Flat 7, 4
Flat 7, 4
Description & Estimates
According to the public record, Flat 7, 4, Salem Road, Shanklin is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 562 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 7, 4, Salem Road, Shanklin is £136,284 and the estimated rental value is £769 per month.
The apartment is within 4, Salem Road, Shanklin, PO37.
Salem Road, Shanklin, PO37 is located within the PO37 postal district.
Our Data Sources
Flat 7, 4, Salem Road, Shanklin has a single entry in the Land Registry from October 2023 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 7, 4, Salem Road, Shanklin is in very good condition we estimate a sale value of £143,098 and a rental value of £807 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £126,744 and a rental value of £715 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 7, 4, Salem Road, Shanklin has declined by £6,920 (5.1%), while its estimated rental value has climbed by £23 per month (3.0%). Based on current estimates, the property offers a gross rental yield of 6.8%.
Sold Prices
According to HM Land Registry, Flat 7, 4, Salem Road, Shanklin was last sold on 6th October 2023 for £105,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since October 2023, the market for similar properties has dropped by 7.5%.
- Sold Oct 2023£105,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, 4, Salem Road, Shanklin within a radius of 590 metres over the last 2 years.
The most recent example is 21B, St. Johns Road, Shanklin, PO37 7NR, a leasehold flat which sold for £158,500 on the 13th December 2023.
Read more about house prices in PO37.
- Sold Dec 2023£158,500 | 2 Bed FlatSt. Johns Road21B, St. Johns Road, Shanklin, PO37 7NR
- Sold Aug 2023£145,000 | 2 Bed FlatOchiltree House 45, Victoria AvenueFlat 10, Ochiltree House 45, Victoria Avenue, Shanklin, PO37 6LT
- Sold May 2021£95,000 | 2 Bed FlatFlorence Road16A, Florence Road, Shanklin, PO37 6NY
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Salem Road, Shanklin, PO37 has a total of 20 addresses. According to our analysis of all the public data, Flat 7, 4, Salem Road, Shanklin is the 16th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £122k less expensive than the average property in PO37.
More reading links
Schools Nearby
- 300mSt Blasius Shanklin CofE Primary Academy
- 1.4kmGatten and Lake Primary School
- 2.3kmBroadlea Primary School
- 4.0kmThe Island Free School
- 10.7kmLift Ryde
- 11.8kmChrist The King College
More reading links
Public Transport Nearby
The closest station to Flat 7, 4, Salem Road, Shanklin is Shanklin station, which is 800 metres away.
- 800mShanklin
- 2.4kmLake
- 3.5kmSandown
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
