38 1PN
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 162 addresses on Madeira Road, Ventnor, PO38, Flat 5, 17, Madeira Road, Ventnor comes out as the 108th largest and the 103rd most expensive in our analysis of the public data.
It is also £136k less expensive than the average property across the PO38 district.
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Schools Nearby
- 1.8kmSt Francis Catholic and Church of England Primary Academy
- 2.9kmWroxall Primary School
- 3.8kmSt Blasius Shanklin CofE Primary Academy
- 1.6kmThe Island Free School
- 13.5kmChrist The King College
- 14.0kmCarisbrooke College
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Public Transport Nearby
From Flat 5, 17, Madeira Road, Ventnor, the nearest station is Shanklin, 4.3 kilometres away.
- 4.3kmShanklin
- 5.9kmLake
- 7.1kmSandown
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.
