Flat B, 15
Flat B, 15
Description & Estimates
The public record describes Flat B, 15, Madeira Road, Ventnor as a period apartment with 678 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat B, 15, Madeira Road, Ventnor has an estimated sale value of £186,823 and an estimated rental value of £920 per month, assuming reasonable condition and based on the information available.
The apartment sits within 15, Madeira Road, Ventnor, PO38.
Madeira Road, Ventnor, PO38 lies within the PO38 postal district.
Our Data Sources
Flat B, 15, Madeira Road, Ventnor has no records in the the Land Registry and a single entry in the EPC database dated February 2018.
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
In very good condition, we estimate Flat B, 15, Madeira Road, Ventnor would be worth £196,164, with a potential rental value of £966 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £173,745, with a rental value of £856 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 B, 15, Madeira Road, Ventnor has declined by £9,231 (4.9%) over the last year. During the same period, its estimated monthly rental value has climbed by £24 (2.6%). The property's estimated gross yield is currently 5.9%.
Energy Efficiency
Flat B, 15, Madeira Road, Ventnor has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Feb 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 860 metres of Flat B, 15, Madeira Road, Ventnor across the last 2 years.
Most recently, 10 St. Josephs, Madeira Road, Ventnor, PO38 1FD, a leasehold flat, sold at £200,000 on the 28th July 2023.
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
Our analysis of the public data ranks Flat B, 15, Madeira Road, Ventnor as the 103rd largest and the 98th most expensive of the 162 addresses on Madeira Road, Ventnor, PO38.
Against the PO38 postcode district average, it is £134k less expensive than the typical property.
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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
Shanklin station is the nearest stop to Flat B, 15, Madeira Road, Ventnor at 4.3 kilometres away.
- 4.3kmShanklin
- 5.9kmLake
- 7.1kmSandown
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.
