Millbarn Cottage, Shanklin
Millbarn Cottage, Shanklin
Description & Estimates
Millbarn Cottage, Shanklin appears in the public record as a freehold house.
By comparing it to nearby properties, we estimate it to be a period house with 932 ft2 of internal area and a garden.
Locally, houses of this size normally have 3 bedrooms.
Our estimate of the sale value of Millbarn Cottage, Shanklin is £400,080 and its rental estimate is £1,407 per month, given the available information and assuming reasonable condition.
Apse Manor Road, Shanklin, PO37 falls within the PO37 postal district.
Our Data Sources
Millbarn Cottage, Shanklin has a single entry in the Land Registry from September 2016 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 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 Millbarn Cottage, Shanklin, we estimate a market value of £420,084 and a rental value of £1,478 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £372,074 and £1,309 per month respectively.
Recent Market Change
Over the last year, Millbarn Cottage, Shanklin has seen its estimated sale value drop by £11,236 (2.8%) and its estimated rental value rise by £76 per month (5.4%). This results in an estimated gross rental yield of 4.2%.
Sold Prices
The most recent sale of Millbarn Cottage, Shanklin completed on 29th September 2016 at £210,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 20.4% over the period since September 2016.
- Sold Sep 2016£210,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Millbarn Cottage, Shanklin have sold within a radius of 1.8 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 12th July 2023, was Fair Winds, Upper Hyde Farm Lane, Shanklin, PO37 7PS, a freehold house which sold for £295,000.
Read more about house prices in PO37.
- Sold Jul 2023£295,000 | 3 Bed HouseFair Winds, Upper Hyde Farm Lane, Shanklin, PO37 7PSFair Winds, Upper Hyde Farm Lane, Shanklin, PO37 7PS
- Sold Dec 2020£296,000 | 3 Bed HouseGroom Cottage, Apse Manor Road, Shanklin, PO37 7PNGroom Cottage, Apse Manor Road, Shanklin, PO37 7PN
- Sold Nov 2014£232,500 | 3 Bed House2 Apse Manor Cottages, Apse Manor Road, Shanklin, PO37 7PN2 Apse Manor Cottages, Apse Manor Road, Shanklin, PO37 7PN
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 24 addresses on Apse Manor Road, Shanklin, PO37, Millbarn Cottage, Shanklin comes out as the 16th largest and the 12th most expensive in our analysis of the public data.
It is also £141k more expensive than the average property across the PO37 district.
More reading links
Schools Nearby
- 1.7kmSt Blasius Shanklin CofE Primary Academy
- 2.2kmGatten and Lake Primary School
- 2.3kmWroxall Primary School
- 4.0kmThe Island Free School
- 10.0kmChrist The King College
- 10.1kmLift Ryde
More reading links
Public Transport Nearby
From Millbarn Cottage, Shanklin, the nearest station is Shanklin, 1.8 kilometres away.
- 1.8kmShanklin
- 3.0kmLake
- 3.9kmSandown
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
